BP Exclusive Goodbody facing job losses as stock exchange exodus growsSmurfit Kappa is the latest company to indicate it will leave the Dublin stock exchange, putting more pressure on capital markets side of industry
Banking 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
Banking Senior Davy executive departs board role at company suing stockbrokers parent Bank of IrelandPat 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
Banking New chief financial officer from Bank of Ireland gives Davy gender balance on management teamTransition 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
Legal 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
Companies Shake-up of top team at Davy as Bank of Ireland takes overAfter €593m takeover of stockbroker, staff shake-up is seen as attempt to gain a toehold at the firm
Legal Cost of Davy settlement over Anglo bond deal could exceed €3m“Well done to you all,” judge says as case reaches settlement
Companies Unio aims for over €20bn in assets over next five yearsThe new wealth management business formed by Irish Life following the merger of three of its subsidiaries was unveiled last week
Banking ECB likely to hike interest rates again despite market nervousnessAnalysts predict the bank will continue its efforts to control inflation by raising rates despite global fears about the stability of the sector
Companies 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
Banking AIB senior bankers get FSU help for Goodbody transferFinancial Services Union to aid executives with contracts and pension arrangements following bank’s acquisition of stockbroking firm
Banking Bank of Ireland reaches pension deal with senior bankers moving to DavyTwenty 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
Housing Number of new homes started falls by double digits as building slowsThe 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
Banking Bank of Ireland on a high, but now analysts wait to see what O’Grady saysChief 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 Housing completions to drop 8% in 2023, falling short of government target, analysts sayDavy predicts 27,500 home completions this year – even as the government targets 29,000
Economics Ireland’s economic growth could be double previous estimates – DavyStockbroker says Europe could avoid a recession as ‘global outlook looks a little less challenging’ than before
Legal Judge amends O’Connor judgment in Davy 16 caseTony O’Connor was incorrectly named as being present at meetings in a Dublin hotel where alleged fraudulent misrepresentation took place
Banking Senior bankers turn to union as negotiations over move to Davy stallIt 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
Legal Judge cites possible ‘clandestine activity’ as ex-Davy executives lose court challengePaddy 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