For full functionality of this site it is necessary to enable JavaScript. Here are the instructions how to enable JavaScript in your web browser.

We are availabe to talk to you Monday - Friday 9am - 5pm

GDPR text - this is just a placeholder until correct text is inserted.

Have a member of our team call you back.

GDPR text - this is just a placeholder until correct text is inserted.

You can email us your enquiry by completing the form below.

Donec nisl risus, mattis ut, porttitor vitae, lobortis sagittis, lacus. Nullam neque ligula, congue at, fringilla at, consequat vitae, nulla. Nam ut felis. Curabitur imperdiet ligula a leo molestie malesuada. Praesent neque tortor, placerat accumsan, imperdiet non, iaculis at, mauris. In lacus quam, semper in, ullamcorper et, hendrerit id, pede. Nulla pretium sodales nunc.

Quisque augue quam, pulvinar in, accumsan et, pellentesque sed, ligula. Proin viverra, quam et aliquam molestie, turpis enim pellentesque eros, nec varius sem est id sapien. Aliquam at orci. Cras enim. Nam magna quam, elementum a, aliquet at, eleifend id, lacus. Donec et odio id quam laoreet suscipit.

Quisque ac ante. Aenean in neque. Suspendisse aliquet tincidunt pede. Duis mi. Morbi sapien. Cras posuere interdum nisl. Proin ac eros. Integer sit amet odio. Nullam nec velit dapibus augue condimentum egestas. Phasellus quis odio. Sed semper aliquet risus. Integer gravida vulputate sem. Praesent eu mauris. Fusce consequat congue dui. Vivamus quis metus non dui pellentesque tempor.

Morning Briefing

Davy Morning Equity Briefing

Aug 05, 2026

Buzzi Spa

FY26 guidance lowered after subdued H1

H1 results are c.4% behind expectations, while new FY26 guidance also implies a c.6% downgrade at the midpoint. The company is not expecting any recovery in the macroeconomic or geopolitical environment to end-2026.

Colin Sheridan CFA
Morning briefing
Read Important Disclosures

Ibstock plc

Guiding a lower full year adjusted EBITDA result

Ibstock has reported a 28% year-on-year decline in H1 adjusted EBITDA and has also announced a £25m non-cash impairment charge related to its soft mud facilities. Updated guidance is for full year adjusted EBITDA towards the lower end of current market expectations. This suggests a likely cut of circa 8% to the current consensus adjusted EBITDA forecast. This continues the trend of downward forecast revisions and weighs on the investment case.

Flor O'Donoghue
Morning briefing
Read Important Disclosures