Jan 19 2026
Industrials
Recent Research
Taylor Wimpey plc, FY26 downgrades on the way
Jan 15 2026
Persimmon plc, Better than expected FY25 profits
Jan 13 2026
Meet your Industrials Research team
Marshalls
2025 in-line with expectations as Simon Bourne confirmed as new CEO
Marshalls will be hoping that a new year will bring a new beginning. 2025 was difficult and overshadowed by a material profit warning in July. A starting point for this year, therefore, will...
SigmaRoc plc
A strong finish to 2025 after a well-executed year
SigmaRoc’s (SRC) year-end 2025 trading update confirms another strong year for the group, with execution again the key differentiator. Management continues to deliver on synergies...
Taylor Wimpey plc
FY26 downgrades on the way
FY25 is modestly behind current consensus forecasts, while FY26 is likely to see material downgrades due to falling margins year-on-year (current expectations are for a modest...
Glenveagh Properties
Expect a FY25 profit beat and forecast upgrades; €25m buyback announced
Strong margin performance across the businesses has more than offset a modest top-line miss. Profit for FY25 is likely to be 2-3% ahead of current expectations and upside risk to...
Vistry Group
FY25 to be in line with expectations
The company has met consensus expectations for FY25 with a better margin compensating for a lower revenue outturn. FY26 is expected to see good financial progress, with government...
Grafton Group
Delivering in 2025 despite limited help from end-markets
Grafton has indicated that its adjusted operating profits for 2025 will be in line with expectations. This is despite continuing end-markets that remain sluggish in many instances, plus...
Persimmon plc
Better than expected FY25 profits
FY25 results will be clearly ahead of market consensus, driven by better volume performance. Despite an encouraging start to the year, the business is not anticipating an improvement...
Kingspan Group
To retain full ownership of ADVNSYS
Kingspan has announced that it will now not pursue a potential IPO of ADVNSYS. As such, there is no impact on our financial forecasts as we had not made any adjustments for this...
Watkin Jones
Underlying FY25 results ahead of expectations
Underlying results for FY25 are marginally ahead of our expectations, but some exceptional charges from impairments and additional building safety charges have weighed on statutory...
Volution
Another sound trading update with a further meaningful deal in Australia announced
Volution’s trading update confirms that the group is well on its way to delivering another year of good progress. In addition, the Volution development agenda continues apace with the...
