Tuesday 24 April 2018

Davy on hiring spree

STOCKBROKER Davy is hiring 30 people in areas such as financial planning, marketing and customer relations.

The Dublin-based stockbroking firm said the new positions include graduate roles, across its investment, financial planning, marketing and accounting teams.

Established in 1926, the Davy Group claims it is Ireland's leading provider of wealth management, asset management, capital markets and financial advisory services.

Kenmare gains

Shares in Kenmare jumped yesterday after the mining company said lenders are continuing to make progress on a financial solution to provide additional financial stability to the company.

As part of this process, Kenmare has agreed with its project lenders to extend the date for delivery of a budget for 2015 to the end of March.

"We look forward to concluding the terms and announcing the final agreement in the coming weeks," chief executive Michael Carvill said.

Bank lending falls

Bank lending in the Eurozone fell slightly in January but at a slower pace than a month earlier.

This suggests the Eurozone economy may be turning a corner as consumer morale picks up in the bloc's largest economies.

European Central Bank President Mario Draghi said that "all in all, the outlook is more positive than it was a few months ago" in the Eurozone, which has been blighted by recession in the south and falling prices.

Allianz disappoints

German insurer Allianz raised its dividend by less than expected after earnings in its core property and casualty insurance businesses lagged and asset management stalled following client defections at its US unit Pimco.

BAT battles UK

British American Tobacco the world's second-largest cigarette maker, said it would take action against the UK government if it enacts a plan to put cigarettes in "plain packaging".

"If the regulations, as published this week, are passed, we anticipate taking legal action," said Jerome Abelman, BAT's director of corporate and regulatory affairs.

The UK parliament is expected to vote on regulations to ban branding on cigarette packs before it is dissolved on March 30, in preparation for the general election on May 7.

Irish Independent

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