Kerry Co-op drops Davy as broker of choice after probe
After the Central Bank’s investigation into Davy bond deal, co-op approached Goodbody to handle placement of shares on market
Kerry Co-op, the farmer-controlled investment company which holds 12 per cent of the shares in Kerry Group, has dropped Davy Stockbrokers as its broker of choice following the Central Bank of Ireland investigation earlier this year that resulted in the stockbroking firm being fined €4.1 million.
Last Thursday, Kerry Co-op sold just over €77 million worth of Kerry Group shares on the open market through Goodbody stockbrokers, which is a major change for the farmer co-op...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Kerry Group’s steady results signal global bounceback
The company has announced the sale of some of Ireland’s oldest food brands, such as Denny and Galtee, to US food giant Pilgrim’s Pride
Kinney boosts stake in Irish Ferries parent group by €9m
The low-profile Chicago-based investor’s firm, Kinney Asset Management, now holds €60 million-worth of shares in Irish Continental Group
Revenues at Virgin Media grow 3% to €224 million in first half of 2020
Data use across the company’s network almost double as internet played a key role in remote working, education and entertainment during pandemic while TV subscriptions also increased