Financials

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REITS

Fed policy considerations: Part 3

The U-turn in monetary policy by the US Federal Reserve (Fed) is now complete. After abandoning quantitative tapering and then lowering interest rates, the latest development is the...

Bank of Ireland

Myles O’Grady appointed Group CFO, subject to regulatory approval

Myles O’Grady brings significant experience to the position of Group Chief Financial Officer (CFO) and his appointment will be welcomed. Delivering Bank of Ireland’s (BOI) strategic plan,...

Banks

Strategic updates the main catalyst for re-ratings

On a year-to-date basis, Irish banks and CYBG continue to significantly underperform the SX7P index; in contrast, Lloyds Banking Group (LLOY) and RBS have modestly outperformed the...

Irish economy

Brexit extension should benefit Irish government bonds and equities

The strong performance of Ireland’s economy and Irish asset prices (banks, homebuilders, government bonds) have diverged in 2019, reflecting Brexit fears. This provides an opportunity...

Bank of Ireland

Extends UK Post Office partnership until 2026

Bank of Ireland’s (BOI) renegotiation and extension of the exclusive partnership with the UK Post Office is a further incremental step towards improving the returns generated in the...

Banks

Financial site visit: key take-aways

Controlling the controllables was the overriding theme of this year’s Davy Financial site visit. The uncertainties in the market arising from the interest rate environment and Brexit...

Irish banks

Minister for Finance investor briefing

The key take-aways from our investor briefing with the Minister for Finance are that while the economy is facing uncertainties from Brexit it is doing so from a position of strength....

UK banks

PPI removes the shine from averting October ‘no-deal’ Brexit

The prospect of a ‘no-deal’ Brexit in October is on the verge of being averted – good news for UK banks, but the end of payment protection insurance (PPI) has come with a...

permanent tsb Group

Self-help progress constrained by external headwinds

Commercial progress was again evident in H1 2019 with new lending increasing by 22%. However, this is clouded by external factors – the ongoing requirement to reduce non-performing...

IRES REIT

Strong H1 2019 results

IRES has reported 18% year on year (yoy) growth in net rental income (NRI) in H1 2019. This has been driven by organic rent growth and acquisitions, which exclude the recent XVI...