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Davy Morning Equity Briefing - 08 September 2010
MARKET COMMENT
Consumer confidence edges back in August as Irish 10-year bond yields drift to 6% More
CONSTRUCTION AND BUILDING MATERIALS
Construction and Housebuilding Highway construction falls 22% in July as state and local budgets decline; confirms CRH's more cautious outlook; latest stimulus proposal seen as largely political More
Barratt Developments plc FY results comfortably ahead; outlook predictably cautious More
Berkeley Group Issues trading statement More
Construction and Housebuilding Outlook for US non-residential remains weak based on evidence from NCI Building Systems More
Construction and Housebuilding Cement prices starting to rise in southern India More
FINANCIALS
Banks Extension of guarantee to allow banks to focus on term funding effort More
Bank of Ireland Exchange offer for LT2 debt offers modest capital generation More
RECRUITMENT
CPL Resources Ends financial year in strong cash position; turns the corner on profit growth More
PHARMA AND HEALTHCARE
United Drug Re-financing through new banking facility and US dollar private placement More
AGI Therapeutics Interim results More
RESOURCES AND ENVIRONMENT
Dana Petroleum Plc Buys more North Sea assets from Petro Canada More

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Davy is regulated by the Financial Regulator and is a member of the Irish Stock Exchange, the London Stock Exchange and Euronext. Davy is authorised by the Irish Financial Regulator and regulated by the Financial Services Authority for the conduct of business in the UK. All prices as of close of previous trading day unless otherwise indicated. All authors are Research Analysts unless otherwise stated. For the attention of US clients of Davy Securities, this third-party research report has been produced by our affiliate, J & E Davy.

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