Jun 27 2024
Financials
Recent Research
Irish economy, On the cusp of rapid growth
Jun 19 2024
Banks, Rebound in April mortgage approvals
May 24 2024
Bank of Ireland, Further UK strategy evolution
May 15 2024
Meet your Financials Research team
Harworth Group
Significant sale at Skelton Grange to drive material NDV uplift
Harworth’s land sale will act as a meaningful contributor to EPRA NDV in 2024. Alongside this, the updated investment portfolio strategy, which looks beyond 2027 for the first time,...
Harworth Group
Sale of a 16-acre residential land parcel to Taylor Wimpey
Harworth’s announcement of a 16-acre residential land parcel to Taylor Wimpey at a premium to the end-2023 book value proves that, notwithstanding a slower residential market, its...
Irish economy
On the cusp of rapid growth
The Irish economy accelerated into 2024 and is on the cusp of rapid growth, helped by lower inflation. Foreign direct investment (FDI), high-skilled job creation and a rising population...
Harworth Group
Resolution to grant planning secured for 1.5m sq. ft. of industrial and logistics space
Harworth’s announcement that it has secured a resolution to grant planning permission at Gascoigne Interchange is a clear example of the group’s strengths. First, its aptitude to...
Banks
Rebound in April mortgage approvals
Mortgage approvals rebounded in April, with year-to-date (ytd) approvals now broadly flat on both a value and volume basis. This supports our view that an early Easter impacted March...
Harworth Group
AGM statement in-line; continued progress being seen across the portfolio
Harworth Group’s AGM trading statement acts as a reminder of the momentum within the portfolio, with the group still on track to reach the £1bn EPRA valuation by end-2027. Harworth’s...
FBD Holdings
In-line trading; continued good growth in Gross Written Premium
Overall, FBD’s trading update is in line with expectations from the FY 2023 results; however, the ongoing growth in Gross Written Premium (GWP) does highlight the strategic success in...
permanent tsb Group
Q1 in line with expectations
PTSB’s Q1 trading update is in line with expectations. While net lending is modestly lower, the roll-out of new products and changes to the existing line-up should support recovery from...
Irish banks and housebuilders
Sinn Féin investor briefing
In a recent briefing with Davy, Sinn Fein’s Pearse Doherty said that the party recognises the key strengths of the Irish economy and the need to maintain policies to support key...
Irish banks
Q1 previews and model updates
The investment thesis on Irish banks remains unchanged – strong capital starting positions and returns above company medium- term targets will support above sector distributions. The...
