Food and beverage

Meet your Food and beverage Research team

Cranswick plc

Growth platform underpinned by poultry and international ambitions

Cranswick’s evolution has been shaped by its strategic agility and progressive reinvestment model. Dedicated supply chains have deepened retailer relationships. The roots of the...

Kerry Group

Eastern promise - Kerry’s SE Asia journey is only beginning

Enabled by its localised solutions-led model, Kerry has built an enviable track record in SE Asia with a ten-year organic volume CAGR of 14%. Success is built on consumer insights, an...

C&C

Robust performance across core brands expected as investors get first sight of MCB

C&C will report interim results on October 25th. We expect core brands (Tennent’s, Bulmers and Magners) to have performed well, aided by favourable weather and the World Cup. While...

ARYZTA

Capital and productivity proposals enter the fold

FY2018 proved a traumatic year for ARYZTA shareholders, its travails well documented. The proposed capital raise seeks to address excess leverage and provide necessary funds to...

Givaudan

South-East Asian growth platform

The South-East (SE) Asian market growth opportunity took centre stage at Givaudan’s half-year investor conference. A number of themes – regional diversity, the dominance of the...

Food and beverage

The great polarisation – growth trumping value

We are in danger of becoming conditioned to what feels like the perpetual underperformance of value stocks. 2016 was the only year over the last decade in which the MSCI World Value...

Symrise

Organic growth acceleration, led by Scent & Care; FY sales outlook raised

Symrise’s interim update confirms a strong first half with a better-than-expected revenue out-turn. An acceleration in organic growth to 10.6% in Q2 (H1: 9.0%) solidifies its leadership...

ARYZTA

Planned capital raise announced

Following a detailed review of its capital structure, ARYZTA has announced its intention to raise up to €800m of new equity, primarily via a rights issue. Recent share price capitulation...

Glanbia

Interim results in line with expectations; FY guidance reiterated

As anticipated, Glanbia’s performance reflects a period of intense product and channel investment against a backdrop of softer dairy markets. Good volume growth was achieved across...

Kerry Group

Interims in line; a good start to the five-year plan

Kerry Group’s interim statement confirms another strong period of delivery. Within T&N, healthy volume growth was sustained (H1: +4.1%), led by developing markets (+9.6%). Group...