Davy Morning Equity Briefing
Sep 15, 2026
hVIVO
H1 2026 results
hVIVO’s H1 2026 results had largely already been given in its July trading statement. The order book is rebounding as commercial activity improves and is supported by the post period-end acquisition of CRS Berlin. Guidance for FY2026 reflects some revenues we expected in 2026 now likely to occur in 2027/2028.
UK economy
Second-round effects still absent for the UK
UK results for the labour market this morning continue to show little or no evidence of second-round effects due to higher energy prices this year. Payrolls declined again in August, and July’s decrease was revised to indicate a weaker picture than what was shown last month. Private sector wage growth also remained contained below 3%, and the unemployment rate was unchanged at 4.9%. Focus will now shift to the consumer price index result for August and the Bank of England (BoE) meeting later this week.
