Nov 3 2026
Recent Research
Kingspan Group, Kings-pan America
Nov 3 2026
Vistry Group
Data show no private sales rate recovery; moving to ‘Underperform’
Data gleaned from Vistry Group’s public-facing websites indicate that its net private reservation rate has not improved since the summer low of 0.3 and that incentive use has stayed...
Kingspan Group
Kings-pan America
Ahead of Kingspan’s Capital Markets Day in the US on November 10th, we examine three particularly compelling growth themes for the group in the country: further penetration gains by...
Ryanair Holdings
Short-term pain, long-term gain
We see Ryanair continuing to prosper over the medium term with the lowest cost base and best balance sheet in the industry (another €800m buyback announced from next February). If...
Irish banks
Banks monthly: Individual Investment Accounts
Individual Investment Accounts (IIAs) should provide a welcome tailwind to Irish retail investing. We expect adoption to be gradual with flows captured at the margin from existing...
Irish economy
Double-digit growth in housing output in Q3
As we saw in Q2, we are encouraged to see Q3 house completions very close to our forecast. While our apartments forecast was higher than the outcome, these are inherently volatile....
UK economy
UK public finances are set to remain fragile
2026 has been characterised by upside surprises to the UK’s economic growth, and there is possible further scope for outperformance ahead thanks to a better productivity backdrop....
Associated British Foods
FY26 results preview – limited margin of safety
We remain cautious on Associated British Foods (ABF) ahead of its FY26 results (November 3rd). While Primark’s recent price reductions should support its competitive position, we...
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...
