Latest news with #Davy
BreakingNews.ie
3 days ago
- Business
- BreakingNews.ie
First-time buyers lead the way for mortgage approvals in April
First-time buyers continue to lead the way for mortgage approvals in April, with the overall value of approvals supported by ongoing increases in the average value of approvals and increases in re-mortgaging levels. The trends in approvals are broadly in line with Q1 and are unlikely to impact our mortgage forecasts, according to Davy. Advertisement The Banking & Payments Federation Ireland's (BPFI) April mortgage approvals of €1.5 billion are ahead by 14 per cent by value and 4 per cent by number versus April 2024, with the timing of Easter (April 2025 versus March 2024) likely having some impact on April 2025 activity levels. First-time buyers (€965 million) again lead growth with a 12 per cent increase in value (3 per cent by number), with a large increase in re-mortgaging (€151 million), albeit off a low base. Second and subsequent buyers remains more muted with a 1 per cent increase in value and 6 per cent decline in numbers of approvals. Average mortgage approvals continue to increase with an 8 per cent increase in first-time buyers to €330,123 and a 7 per cent increase in second and subsequent buyers to €374,823. On a year-to-date basis, the overall value of approvals has increased by 16 per cent, with a 13 per cent increase in first-time buyers and 9 per cent increase in second and subsequent buyers. Advertisement Second and subsequent buyers are more impacted by the health of the existing homes market where supply remains at very low levels. Nonetheless, the trends in April are broadly in line with Q1 and point to increases in activity in the mortgage market. As a result, we maintain our mortgage forecasts with an overall mortgage drawdown of €14 billion (2024: €12.6 billion) and growth of 3 per cent in the stock of mortgage balances.
Business Wire
5 days ago
- Business
- Business Wire
Thermo Fisher Scientific Celebrates Precision Oncology Advancement at ASCO 2025
CARLSBAD, Calif.--(BUSINESS WIRE)--Thermo Fisher Scientific, the world leader in serving science, will showcase some of the technologies that have helped power precision oncology at the 2025 American Society of Clinical Oncology (ASCO) Annual Meeting. Through poster presentations, abstracts, and an end-to-end presence across oncology diagnostics, clinical trials, and drug development, Thermo Fisher will demonstrate how its integrated solutions – from biomarker discovery to commercialization – are improving access to targeted cancer therapies. By advancing NGS technologies that prioritize speed, accuracy, and accessibility, the company, through its clinical sequencing business, is helping to ensure that patients in all care settings benefit from the latest innovations. This year marks a significant milestone for Thermo Fisher: a decade of pharma partnership in NGS companion diagnostics development and commercialization, supporting new drug launches globally with decentralized in-country CDx solution. This commitment extends to its clinical research capabilities. Over the past five years, Thermo Fisher has supported more than 750 hematology and oncology clinical trials, involving over 175,000 patients at more than 35,000 sites in over 100 countries. Through its PPD™ clinical research business, the company takes a patient-centered approach to trial design and execution, ensuring that studies are not only scientifically rigorous but also more accessible and inclusive. 'Reflecting on the last decade of partnership with pharmaceutical companies and their therapeutic innovations, we're proud to continue our legacy as a trusted partner and celebrate the impact these collaborations have had on expanding access to precision cancer care,' said Kathy Davy, president of Clinical Next-Generation Sequencing at Thermo Fisher Scientific. 'Behind every test is a patient waiting for answers. That's what drives us – equipping clinicians with fast, reliable insights so they can make confident, timely treatment decisions that change lives.' Davy will deliver opening remarks at the Canadian Evening at ASCO 2025, hosted by Breast Cancer Canada. Held Friday, May 30, at the Marriott Marquis Chicago, this event brings together researchers, clinicians, advocates, and industry leaders to celebrate progress in cancer research. Research and Abstract Highlights at ASCO 2025 At ASCO 2025, researchers from Thermo Fisher and its customers will present new data on precision oncology, including: Assessment of Homologous Recombination Deficiency and BRCA Status (Abstract 3130, Poster presentation) - evaluates a decentralized NGS assay for identifying HRD and BRCA mutations in ovarian cancer. Combined Genomic Profiling of cfDNA and ctDNA – demonstrates how dual analysis of cfDNA and ctcDNA using a prostate cancer-specific panel can provide complementary molecular insights. Association between Targeted Therapy and Survival in Patients with AML (Abstract e23283 in collaboration with EVERSANA) - analyzes real-world data showing improved survival in high-risk MDS patients receiving