Net assets at Davy up by €43m in one year as broker expands

Davy, the country’s biggest stockbroker, saw its net assets jump by more than a third last year.

The firm doesn’t disclose its full financial statements, but according to a balance sheet published on its website in recent days, its net assets rose to €170 million at the end of 2014, up from €127 million at the end of the previous year.

The statement also showed that Davy’s had retained profits of €148 million ...