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Michael O'Flynn, the Chairman of the O'Flynn Group

Building 93,000 homes a year 'not immediately doable'

A former member of the Irish Housing Commission has said that building 93,000 homes a year to meet demand between now and 2031 is "not immediately doable".

Business • 10 Feb

Davy says the housing shortfall in the country is 230,000 homes

Ireland needs to build 93,000 homes a year up to 2031

Ireland will need to build 93,000 homes a year meet demand between now and 2031, according to a report by stockbroker Davy.

Business • 05 Feb

Davy has predicted economic growth (GNI*) of 4.5% in 2024 and 4.3% in 2025 from an estimated 3% growth rate in 2023

Davy predicts strong economic growth for 2024

Stockbrokers Davy said today it is expecting a broad-based acceleration of economic growth (GNI*) to 4.5% in 2024 and 4.3% in 2025 from an estimated 3% growth rate in 2023.

Business • 19 Jun 24

Vincent Crowley is Davy's new non-executive Chairman

Davy names Crowley as new chairman

Davy Stockbrokers has appointed Vincent Crowley as its non-executive Chairman, replacing John Corrigan, who had previously signalled his intention to step down.

Business • 16 Dec 22

Davy had assets under management of about €20 billion at the end of 2021

Bank of Ireland completes purchase of Davy

Bank of Ireland said today it has completed its €427m deal for J&E Davy Stockbrokers, which was first announced last July.

Business • 01 Jun 22

In July Davy announced it was to be sold in a three part deal

Bank of Ireland's takeover of Davy divisions cleared

Bank of Ireland's takeover of the capital markets and wealth management divisions of Davy stockbrokers has been cleared by the Competition and Consumer Protection Authority.

Business • 06 Dec 21

Global professional services firm Alvarez & Marsal has conducted a 'comprehensive review' of Davy Stockbrokers

Davy review finds no more breaches of market rules

Global professional services firm Alvarez & Marsal said that as part of a "comprehensive review" of Davy Stockbrokers it did not identify any instances of staff dealing that were similar to the transaction that resulted in a record Central Bank fine in March.

Business • 22 Jul 21

Man sues Davy and 16 involved in controversial deal

The businessman, whose legal case against stockbroker Davy six years ago brought about a Central Bank probe into the firm, has instigated further legal action against the company and a group of 16 of its former employees.

Business • 28 Apr 21

The Financial Services Union has called on Bank of Ireland to reconsider its position on branch closures

Bank of Ireland chief says bank may look at Davy

The chief executive of Bank of Ireland has said that the bank may look at embattled stockbroker Davy which has been put up for sale.

Business • 23 Mar 21

Derville Rowland, Director General of Financial Conduct with the Central Bank

Central Bank says firms must 'set the right standards'

The stockbroker Davy need only look in the mirror when it asks itself how things went so catastrophically wrong, the Director General of Financial Conduct at the Central Bank has said.

Business • 16 Mar 21

Where next for Davy?

If a week is a long time in politics, a fortnight is an eternity in the world of stockbroking.

Business • 14 Mar 21

Bernard Byrne made the comments in a letter to client

Davy's interim CEO apologises to clients

The interim chief executive of embattled stockbroker Davy has written to clients to offer an "unreserved and unequivocal" apology for the events that led to a recent fine of €4.1m from the Central Bank.

Business • 16 Mar 21

Davy closed its bond desk earlier this week after it was dropped as a primary dealer in Irish government bonds

No comment from Davy or BoI on approach report

Both Bank of Ireland and Davy have declined to comment on a report that the bank has made an exploratory approach to the embattled stockbroker about the possibility of buying it.

Business • 10 Mar 21

Senior Central Bank officials addressed the Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Q&A: What is going on with Davy?

Economics Correspondent Robert Shortt looks at the controversy surrounding Davy Stockbrokers after it was fined €4.13m for breaching market rules.

Business • 09 Mar 21

Davy was €4.13m for breaching market rules in relation to a transaction in November 2014

Davy executives urged to reveal 'full truth' over deal

Fianna Fáil TD and Chairman of the Oireachtas finance committee John McGuinness has said the Central Bank has all the answers on Davy stockbrokers but it is restricted by legislation as to what it can say to the committee.

Business • 07 Mar 21

The company said all three offered to step down following the recent fine by the Central Bank of Ireland arising from a 2014 bond transaction

Three senior executives at Davy resign over bond deal

Stockbroker Davy has announced that three senior executives, including CEO Brian McKiernan, have resigned from their roles following the recent fine by the Central Bank arising from a 2014 bond transaction.

Business • 08 Mar 21

The Central Bank yesterday fined Davy €4.13m for breaching market rules in relation to a transaction involving the broker's own staff

Davy apologises: 'deeply regrets shortcomings'

The Board of Davy has issued a public statement in response to yesterday's €4.13million fine by the Central Bank for breaking market rules on conflicts of interest.

Business • 03 Mar 21

The Davy transaction in question took place in November 2014 (Pic: RollingNews.ie)

Central Bank fines Davy €4.1m for breaking market rules

The Central Bank has fined stockbroker Davy €4.13m for breaching market rules in relation to a transaction involving the broker's own staff.

Business • 02 Mar 21

Dublin saw a 0.3% increase in August while the rest of the country saw asking price inflation of 1.5%, today's figures show

Asking house price inflation up 1.2% in August

Annual house price inflation has risen by over 1% despite the impact of Covid-19 on the market, according to new analysis from property website MyHome.ie and Davy Stockbrokers.

Business • 28 Aug 20

Davy Stockbrokers