Industrials

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Mincon Group

Receives essential manufacturer status in Ireland

Subsequent to our note this morning, Mincon has received clearance to operate as an essential manufacturer from its Shannon facility in Ireland.

SIG plc

Further COVID-19 update

Following on from its earlier update, SIG has now announced the temporary closure of its UK and Ireland trading sites. It will cut staff pay during the shutdown and will also use the...

Grafton Group

Further COVID-19 update: actions in Ireland

Grafton has announced a fresh additional COVID-19 update to cover the impact of Irish government measures. It has temporarily closed its Woodies DIY business and its distribution...

Mincon Group

Facing short-term downtime

The latest Irish government response to the COVID-19 pandemic will lead to downtime in Mincon’s Shannon plant. While the company has significant operations outside there, a large portion...

Berkeley Group

Further actions on COVID-19

Issues with the supply chain have moved Berkeley Group to manage down the level of construction materially for the foreseeable future. The upcoming dividend will still be paid, and the...

Glenveagh Properties

Issues COVID-19 update

The company’s update has followed government guidance, which was recently issued. We expect reservations to be very low in the coming weeks but, for now, construction and home...

Taylor Wimpey plc

Issues COVID-19 response

Taylor Wimpey has responded to the ongoing crisis by closing construction operations, suspending dividend payments and drawing down available cash resources. We expect to see more of...

Irish homebuilders

COVID-19: Assessing the risks

In this report, we set out three important points for the listed homebuilder sector in Ireland: (1) forward order books are large and provide near-term comfort; (2) balance sheets...

Travis Perkins plc

Measures announced in relation to COVID-19

Travis Perkins (TPK) has announced a number of sensible actions in response to the unique threats provided by COVID-19. These include pulling the final dividend and pausing the Wickes...

Kingspan Group

Uncertain times merit cautious actions

The decision to withdraw its final dividend is a prudent and pre-emptive response by Kingspan to sudden and unprecedented developments globally. It will save circa €60m and ringfences...