RBC Capital Markets
May 27, 2026
UK and European Research at a Glance
Daily UpdateEquitiesMacro Economic IndicatorsConsumer StaplesIndustrials
RBC provides a research digest featuring an upgrade for Cranswick plc and a positive update on the marine sector via Alfa Laval. The report also highlights key takeaways from a European Energy management tour.
Key Takeaways
- 1.Cranswick plc upgraded to Outperform following site visits and strong FY26 delivery; vertical integration is cited as a durable competitive advantage.
- 2.The Marine sector is seeing an acceleration in vessel contracting, leading to an increased 2026 estimate for global shipyard output and beneficiaries like Alfa Laval.
- 3.RBC recently concluded its 3rd Annual European Energy Tour, meeting with majors like Shell, BP, and Equinor to discuss developments in a volatile macro environment.
Table of Contents
- Rating Revisions
- Company Comments
- Industry Comments
- Quick Takes
- Disclaimer
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Authors
Ross BroadfootSebastian KuenneBiraj Borkhataria
Securities
CWKALFABPLNRACEUBS GROUP AG
Themes
Vertical Integration as a MoatMarine Sector Super-cycle
Regions
UKEuropeUnited KingdomSwedenItaly