Analysis: Stocks

Elior: Time lags or structural difficulty?

Earnings/sales releases Elior's H1 figures missed consensus and triggered a severe FY guidance downgrade, primarily reflecting lagging effects in converting recent contract wins into revenue,...

Mitchells & Butlers: Softer trading momentum weighs on outlook

Earnings/Sales releases Mitchells & Butlers delivered a softer-than-expected H1 FY2025/26 performance, with slowing Q2 sales momentum and weaker drinks demand weighing on earnings. While temporary...

Ubisoft Entertainment: 2026/27 will likely be another lost fiscal year for Ubisoft's shareholders.

EARNINGS/SALES RELEASESDespite higher net bookings in Q4 25 than implied by the company’s guidance , Ubisoft’s revenues and non-operating EBIT in 2025/26 were in line with our estimates, but net...

Altius Gambles its Balance Sheet on Lithium

Altius Minerals Corporation is trying to skate over Canada's massive critical mineral funding gaps by collecting royal checks instead of running risky mines. But can the company's balance sheet handle...

Can Marico's Premium Price Survive Squeezed Margins?

Marico Limited is riding a demand wave. Growth is coming from multiple segments, including international markets, yet rising costs and aggressive reinvestment are quietly testing how much of that...

Stabilizing strategic businesses

Significant news Share prices of SES and Eutelsat are up by +6% and +10% respectively as we write despite YTD returns of 56% and 83%. This has been given an extra boost by today's SpaceX IPO...

BT's fibre bet starts to throw off cash

Revenue fell, debt stayed heavy and competition remains uncomfortable. Yet the company is beginning to show what investors have long been promised: that years of expensive fibre investment may...

Can Bayer Still Recover?

Since the acquisition of Monsanto, the group has lived under the pressure of glyphosate-related litigation, high debt, and market mistrust. However, the start of 2026 has seen some improvements, which...

Has the Market Already Priced in Everything for Hensoldt?

Hensoldt shares have started the year on the wrong footing and it should be said that its stretched valuation leaves no leeway. Faced with a surging order book, although weighed on by a heavier...

Steyr Motors AG: Q1 Pressured by Conflict-Related Delayed Orders, FY26 Guidance Confirmed, Buy Recommmendation reiterated

Earnings/Sales releases Steyr Motors reported a subdued Q1 performance, impacted by order delays due to the Middle East conflict. The group reaffirmed its FY26 guidance, anticipating the completion of...

Marks & Spencer: Reinvesting after the shock

Earnings/Sales releases M&S delivered FY25/26 revenue slightly below consensus, with the Fashion, Home & Beauty business still affected by the cyber incident. However, pre-tax profit was above...

Euronext NV: Q1: Momentum acceleration helped by heightened market volatility

Earnings/Sales releases Euronext delivered an excellent Q1-26, with revenue and pre-tax income beating consensus by 3% and 7% respectively. Growth was driven by a 28% jump in Equity Markets amid...

Bekaert: 1Q26: Benefiting from electrification trends in the US

Earnings/Sales releases There is growing concern regarding the competitive environment in China for RR. However, we understand that Bekaert's competitive advantage remains intact. The positive...

Dr Martens Not Out of the Woods Yet

Mixed annual results for the iconic British footwear brand.

Buzzi: Q1 & AGM: Sales slip 1.2% as Europe weather offsets US strength

Earnings/Sales releases Buzzi's Q1 2026 print mirrors 2025 in reverse: scope effects lifted volumes while organic trends softened. Net sales fell 1.2% to €960.3m from €972.2m, with a €36.6m...

Avio regains its footing

After a prolonged stagnation on the stock market, capital is flowing back into Avio. Indeed, Indeed, enthusiasm is almost excessive, given that the company's valuation currently appears stretched....

Can CK Hutchison's Retail Cash Machine Outrun Geopolitical Conflicts?

With the Middle East conflict now choking vital shipping lanes, the company is about to find out if its corporate safety net can survive a direct hit.

Richelieu Fails to Spark Excitement Despite Growth

Richelieu Hardware is a consistent long-term performer with steady sales, driven by a wide product range and regular acquisitions, although growth depends heavily on housing and renovation cycles...

Disco Corporation is Grinding Through the AI Gold Rush

Disco Corporation has ridden the current semiconductor wave confidently, as AI-led chipmaking lifts both its sales and investor attention. However, beneath the momentum, the question is how long this...