Nov 14 2025
Industrials
Recent Research
Persimmon plc, FY25 expectations confirmed
Nov 13 2025
Taylor Wimpey plc, FY25 guidance reiterated
Nov 12 2025
CRH, Upgrading forecasts following strong Q3
Nov 12 2025
Meet your Industrials Research team
Irish economy
Examining Ireland’s new €36bn housing plan
Overall, the Government’s long-awaited housing plan includes many laudable aspects and some novel approaches to increasing housing delivery. However, while delivery of 300k new homes by...
Kingspan Group
Continues to advance with purpose
We are increasing our Kingspan forecasts for 2026 by 2% and are therefore anticipating double-digit profit growth next year. This clearly sets the group apart from the wider sector...
Grafton Group
On track for 2025 despite some easing in momentum
Grafton remains on course to register a good operating performance this year. The group continues to benefit from its diverse end-market exposure and the scope for investment...
Persimmon plc
FY25 expectations confirmed
As with most of the peers, Persimmon has seen trading in the autumn slightly ahead of last year, although no material seasonal improvement has occurred due to budgetary concerns from...
Marshalls
Subdued revenue environment heightens importance of self-help
It has been a difficult year for Marshalls. Hopes of an improvement in profits were dashed by a material profit warning towards the end of July. Reset profit expectations remain in...
Taylor Wimpey plc
FY25 guidance reiterated
Weaker conditions ahead of the November Budget in the UK have continued to hold back sales rates at Taylor Wimpey. Despite this, the business has reiterated FY25 guidance. We expect...
CRH
Upgrading forecasts following strong Q3
Our forecasts are moving higher this morning following a strong Q3. At an adjusted EBITDA level, the estimates are 1% and 5% higher for FY25 and FY26 respectively. With short- and...
Forterra plc
Decent update as full year expectations maintained
Forterra has issued a solid trading update as full year guidance has been maintained. Compared to Ibstock, Forterra is having a much better year and there remains a credible...
Kingspan Group
Reassuring update, positive outlook
Kingspan’s trading update is encouraging and reassuring. Full year trading profit guidance has been reiterated, and therefore the group remains firmly on track to record a 16th...
Grafton Group
Latest share buyback completed
The completion of Grafton’s last share buyback programme (its seventh) takes the total amount repurchased since 2022 to approximately £430m. Despite the scale of the share...
