Jan 15 2026
Industrials
Recent Research
Persimmon plc, Better than expected FY25 profits
Jan 13 2026
Meet your Industrials Research team
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...
Berkeley Group
Guidance reiterated despite softer autumn sales
H1 is modestly ahead of implied guidance at Berkeley, and FY26 and FY27 guidance has been reiterated. Comments regarding recent softness ahead of the Budget will be unsurprising, and...
CRH
To enter the S&P 500 index later this month
CRH’s inclusion in the S&P 500 index later in December is well-deserved recognition of the company’s place as the US’ leading provider of construction materials. Its addition to the...
