Equity Analysis

Ruff Patch for Pets at Home

Pets at Home hasn't had a disastrous year, but it has had a revealing one. The company remains Britain's dominant pet-care chain, with a fast-growing vets arm and a large base of loyal customers. But...

Crédit Agricole: Upgrading LCL growth ambitions

Significant news CASA's workshop upgraded LCL's 2025-2028 financial targets, lifting revenue CAGR ambitions to 5% while maintaining a sub-60% C/I ratio and above-13% RONE target. Management expects...

Paccar, Inc. : Built for the Trough

PACCAR traces its origins to January 25, 1905, when William Pigott Sr. founded the Seattle Car Manufacturing Company to build railway and logging equipment - pivoting to trucks only after a 1917...

Auto Trader Group: A Near-Monopoly Caught in the AI Crossfire

Artificial intelligence has been the defining theme driving market trends over the past few quarters.

Porsche caught between luxury and industry

Long perceived as the German Ferrari, Porsche is currently navigating a more challenging phase. While it remains one of the world's most powerful automotive brands, the market is questioning its...

Schindler: The post-restructuring moment of truth

The recovery from the crisis has proven more painful than anticipated for Schindler. Despite the weakness of its historical market and heavy restructuring costs, the company has nevertheless returned...

Kingfisher: Q1 Trading: A decent start to FY26/27; tricky times ahead

Earnings/Sales releasesKingfisher's Q1 FY26/27 performance was broadly in line, with group LFL sales down 0.9% yoy. Strong trade momentum at Screwfix cushioned weather-driven weakness at B&Q ....

Grifols' Insatiable Appetite

Grifols' stockmarket history has indeed been a rollercoaster. The laboratory remains under constant pressure from heavy debt and has faced repeated assaults from short sellers. In this context,...

Alibaba Health is Winning Battles but Losing the War

Even with bulletproof balance sheets and a captive digital audience, Alibaba Health Information Technology Limited is trading at a discount as investors lose faith in its growth plans.

Ansell Transforms Steady Revenue into Strong Earnings

Ansell Limited is riding a steady safety-driven demand wave, although its recent performance is more reliant on pricing and efficiency rather than real volume growth. The stock is up, but still below...

British Telecom Operator BT liked by Market once again

After seemingly leaving it for a dead duck, the market has suddenly rediscovered its appetite for the UK's incumbent telecommunications operator.

Astra's Cracking Under Saudi Arabia's Softening Industrial Scene

Astra Industrial Group is caught right in the middle of a squeeze, trying to turn a cooling economy into cold, hard cash.

Is Mphasis' AI Pivot Just Hype?

Mphasis Limited is navigating a tricky transition, where steady financial performance meets a softening share trajectory. Is their bet on AI-led deals enough to drive growth, or are investors still...

Codan Rally Strong, but Sustainability Doubtful

Codan sells a nice growth story, but it's not new. Its business of communications and metal detection sounds safe and diversified, yet earnings still depend on cycles, contracts and timing.

Under Armour shareholders carry more weight than its earnings

The case of the sportswear brand favored by fitness enthusiasts illustrates the difficulty of investing in the fashion and apparel sector.

Burberry: The hardest part is yet to come

Britain's iconic luxury brand has posted mixed FY 2026 results.

Richemont: When jewels outshine headwinds

Earnings/Sales releases Richemont delivered FY25/26 with impressive top-line momentum but slightly softer profitability. Sales maintained double-digit growth with Q4 accelerating to 13%, driven by...

Swiss Life Holding: Swiss Life 1Q26: Robust fee growth and a bolt-on in Germany

Significant news Swiss Life reported a solid set of figures for 1Q26, reflecting continued positive commercial momentum across the group, though adverse Market movements weighed on the financial...

Richemont again leads the rest

It has been another successful year for Richemont, which has been spared by the ebbing tide currently affecting the luxury sector.