Page 7 - Davy Group News Today

Daily booking volumes recorded by Skyscanner for flights to the Atlantic archipelago jumped by 625% on Friday after Portugal became the only major European “sun and sand” destination for which self-isolation would not be necessary on a return for people in England. With the country now hoping to welcome tourists back from next week, the Portuguese government is expected to outline its plan for the reactivation of the sector on Thursday. Other figures provided to the Guardian by Skysca...

Former Davy Group chief executive Tony Garry has resigned as chairman and director of BES Management, a joint venture between Davy and BDO for managing investments under the Employment and Investment Incentive Scheme (EIIS). He departed the board of the company on March 8, just six days after Davy was fined €4.13m and reprimanded by the Central Bank for a controversial 2014 bond deal in which he participated. His resignation was confirmed by a spokesperson for BES. The news follows his depart...

Davy Group’s ultimate sale price is likely to be far below its estimated value before the fallout from a bond scandal sent the company into a tailspin over the last two weeks.

How early is too early for the first meeting of the day? If you ask someone on the trading floor, it might be anything before 7am. - Salespeople and traders usually have their morning meeting at 7.30am after arriving in the office at 6.30am. If you ask juniors in the investment banking division whove been working late the night before, it might be anything before 8.30am. But if you ask consultants at Big Four firms, its not clear what constitutes a reasonable hour for the very first Zoom ca...

UPDATE: Irish Treasury pulls authority for Davy to be primary dealer Tue, 9th Mar 2021 06:57 (Alliance News) - The Irish Treasury on Monday said it has withdrawn J&E Davys authority to act as a primary dealer in Irish government bond auctions, effective immediately. The action follows the announcement early last week by the Irish central bank that it had fined Irelands largest stockbroker EUR4.1 million over a bond deal in which a group of staff and executives took the opposite side of a client...

Why the Davy story is Groundhog Day for the financial sector Updated / Tuesday, 9 Mar 2021 14:30 The Davy Group HQ in Dublin where the companys slogan "its not just business, its personal" can be seen in the window. Photo: Artur Widak/NurPhoto via Getty Images Opinion: can anything can be done to prevent this type of opportunistic conduct and misbehaviour in banking and finance? The news that the Central Bank of Ireland had reprimanded and fined the Davy Group for regulatory breaches will not...

Mon, 8th Mar 2021 08:23 (Alliance News) - Equiniti Group on Monday said it has agreed to sell the EQi direct-to-consumer business of Equiniti Financial Services to interactive investor for GBP48.5 million. Equiniti said the sale of the business to ii, already one of the largest share trading platforms in the UK, is expected be completed by the summer. It will receive GBP47.5 million in cash on completion and up to a further GBP1.0 million contingent on the timing of migrating customers onto the...

Irish Times has removed the logo from its podcast already. Davy has had a relationship with the National Yacht Club since June 2018, when the firm sponsored the club’s regatta with Irish and British Lions rugby player Paul Wallace on hand for the announcement. The company sponsors the junior regatta annually and the senior regatta every second year, keeping its brand visible to the club’s 1,000 well-heeled members. Davy started a three-year sponsorship deal with the NCH in April 2019 as its...

PRESS: Davy CEO steps down over after fine for bond deal - FT | Financial News

Three senior Davy figures have resigned from the financial services firm days after the Central Bank issued it with a €4.13m fine.