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Corporate News June 2016

Davy voted Ireland’s Leading Brokerage and Research Firm

Davy has been awarded the number 1 position as Ireland’s leading brokerage firm in the prestigious Extel Pan-European Survey 2016. The firm also retained its leading position in both Research and Equity Sales. At a sector level, Davy also performed very strongly, ranking in the Top-3 for Equity Research on Paper & Packaging and Top-10 on Construction & Building Materials across All-Europe.

The Extel Pan-European Survey is considered the leading benchmark for excellence in the pan-European equities industry, and is the largest professional investment opinion assessment in the world. The survey, with nearly 20,000 investment professionals providing 1.1 million votes, ran from March to April 2016.

Commenting, Barry Dixon, Head of Research at Davy said: “We are delighted to be voted both the overall leading brokerage firm and the number 1 equity research firm in Ireland by the world’s leading fund managers. We are also pleased to see recognition for the excellent progress of our pan-European research teams, most notably in the Paper & Packaging and Construction & Building Materials sectors.

“This accolade comes on the back of Davy analyst Robert Gardiner being voted the No 1 Earnings Estimator for the European Construction & Materials sector in the Thomson Reuters’ 2016 Analyst Awards recently. Gardiner beat a field of 56 other analysts around Europe and came in ahead of UBS at No 2 and Jeffries’ industry veteran Mike Betts at No 3.”

Earlier in the year Davy Research was voted the No 1 Equity Research Team in Ireland in the prestigious Institutional Investor All-Europe Research Team 2016 survey.