Capital Goods U.K. Community

Rolls-Royce looks like a very different business than it was a few years ago: it’s making solid profits again, cleaning up its finances, and returning cash to shareholders. The big question is whether steady income from servicing jet engines and growing demand from data centres can outweigh the risk that recent profit levels cool off.Read more

A lesser-known battery maker is betting that the world’s power grids will need storage that lasts longer and avoids the safety worries tied to common lithium batteries. It’s cutting costs and lining up partners and policy tailwinds, but its biggest challenge may be securing the key material it relies on.Read more

Update as of 13 May: Amidst the tariff chaos and thus increased uncertainty about underlying growth trends, and after Balfour's recent quarterly report, I lowered exp. revenue growth to 12 per cent p.a., increased profit margins just a notch to 3.5 per cent and reduced the discount rate slightly to 9 per cent, still resulting in a fair value close to 600p.Read more

Babcock’s strong contract delivery and improving cash flow could unlock more work on long-term defense programmes and give it room to expand through new global partnerships. But the business can still be hit by stop-start ordering, project timing surprises, and cost pressure that may squeeze results if big contracts don’t run smoothly.Read more

Volex is leaning into fast-growing areas like electric vehicles and medical devices, helped by new factories and a growing list of customers, including a major EV partner. The upside depends on smooth integration of recent deals and how well it navigates shifting costs, politics, and demand in key end markets.Read more

Speedy Hire is betting that smarter tech and cleaner equipment can help it win more work from big building projects and climate-driven upgrades, while charging better prices along the way. The bigger upside comes from new specialist services that could make the business less tied to construction booms and busts—but only if shifting building methods and tougher rules don’t shrink demand.Read more

Norcros is betting on new bathroom furniture and more eco-friendly products to win customers as tastes shift, while a leaner logistics setup could help it run more efficiently. The bigger question is whether shaky conditions and supply chain exposure—especially in South Africa and through overseas suppliers—could disrupt that progress.Read more

Bunzl is trying to fix a misfiring North American operation by giving local teams more control, while leaning on new in-house product lines and bolt-on deals to lift results. The upside comes from steady demand for everyday health, hygiene, and safety supplies, but the story hinges on whether margins can recover without relying too heavily on acquisitions.Read more

Morgan Sindall is riding a wave of public spending and a swelling pipeline of big UK building projects, but the market may already be assuming the good news will arrive smoothly. If planning delays, policy shifts, or cooler housing demand hit at the wrong time, the same long projects that boost confidence could turn into a drag.Read more