Industrials & Support Services

Industrials Research

Industrials is a broad, international sector consisting of around six sub-sectors across nearly every geographic region. 

We therefore try to take a holistic approach to our research, with waterfront coverage of the UK listed stocks seen as a starting point. In addition, we monitor a large number of international companies which gives us valuable read across, and enables us to put UK equity stories into wider context in a way that differentiates us from our peers. We pride ourselves on our long-standing relationships with companies and management teams across the sector, and being able to bridge the gap between them and the international investor base.

Harry Philips joined Peel Hunt in 2016 from Canaccord Genuity having spent much of his career at Panmure Gordon and Evolution. He has covered UK Industrials since 1988 and has been consistently highly ranked in surveys. He has a degree in Politics from Reading University.

Lauren Baker Iguaz joined the industrials team at Peel Hunt in January 2023. Prior to joining, Lauren worked as a Research Associate at Arden Partners. Before working in equity research, Lauren had nearly 4 years of investment consulting experience. She graduated from the University of Warwick with a BSc Hons in Mathematics, Operational Research, Statistics and Economics. She is currently studying to become a CFA charterholder.

Support Services Research

Support Services is a diverse sector offering a wide range of investment propositions and business models.

Although there are some recognisable subsectors, we highlight the importance of detailed ‘bottom-up’ company analysis. In particular, the requirement for rigorous evaluation of management, corporate strategies and financial strength. We further differentiate our insight through working with our valued Peel Hunt colleagues given Support Services companies often rely on the fortunes of a range of end markets. As trained accountants, we also take particular pride in helping investors navigate often highly complex financial statements. The sector devil is often in the detail. Overall we consider that our breadth of coverage, long-term experience and conviction-led approach provide unique insight to both investors and corporates.  

Clyde Lewis leads our coverage of the sector. He has over 32 years’ experience as an equity analyst including 25 years covering the Building sector. He headed up the building team at both Citigroup and HSBC and has been consistently highly ranked in surveys. He has an Economics degree from Bath University and joined Peel Hunt in 2013. He is also Deputy Head of Research.

Andrew Nussey joined Peel Hunt in 2008 and has over 25 years of experience in Equity Research including Head of Support Services Research at Deutsche Bank. He continues to be consistently ranked in all major investor surveys. Andrew holds an honours degree in Accounting from Aberdeen University. 

Christopher Bamberry joined Peel Hunt in 2010 and has over 26 years of equity market experience. Prior to Peel Hunt, Chris spent eight years as an Investment Director at Scottish Widows managing UK focused Small & Mid Cap funds, which gives him a deep understanding of the client perspective and their requirements. Chris also spent three years with Deutsche Bank where he was part of their Top 3 rated sector research team. He continues to be consistently ranked in all major investor surveys and his research has been recognised in the number one bestseller ‘The Signs Were There’ (2018). Chris read Law at Edinburgh University (LL.B Hons) and is a qualified Chartered Accountant (CA).