Davy | Business Post

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

British weapons dealer sells Irish houses to Davy investment fund

BAE systems made €2.4m profit by divesting itself of 43 second-hand Irish homes less than a year after buying them

Finance official leaked confidential Siteserv sale details while at Davy

A list of bidders for Siteserv was disclosed by Des Carville – now a senior civil servant in the Department of Finance – to a corporate finance consultant, who passed on the information that would ultimately alert Denis O’Brien to the sale

Bank of Ireland profits dip amid economic uncertainty

Bulk of the decrease was driven by a €46 million impairment charge taken by the bank

Analysts to review next year’s forecasts for Grafton Group

The hardware business’s revenue for the first half of 2022 is up but the general macro-economic situation is uncertain, according to Davy Stockbrokers

Bank of Ireland completes €593m acquisition of Davy stockbrokers

The final sale price of the embattled stockbroking firm is slightly lower than the €605 million price tag originally announced last July

Francesca McDonagh leaves mixed legacy at Bank of Ireland as she heads for Credit Suisse

Outgoing chief executive’s performance examined under six key headings

Davy shelling out bumper prices for houses already leased to Limerick Council

Several investors have flipped properties to the fund at double what they paid for them a year previously, following social housing lease agreement

Foot Locker accused of using ‘economic muscle’ to avoid paying rent

Sportswear retailer tries to overturn High Court order in first Court of Appeal hearing of pandemic-related rent ruling in Ireland

Davy fails in application to force developer to provide further details of alleged fraud against firm

Judge says he is satisfied that pleadings in place ‘go significantly beyond mere assertion of a fraud against Davy’ in relation to Anglo bond deal in 2014