Davy | Business Post

Goodbody facing job losses as stock exchange exodus grows

Smurfit Kappa is the latest company to indicate it will leave the Dublin stock exchange, putting more pressure on capital markets side of industry

Big three banks set to make over €5 billion in combined profits

Thanks to the series of interest rate hikes by the ECB, both AIB and Bank of Ireland are set to report their highest ever profits – slightly more than in the Celtic Tiger era

Senior Davy executive departs board role at company suing stockbrokers parent Bank of Ireland

Pat Cooney, the head of wealth management at Davy and one of the most senior executives in the firm, resigned from the board of Ailmount Investments at the end of July

New chief financial officer from Bank of Ireland gives Davy gender balance on management team

Transition of Karena O’Sullivan from Bank of Ireland is viewed by industry sources as an attempt by the bank to gain a toehold in the operational running of the firm

Ex-Davy shareholders sue Bank of Ireland in deal dispute

It comes two years after the bank bought the stockbroker in a deal reported to be worth up to €605 million

Shake-up of top team at Davy as Bank of Ireland takes over

After €593m takeover of stockbroker, staff shake-up is seen as attempt to gain a toehold at the firm

Cost of Davy settlement over Anglo bond deal could exceed €3m

“Well done to you all,” judge says as case reaches settlement

Unio aims for over €20bn in assets over next five years

The new wealth management business formed by Irish Life following the merger of three of its subsidiaries was unveiled last week

ECB likely to hike interest rates again despite market nervousness

Analysts predict the bank will continue its efforts to control inflation by raising rates despite global fears about the stability of the sector

Financial advisory firm Metis Ireland buys Davy out of stake in company

Firm now wholly owned by board members and senior management, including Carl Widger and former Dublin GAA footballer Paddy Andrews

AIB senior bankers get FSU help for Goodbody transfer

Financial Services Union to aid executives with contracts and pension arrangements following bank’s acquisition of stockbroking firm

Bank of Ireland reaches pension deal with senior bankers moving to Davy

Twenty private client managers will be compensated for giving up their defined benefit pension entitlements as part of the transfer to stockbrokers Davy, which Bank of Ireland acquired last year

Number of new homes started falls by double digits as building slows

The building slowdown was most pronounced in the second half of 2022, with 12,800 units commenced, a 16 per cent fall from the same period in 2021

Bank of Ireland on a high, but now analysts wait to see what O’Grady says

Chief executive Myles O’Grady will be facing pressure from investors to increase dividends to shareholders – and will also be looking to cut costs, boost the bank’s green credentials and improve the gender balance of the leadership team

Housing completions to drop 8% in 2023, falling short of government target, analysts say

Davy predicts 27,500 home completions this year – even as the government targets 29,000

Ireland’s economic growth could be double previous estimates – Davy

Stockbroker says Europe could avoid a recession as ‘global outlook looks a little less challenging’ than before

Judge amends O’Connor judgment in Davy 16 case

Tony O’Connor was incorrectly named as being present at meetings in a Dublin hotel where alleged fraudulent misrepresentation took place

Senior bankers turn to union as negotiations over move to Davy stall

It is understood that Bank of Ireland plans to transfer up to 30 private client managers from its in-house wealth management unit to Davy, but the move is not going smoothly

Judge cites possible ‘clandestine activity’ as ex-Davy executives lose court challenge

Paddy Kearney, a Northern Ireland developer, is suing Davy and 16 former executives at the stockbroker

Gender Equality

Gender pay gap reports should motivate firms to change, says union

‘The biggest motivator for companies is the damage that can be done to their brands,’ says Laura Bambrick of Ictu