Jul 8 2026
Recent Research
Robertet, H1-26 preview
Jul 7 2026
easyJet, Recommended bid at £6.90 per share
Jul 6 2026
Associated British Foods
Model update – further reductions
We are lowering our FY27 adjusted operating profit forecasts by c.7%, primarily reflecting further weakness in Sugar; in aggregate, our group FY27 profit forecasts have been reduced...
Irish economy
Ireland’s economic growth continues to outperform
In line with our expectations, the Irish economy continues to grow above consensus. We have revised down our forecast for housing supply to 44k next year and progress appears...
Robertet
H1-26 preview
Following a particularly strong FY25, we expect organic sales growth to moderate to 3.9% in H1-26 (H1-25: +9.2%) with trends differentiated across divisions. We forecast a rebound in...
XPS Group
Modest forecast upgrades; reiterate ‘Outperform’ with revised price target
Following strong FY results and the strategic acquisition of Austin Professional Resourcing LLP (APR), we update our forecasts and reiterate our ‘Outperform’ rating. Higher revenue...
Smurfit Westrock
Q2 preview and North America pricing dynamics
While freight and energy costs will drag on near-term performance, we believe Smurfit Westrock is well placed coming into H2. Paper pricing will start to meaningfully flow through, and the...
Irish banks
Banks monthly: Capital - strong growth, returns and insulation
In recent years, Irish banks have delivered attractive organic capital generation, above that of European peer levels. Sustainable capital generation is key to increased capital returns,...
Glanbia
H1 preview – model update
Ahead of H1 results, we update our Glanbia model – positive consumption trends for Optimum Nutrition (ON), a stronger Q2 for Health & Nutrition (H&N) and strengthening tailwinds for...
Kerry Group
Regulation supporting reformulation
The global food and beverage industry is undergoing significant regulatory reform with many governments adopting or planning to adopt new regulations to improve diets, combat chronic...
SSP Group plc
Planes, trains and margin gains: initiating on SSP
SSP is a leading food and beverage concessions business, operating restaurants in airports and other travel locations through a mix of in‑house and franchised brands. It has a...
Cranswick plc
Model update: significant poultry potential
We upgrade our Cranswick FY28 and FY29 adjusted operating profit forecasts by c.5%, reflecting higher Poultry forecasts and stronger medium-term profit conversion. While individual...
