http://www.davy.ieDavy - Equity Research ArchiveDavy is a member of the Irish Stock Exchange, the London Stock Exchange and is authorised by the Financial Regulator under the Stock Exchange Act, 1995. Currency and share price data are delayed by 15 minutes. Indicative prices expressed are delayed by 15 minutes where indicated, otherwise they are those as at close of business on the previous day. Copyright Davy 2011en-usWed, 22 Feb 2012 22:45:24 +0000http://www.davy.ie/img/Davy.gifhttp://www.davy.iehttp://www.davy.ie/LR?id=3146Markets unimpressed by new Greek funding packageDavy ResearchWed, 22 Feb 2012 08:31:02 +0000http://www.davy.ie/LR?id=3146http://www.davy.ie/LR?id=3145Impressive 2011 performance; higher BSS-related synergies and better-than-expected net debt reductionDavy ResearchWed, 22 Feb 2012 08:31:01 +0000http://www.davy.ie/LR?id=3145http://www.davy.ie/LR?id=3144Strong sales result from Home Depot; ABI remains above 50Davy ResearchWed, 22 Feb 2012 08:30:59 +0000http://www.davy.ie/LR?id=3144http://www.davy.ie/LR?id=3143H1 results along expected lines; strong start to 2012Davy ResearchWed, 22 Feb 2012 08:30:58 +0000http://www.davy.ie/LR?id=3143http://www.davy.ie/LR?id=3142UK housing transaction trend continues to improveDavy ResearchWed, 22 Feb 2012 08:30:56 +0000http://www.davy.ie/LR?id=3142http://www.davy.ie/LR?id=3141Uganda farm-down completedDavy ResearchWed, 22 Feb 2012 08:30:51 +0000http://www.davy.ie/LR?id=3141http://www.davy.ie/LR?id=3140Hershey takes control of sports drink manufacturerDavy ResearchWed, 22 Feb 2012 08:30:50 +0000http://www.davy.ie/LR?id=3140http://www.davy.ie/LR?id=3139Chiquita reports FY results up year-on-year, helped by strong performance in bananas; Fyffes FY results due March 1stDavy ResearchWed, 22 Feb 2012 08:30:48 +0000http://www.davy.ie/LR?id=3139http://www.davy.ie/LR?id=3138Mortgage lending was down 35% year-on-year in Q4 but marginally up on Q3 Davy ResearchWed, 22 Feb 2012 08:30:47 +0000http://www.davy.ie/LR?id=3138http://www.davy.ie/LR?id=3137Hays H1 net fees grow by 11% but trading conditions have become more challenging in several marketsDavy ResearchWed, 22 Feb 2012 08:30:43 +0000http://www.davy.ie/LR?id=3137http://www.davy.ie/LR?id=3124Greece funding package finally agreedDavy ResearchTue, 21 Feb 2012 08:27:32 +0000http://www.davy.ie/LR?id=3124http://www.davy.ie/LR?id=3123Robust FY 2011 results; positive outlook underpins EPS upgradeDavy ResearchTue, 21 Feb 2012 08:27:27 +0000http://www.davy.ie/LR?id=3123http://www.davy.ie/LR?id=3122Volume trends still difficult through end-yearDavy ResearchTue, 21 Feb 2012 08:27:26 +0000http://www.davy.ie/LR?id=3122http://www.davy.ie/LR?id=3121Much better operating result in 2011 and makes progress in broadening business; but slowdown in momentum in Q4 and returns and cash generation remain quite weak Davy ResearchTue, 21 Feb 2012 08:27:24 +0000http://www.davy.ie/LR?id=3121http://www.davy.ie/LR?id=3120Announces North American management changesDavy ResearchTue, 21 Feb 2012 08:27:23 +0000http://www.davy.ie/LR?id=3120http://www.davy.ie/LR?id=3119FY 2011 results broadly in line with expectationsDavy ResearchTue, 21 Feb 2012 08:27:21 +0000http://www.davy.ie/LR?id=3119http://www.davy.ie/LR?id=3118Upgrade to 'outperform' on TNT Express bid ahead of results due Febuary 27thDavy ResearchTue, 21 Feb 2012 08:27:19 +0000http://www.davy.ie/LR?id=3118http://www.davy.ie/LR?id=3117Jupiter well hits 30 metres of cumulative net hydrocarbonsDavy ResearchTue, 21 Feb 2012 08:27:15 +0000http://www.davy.ie/LR?id=3117http://www.davy.ie/LR?id=3114Greek saga nearing its end gameDavy ResearchMon, 20 Feb 2012 08:37:16 +0000http://www.davy.ie/LR?id=3114http://www.davy.ie/LR?id=3113Results highlight de-leveraging progressDavy ResearchMon, 20 Feb 2012 08:37:15 +0000http://www.davy.ie/LR?id=3113http://www.davy.ie/LR?id=3112Long-term mortgage arrears are a growing problemDavy ResearchMon, 20 Feb 2012 08:37:13 +0000http://www.davy.ie/LR?id=3112http://www.davy.ie/LR?id=3111FY 2011 numbers in line; guidance below consensus expectations for FY 2012Davy ResearchMon, 20 Feb 2012 08:37:11 +0000http://www.davy.ie/LR?id=3111http://www.davy.ie/LR?id=3110Productivity spurs US milk output growthDavy ResearchMon, 20 Feb 2012 08:37:10 +0000http://www.davy.ie/LR?id=3110http://www.davy.ie/LR?id=3109Spot banana prices move higherDavy ResearchMon, 20 Feb 2012 08:37:07 +0000http://www.davy.ie/LR?id=3109http://www.davy.ie/LR?id=3108UPS bid for TNT Express a seminal moment; bid rejected at €9 but talks continuing; raising rating