Nov 19 2025
Industrials
Recent Research
Diploma plc, Strong FY2025 results
Nov 18 2025
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Hill & Smith
Trading statement
Hill & Smith has issued a trading statement for the four months to the end of October. Organic revenue has accelerated to 3% in the period and the margin has expended. Divisional...
Diploma plc
Strong FY2025 results
Diploma’s FY2025 results (to September 30th) reflect strong organic top line growth, margin expansion and 21% EPS growth. The operating performance continues to be very impressive....
Genuit Group
Full year adjusted operating profit expectations cut
It had been hoped there would be a renewed momentum to Genuit following its recent acquisitions. However, market conditions continue to obstruct the scope for near-term organic...
Stelrad Group plc
Operational focus helps limit impact of ongoing volume pressure
Stelrad remains on course to record an increase in adjusted operating profit this year. Admittedly, ongoing volume weakness means the magnitude of the advance will be a little more...
Irish economy
Examining Ireland’s new €36bn housing plan
Overall, the Government’s long-awaited housing plan includes many laudable aspects and some novel approaches to increasing housing delivery. However, while delivery of 300k new homes by...
Kingspan Group
Continues to advance with purpose
We are increasing our Kingspan forecasts for 2026 by 2% and are therefore anticipating double-digit profit growth next year. This clearly sets the group apart from the wider sector...
Grafton Group
On track for 2025 despite some easing in momentum
Grafton remains on course to register a good operating performance this year. The group continues to benefit from its diverse end-market exposure and the scope for investment...
Persimmon plc
FY25 expectations confirmed
As with most of the peers, Persimmon has seen trading in the autumn slightly ahead of last year, although no material seasonal improvement has occurred due to budgetary concerns from...
Marshalls
Subdued revenue environment heightens importance of self-help
It has been a difficult year for Marshalls. Hopes of an improvement in profits were dashed by a material profit warning towards the end of July. Reset profit expectations remain in...
Taylor Wimpey plc
FY25 guidance reiterated
Weaker conditions ahead of the November Budget in the UK have continued to hold back sales rates at Taylor Wimpey. Despite this, the business has reiterated FY25 guidance. We expect...
