Sep 15 2026
Recent Research
hVIVO, H1 2026 results
Sep 15 2026
Persimmon plc
Heading north: upgrading to ‘Outperform’
Persimmon will continue to achieve higher underlying house price growth than its peers, largely due to its geographic tilt away from London and towards the North of England and the...
IRES REIT
Upgrading forecasts again and revisiting the opportunity
We upgrade our net tangible asset (NTA)/share forecasts by 1-2% each year following the interim results and see the potential for further upside from yield compression. We also...
Genus plc
Coded for growth: initiating on Genus
We are initiating coverage of Genus plc, a global animal-genetics group with leading positions across porcine and bovine genetics. The investment case is underpinned by proprietary...
Irish economy
A strong Q3 on the cards based on July and August tax receipts
August’s exchequer returns show that the Irish economy remains in a good place in Q3. Despite some volatility in tax receipts last month, all signs point to a robust performance for...
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...
