Davy brokers in NYC jaunt for ‘back-to-back sessions’

DAVY has been the talk of the town in recent days as word of a ‘jolly’ to New York spread around the stockbroking community like wildfire.

Dozens of Davy brokers were flown to the Big Apple, it appears, with rumours abounding of extravagant meals and entertainment with wives and partners in tow.

However, Davy insiders completely played down the trip, claiming that only 30 brokers were at the event and a small number of partners attended, having paid a contribution to costs.

Sources close to Davy said the brokers were at BNY Mellon for educational purposes and were “fed and watered” on Wednesday and Thursday, with the rest of the entertainment last weekend left up to individuals.

According to the source, the “back-to back-sessions” were for continuous professional development and not the type of sessions rival stockbrokers would have you believe.

WITH the sale of the Examiner to the Irish Times finally signed and sealed, all eyes (in the self-obsessed world of media at least) are on the Sunday Business Post. Owner Key Capital, which bought it out of examinership in 2013, put the paper and its printing press Webprint on the block in September, appointing BDO Corporate Finance to handle the process.

To date, only Independent News & Media (INM), publisher of this newspaper, has confirmed its interest in buying the title with chief executive Michael Doorly stating the company would work to overcome any competition issues which could arise. I hear another possible buyer has entered the fray — Irish-American businessman Liam Lynch, who paid €2.7m for Irish Central in 2016, met Business Post representatives last week. Only last month he bought Irish Tatler, U Magazine, Food & Wine and other titles from Norah Casey’s Harmonia group. While some sources are sceptical that he would bite on the Post, he does have a strong leaning towards digital and may see some opportunity there.