Sep 3 2026
Recent Research
Ryanair Holdings, Reacting to high oil price
Sep 2 2026
Givaudan
Summer Investor Conference – key highlights
The centrepiece of Givaudan’s Summer Investor Conference was CEO Christian Stammkoetter’s report card on his first six months in office – the original framework for the group’s 2030...
Irish economy
Energy drives inflation to 3.4%; core inflation moderates to 3%
Similar to Spain’s result last week, Irish inflation for August was driven higher by energy prices owing to renewed US-Iran conflict. This was somewhat offset by food prices, which were...
Economics weekly
Corporation tax set for an Apple boost in August
We expect that Ireland’s inflation rate for August likely remained at about 3%, although upside risks to this include a faster increase in energy prices. With Apple’s corporation tax due...
Irish banks
Banks monthly – competitive disruption: more noise than threat
We continue to believe that concerns of competitive disruption are overstated. The banking market changed immeasurably when Ulster Bank and KBC, two long-established challengers,...
Kingspan Group
Seeing is believing; upgrading 2027 earnings forecast by over 25%
Kingspan has stepped confidently into a new and exciting growth phase. Interim results were enthusiastically received: full year guidance was raised with mid-teen profit growth flagged...
UK housebuilders
Results recap and forecast updates; FY 2027 to be another year of margin misery?
The UK housebuilders disappointed gross margin market expectations in the latest set of results (some by lowering guidance, others by missing forecasts). While build cost inflation is...
Irish economy
2026 inflation is on course to undershoot most forecasts
The full print for Ireland’s inflation in July showed an overall rate in line with the flash indicator published two weeks ago. However, some revisions saw a smaller decline in energy prices...
FBD Holdings
Continued delivery
Since the outset of its current strategy, FBD has delivered across all fronts, growing in its targeted areas and returning very high levels of capital via dividends. This was all achieved...
Greencoat UK Wind
Well positioned for H2 2026
We have long viewed Greencoat UK Wind (UKW) as one of the higher quality operators in the listed renewables space. As a sector pioneer, it has consistently been at the forefront of...
Dole plc
Meaningfully de-risked, yet valuation remains disconnected
We are modestly lowering our FY26 adjusted EBITDA forecast by c.1% to c.$401m, reflecting a slower pass-through of recovery mechanisms and the lingering impact of the Middle East...
