Davy has been dropped from its lucrative and prestigious position as a primary dealer in Irish government bonds by the NTMA. The move will increase [pressure on its other blue-chip corporate clients in the wake of the Anglo bonds scandal.
Law reform minister James Browne wants to curb credit card gambling, end enticements for VIP gamblers and protect punters through new legislation and the appointment of a gambling regulator. Can he implement the plan?
Having folded their first business after overtrading, sisters Wendy Slattery and Tracy Leavy are back with a fast-growing beauty app. Having secured deals with international retailers, it is now closing a €1m funding round and plotting a US expansion.
In 2015, Tom Lyons exposed a startling deal involving Davy Stockbrokers and a client over Anglo bonds. Following a damning Central Bank investigation into the scandal last week, we have continued to focus on the deal and the Davy executives behind it. This is a portal to all our coverage.
The deputy chair of Davy has issued no apology as he confirms his resignation. Chief executive Brian McKiernan has however said he “regrets” his role in the deal and damage to Davy’s reputation.
The three senior figures had hoped the storm over the Anglo bond scandal would pass. However, intervention from the NTMA and state has forced their resignations.
The pressure is now red-hot inside Davy to take action against current executives who were involved in the "Davy 16" transaction, which caused the stockbroker to be branded as acting “recklessly” by the Central Bank and fined €4.1 million.
The Cheltenham Festival later this month will conclude arguably the worst 12 months horse racing has endured. The images of Gordon Elliott and jockey Rob James sitting on dead horses have rocked the sport around the globe at the worst possible time.
After selling his radio station empire, O’Brien now sells a cloud company to Ekco – one of Ireland’s fastest-growing technology companies.
The pandemic has a devastating effect on many areas of Irish life, but sport, especially indoor sport, has been badly hit. Nobody knows, as Ireland emerges from the crisis, what these sports will look like in the future.
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