Oct 22 2026
Recent Research
SigmaRoc plc, Confidence in FY26 reiterated
Oct 21 2026
UK economy
Inflation up to 3.5%, but second-round effects remain absent
This morning’s UK inflation data are mildly hawkish, as were the labour market figures already published this week. However, the big picture remains that there is still very limited...
Hostelworld
Forecast updates post recent trading statement
We update our Hostelworld forecasts to reflect the greater-than-anticipated impact on booking volumes from the conflict in the Middle East. This initially impacted Europe to...
Greencoat UK Wind
Capital Markets Event: new levers in UK Wind
Greencoat UK Wind's (UKW) Capital Markets Event (CME) provided greater detail on how management intends to deploy capital over the coming years. While the opportunity set has...
Kerry Group
US investor event showcases model strength
Kerry’s recent North America-focused investor event conveyed a clear sense of momentum and ambition. Since our previous visit two years ago, confidence in the relevance of the...
Mincon Group
Increasing price target to 112c on materially higher growth expectations
With Mincon’s recent Q3 results showing exceptionally strong growth on the back of good H1 momentum, we have increased FY26 revenue forecasts by c.13%. Good operating leverage drives...
Givaudan
Investor field trip – focus on Taste & Wellbeing Europe
We attended Givaudan’s recent investor field trip in Naarden, the Netherlands, which showcased Taste & Wellbeing (T&W) Europe, the division’s largest region at 28% of T&W sales. The...
Irish economy
Budget 2027 forecasts remain conservative
Many measures introduced in Budget 2027 will be popular with Irish households, including new tax-efficient savings and investment accounts. However, Budget forecasts remain conservative...
Package holidays
UK holidays: turbulence eases, upside remains
Following a turbulent summer for the UK holiday sector, driven by Middle East disruption, fuel availability concerns and a late booking curve, trading conditions appear to be stabilising....
Vistry Group
CEO Review recap: new blueprint, same leverage concerns
The CEO Review set out a vision for a smaller, simplified Vistry. One that would trade with less leverage and operate with tighter controls. This is a positive first step. However, at the...
CRH
Recent weakness provides attractive entry point
Headwinds from the US residential market and cost pressures are likely to impact CRH’s H2 results; however, the addition of Arcosa means we increase our FY27 adjusted EBITDA...