to 'outperform'Davy ResearchMon, 20 Feb 2012 08:37:06 +0000http://www.davy.ie/LR?id=3108http://www.davy.ie/LR?id=3107Results as expected as momentum slows in second half; stock looks very much up with events after recent gains Davy ResearchMon, 20 Feb 2012 08:37:04 +0000http://www.davy.ie/LR?id=3107http://www.davy.ie/LR?id=31062011 results preview: consensus expectations now above previous guidanceDavy ResearchMon, 20 Feb 2012 08:37:03 +0000http://www.davy.ie/LR?id=3106http://www.davy.ie/LR?id=3105Preview of 2011 results; outlook comments awaitedDavy ResearchMon, 20 Feb 2012 08:37:01 +0000http://www.davy.ie/LR?id=3105http://www.davy.ie/LR?id=3104RISI data confirm €60/tonne increase in German recycled containerboard pricesDavy ResearchMon, 20 Feb 2012 08:36:57 +0000http://www.davy.ie/LR?id=3104http://www.davy.ie/LR?id=3103Results highlight deleveraging progress; funding, impairment headwindsEmer LangMon, 20 Feb 2012 08:35:52 +0000http://www.davy.ie/LR?id=3103http://www.davy.ie/LR?id=3102February 20th 2012Tim Cahill/Barry Dixon/Robert Gardiner/Flor O'Donoghue/Killian MurphyMon, 20 Feb 2012 07:46:45 +0000http://www.davy.ie/LR?id=3102http://www.davy.ie/LR?id=3101February 20th 2012Robert Gardiner/Emer Lang/John O'ReillyMon, 20 Feb 2012 07:25:36 +0000http://www.davy.ie/LR?id=3101http://www.davy.ie/LR?id=3100Gobain Group: Results as expected as momentum slows in second half; stock looks very much up with events after recent gainsFlor O'Donoghue/Robert Gardiner/Tim Cahill/Barry DixonMon, 20 Feb 2012 07:21:28 +0000http://www.davy.ie/LR?id=3100http://www.davy.ie/LR?id=3099Positive news on the US economy buoys markets as Greek negotiations press onDavy ResearchFri, 17 Feb 2012 08:20:52 +0000http://www.davy.ie/LR?id=3099http://www.davy.ie/LR?id=3098US construction continues its resurgence; Vulcan disposal programme an opportunity for CRHDavy ResearchFri, 17 Feb 2012 08:20:51 +0000http://www.davy.ie/LR?id=3098http://www.davy.ie/LR?id=30972011 results in-line; unlikely to be significant changes to headline forecastsDavy ResearchFri, 17 Feb 2012 08:20:49 +0000http://www.davy.ie/LR?id=3097http://www.davy.ie/LR?id=3096Q4 results ahead, driven by Western Europe and North America; outlook cautiousDavy ResearchFri, 17 Feb 2012 08:20:48 +0000http://www.davy.ie/LR?id=3096http://www.davy.ie/LR?id=3095Leading Irish competitor enters examinershipDavy ResearchFri, 17 Feb 2012 08:20:46 +0000http://www.davy.ie/LR?id=3095http://www.davy.ie/LR?id=3094English housing starts improve in Q4 but remain significantly below the long-term averageDavy ResearchFri, 17 Feb 2012 08:20:45 +0000http://www.davy.ie/LR?id=3094http://www.davy.ie/LR?id=3093FY results in line with Davy estimatesDavy ResearchFri, 17 Feb 2012 08:20:43 +0000http://www.davy.ie/LR?id=3093http://www.davy.ie/LR?id=3092Releases operational updateDavy ResearchFri, 17 Feb 2012 08:20:42 +0000http://www.davy.ie/LR?id=3092http://www.davy.ie/LR?id=3091GNC reports very strong growthDavy ResearchFri, 17 Feb 2012 08:20:40 +0000http://www.davy.ie/LR?id=3091http://www.davy.ie/LR?id=3090US bakery PPI rose 4.5% year-on-year in JanuaryDavy ResearchFri, 17 Feb 2012 08:20:38 +0000http://www.davy.ie/LR?id=3090http://www.davy.ie/LR?id=3089EIB provides SME facilities Davy ResearchFri, 17 Feb 2012 08:20:34 +0000http://www.davy.ie/LR?id=3089http://www.davy.ie/LR?id=3088Increasing forecasts after Q3 results; April price negotiations key to profitability improvement; reiterate ''outperform'' ratingTim Cahill/Killian MurphyThu, 16 Feb 2012 09:05:48 +0000http://www.davy.ie/LR?id=3088http://www.davy.ie/LR?id=3087Greek negotiations weighing on market sentimentDavy ResearchThu, 16 Feb 2012 08:25:59 +0000http://www.davy.ie/LR?id=3087http://www.davy.ie/LR?id=3086Early company updates point to solid Q4; little by way of 2012 outlook; Lafarge to report Q4 results on February 17th Davy ResearchThu, 16 Feb 2012 08:25:58 +0000http://www.davy.ie/LR?id=3086http://www.davy.ie/LR?id=3085Owens-Corning misses Q4 expectations; stock falls 6.3%Davy ResearchThu, 16 Feb 2012 08:25:56 +0000http://www.davy.ie/LR?id=3085http://www.davy.ie/LR?id=3084Takes full ownership on Pipelife; deal multiples look attractive; important transaction but without overly extending balance sheetDavy ResearchThu, 16 Feb 2012 08:25:55 +0000http://www.davy.ie/LR?id=3084http://www.davy.ie/LR?id=3083Kingfisher adjusted pre-tax profits for financial year to meet expectations; Q4 sales trend indicates UK remains weak but France strongDavy ResearchThu, 16 Feb 2012 08:25:53 +0000http://www.davy.ie/LR?id=3083