CRH – NAHB index falls by biggest amount in history
The National Association of Home Builders (NAHB) index for February was released yesterday and posted the biggest one month decline in its history, since record keeping began in 1985. The home ...
CRH – Lafarge Q4 results largely meet forecasts with net income posting a small beat
Lafarge posted Q4 and 2013 full year results this morning, largely meeting consensus forecasts with some outperformance achieved at a net income level. Revenue for the quarter amounted to €3.71 billion ...
CRH – US Architectural Billings Index increased above 50 in January
The US Architectural Billings Index (ABI) increased to 50.4 in January (December: 48.5) increasing above the key marker of expansion versus contraction, that is the 50 level. The ABI is a ...
Aer Lingus – Company provides pension update while e140 million top up like to remain adequate
Aer Lingus provided a pensions update yesterday in response to a letter from the Trustee of the Irish Airlines Superannuation Scheme. The proposed draft funding proposal from the trustee includes a ...
Independent News & Media – APN stake to reduce through non~participation in proposed equity issue
APN News & Media last night announced that the company is to acquire the 50% of its Australian and New Zealand radio assets that the company does not all ready own. ...
Banks research – AT 1 fell swoop
Banks research – AT 1 fell swoop We expect European banks to have strong regulatory and economic incentives to issue loss absorbing Additional Tier one (AT1) debt in coming years. Given ...
Dragon Oil – FY 2013 results in line, reduction in Brent discount positive
Dragon Oil released its FY 2013 results earlier. Production figures were released with the trading update earlier this year. Financial results were largely in line. With the outlook largely unchanged, the ...
Irish Banks – Ulster Bank to remain committed to Ireland following RBS review
Today’s Irish Examiner reports that the RBS company-wide review (to be published next Thursday, 27 February) will recommend the closure of additional Ulster bank branches and to move further head office ...
DCC – Mild weather leads to profit warning although acquisition spending moves higher boosting medium term earnings profile
DCC have issued an IMS this morning in which management have reduced their guidance in terms of operating profit and earnings per share guidance for the full year period. Management are ...
Fixed income update
Fixed income update for February 2014. Disclaimer: www.merrion-capital.com/disclaimer Merrion Stockbrokers Limited (registration no. 307878) is a limited liability company whose registered office is at Block C, The Sweepstakes Centre, Ballsbridge, ...