Jul 15 2026
Industrials
Recent Research
Meet your Industrials Research team
Barratt Redrow plc
Mixed outlook for FY 2027
Barratt Redrow now expects the average number of sales outlets to be 415, lower than the 430 previously guided (-3.5%). The underlying pricing in the order book is down 1.4%, which will...
Grafton Group
Full year adjusted operating profit guidance maintained
Grafton has reported a modest increase in organic revenues for the first half of the year, boosted by good growth in Iberia and the Island of Ireland. Full year operating profit...
Vistry Group
H1 to swing to a net loss; strong focus on cash generation
Focused on cash generation, Vistry now expects that it will fall into a loss before tax of £30m in H1 2026. Specific cash generation actions resulted in a negative impact of £50m in H1....
Cairn Homes
Significant order book growth underpins FY guidance
An exceptionally strong trading period since April has seen Cairn Homes grow the order book by 25% in circa two months. H1 results will be well ahead of H1 2025, and full year guidance...
Smurfit Westrock
Q2 preview and North America pricing dynamics
While freight and energy costs will drag on near-term performance, we believe Smurfit Westrock is well placed coming into H2. Paper pricing will start to meaningfully flow through, and the...
Grafton Group
New share buyback highlights financial strength
Grafton has announced a fresh share buyback of up to £25m. This is a testament to the group’s financial strength given it recently invested circa £200m on two acquisitions. Share...
CRH
Agrees to acquire Arcosa
The acquisition of Arcosa is a strong strategic fit for CRH, and the deal will be earnings, margin and cashflow accretive in the first 12 months post close (likely in Q1 2027). An...
Saint-Gobain Group
Announces sale of Dahl for €1.52bn
We believe Saint-Gobain’s (SGO) decision to sell its Dahl specialist distribution business is consistent with the group’s strategy and continues a theme of active portfolio management....
Grafton Group
Worth travelling down the Grafton Way
Grafton’s Capital Markets Event provided good detail and insights into the group and the outlook for the business over the remainder of the decade. The depth of the management team...
Grafton Group
Ambitious 2030 targets set
Grafton’s Capital Markets Event (CME) will make the case for a business that is financially robust, highly cash generative, operationally diversified and strategically set up for growth...
