Aug 1 2025
Recent Research
Kingspan Group
H1 results to reveal further progress
Kingspan is expected to deliver profit growth in H1 despite persistently choppy end-markets. Regardless of near-term gyrations, the group continues to press ahead with its development...
Cranswick plc
Model update – FY26 upgrade
We believe Cranswick’s sustained share and volume growth points to a structural shift in the competitive landscape, with the company’s deepening moat and enhanced level of...
Irish economy
Q2 homebuilding up 35%; NDP provides a roadmap to recovery
New housing data showed a welcome and much-needed boost to output, up 35% on Q2 last year. While a doubling of apartments from a low base helped, house completions were also strong...
Ryanair Holdings
What’s it worth? We increase our price target to €27
As Ryanair points out, like any airline its final FY’26 outcome “remains heavily exposed to adverse external developments, including the risk of tariff wars, macro-economic shocks,...
Ryanair Holdings
Blowout Q1, well positioned for the summer
Ryanair’s record performance in Q1 and strong bookings into the summer leave it very well positioned. Q2 fares are set to recover “almost all” of last year’s 7% decline. As ever, cost...
Irish banks
H1 2025: lending and distributions in focus
Irish banks remain well placed to deliver, and 2025 interim results will further reinforce this. Attractive capital generation enables investment in growth, efficiency and shareholder...
Grafton Group
Model update
There is limited change to current year estimates following Grafton’s recent trading update but we are taking a more prudent stance on 2026 forecasts. Even so, earnings growth of...
Irish economy
Forecasts update: fundamentals continue to drive strong growth
Close to our forecast, the real Irish economy grew strongly by nearly 5% in 2024. Driven by very favourable fundamentals, especially in terms of employment growth, we see scope for...
Package holidays
Unpacking the holidays market
The UK package holiday market is expected to grow at a 14% CAGR from 2025-2029. We explore the key industry trends and dynamics in this report.
Ibstock plc
Setback dampens investment case
The prospect of Ibstock recording a pick-up in earnings this year has been dashed. While volumes continue to recover, the combination of higher-than-expected costs and weaker selling...
