The trouble with stock picking: why the funds that control 90% of assets at Davy GFM underperform their benchmarks
Davy Global Funds Management oversees €1.8 billion in clients' assets. A detailed look at its funds' performance shows they have consistently failed to beat their benchmarks since 2015.
6th Nov, 2020 - 11 min read
AIB and Bank of Ireland look to be through the worst of Covid. But their other problems remain
In their third-quarter results which were announced this week, AIB and Bank of Ireland appeared to be through the worst of Covid. But why are they still lagging behind a sick European banking sector?
30th Oct, 2020 - 5 min read
Ireland’s €1.2bn private hospital industry: The margins, the market share, the profits and the debts
As the private hospitals negotiate with government over Covid capacity, we go inside the sector. Mapping the sector through 13 datasets, we examine what the private hospitals are worth, how they make their money, and their debt burdens.
27th Oct, 2020 - 9 min read
Does activist investor Teleios have its eye on Glenveagh’s €840m land bank?
Teleios has two investment strategies: it patiently builds stakes in undervalued companies, and it barges its way onto the board of companies to shake things up. It has now built an 11 per cent stake in Glenveagh. What’s its intention?
23rd Oct, 2020 - 5 min read
An economy in lockdown. No more payment breaks from lenders. Are an avalanche of businesses heading for default?
Irish borrowers mightn't realise it, but in March the bank regulator in Frankfurt did them a favour. The regulator told the Irish banks they could offer consequence-free payment holidays to borrowers – but only for six months. Six months have now passed, and one in seven Irish businesses borrowers are now officially behind on their debts.
21st Oct, 2020 - 5 min read
Lockdown level 5: even at full flex, can the government save retail?
The Budget contained a no-holds-barred €17 billion package to support the economy. It had money for businesses, employees and consumers. Lockdown II will test whether the government, stretched to full capacity, is capable of holding the economy together.
20th Oct, 2020 - 4 min read
Recruitment battle: Mason Alexander launches case against two former employees and their new start-up
Backed by rugby player Rob Kearney, Mason Alexander is a growing presence in the HR market. It has now launched a case against two former employees in the Irish courts, along with the company they have co-founded.