targeted therapies based on genetic mutations. Attendees can connect with Thermo Fisher experts at booth #12049 to learn more about how the company supports oncology programs from research through commercialization. About Thermo Fisher Scientific Thermo Fisher Scientific Inc. is the world leader in serving science, with annual revenue over $40 billion. Our Mission is to enable our customers to make the world healthier, cleaner and safer. Whether our customers are accelerating life sciences research, solving complex analytical challenges, increasing productivity in their laboratories, improving patient health through diagnostics or the development and manufacture of life-changing therapies, we are here to support them. Our global team delivers an unrivaled combination of innovative technologies, purchasing convenience and pharmaceutical services through our industry-leading brands, including Thermo Scientific, Applied Biosystems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon and PPD. For more information, please visit
Irish Times
17-05-2025
- Business
- Irish Times
FBD expected to pay special dividend to bring recent payments to €234m
FBD , the Republic's only indigenous general insurer, is likely to pay an almost €19 million special dividend later this year as it continues to distribute excess capital on its balance sheet, according to Davy. That would bring total payments since early 2022, between ordinary and special dividends, to almost €234 million – the equivalent of 44 per cent of the group's current market value. Davy analyst Diarmaid Sheridan estimates that FBD had a solvency capital ratio, a measure of reserves to ensure it can withstand a shock loss, equating to 200 per cent of its regulatory requirement at the end of March. 'This is materially above FBD's risk appetite of 150-170 per cent and incorporates the €30 million of adverse weather claims in January,' Mr Sheridan said, referring to claims mainly stemming from Storm Éowyn. READ MORE 'At 200 per cent, FBD has capital to support growth in gross written premiums and to continue to pay attractive dividends.' The analyst estimates that FBD will follow up its planned €1-a-share ordinary dividend payout next month on last year's profits – totalling almost €36 million – with a 50 cent special dividend later in the year. Still, the expected special reward for shareholders is half the level of special dividends distributed in the second half of each of the last two years. The combination of the planned ordinary and expected special dividends this year equates to 11.5 per cent of FBD's current €13 share price – a dividend yield that is more than double that on offer from some other European insurers, such as Allianz and Zurich Insurance Group. Still, shares in the company have advanced less than 3 per cent so far this year and remain flat over a 52-week period. FBD is not alone on the large dividends front in the sector. Allianz Ireland has paid €300 million to its German parent since the Covid-19 pandemic. Axa Ireland has handed €270 million to its Paris-based owner over the same period, though it decided to hold off making a payment on last year's earnings as it builds capacity to underwrite health insurance for its Laya Healthcare brand this year. FBD had come out ahead of scheduled annual results on a number of occasions in recent years to say that its earnings would be better than the market had been expecting, often boosted by releasing reserves that had been set aside for claims that proved to be too pessimistic. Its €77 million pretax profit for 2024 was almost 40 per cent above what the market had been expecting, before it moved in February to guide analysts' expectations higher. The chief executive of FBD Insurance, Tomás Ó Midheach, said last week in a trading update on the day of its annual general meeting (agm) that 'progress is being made' in settling claims related to Storm Éowyn. Insurance Ireland estimates that the industry-wide claims from the cyclone will amount to about €300 million. He said that FBD's profitability, excluding the impact of the storm, has been 'solid' so far this year and 'in line with expectations'. 'FBD remains a strongly capitalised business with a solvency capital ratio in excess of our stated risk appetite ,' he said . ' Our intention is to move closer to target capital levels over time, while preserving the sustainability of our annual ordinary dividend and maintaining a robust capital position for our growing business.'
RTÉ News
16-05-2025
- Sport
- RTÉ News
Hurling Nation: A hunger for success in weekend feast
We know that the GAA's approach to the game is féasta inniu agus gorta amárach and this weekend is an all you can eat special. We've five big provincial games and for dessert a nice Joe McDonagh Cup tie. Leinster might not be epic but it has decent storylines. Antrim travel to Salthill. Davy's team were beaten at home by Dublin last weekend, we think that was their final chance of an ambush under the Black Mountain, Galway to win. Later, Wexford welcome Offaly to the sunny south-east. Sadly, Offaly's summer so far has been full of clouds with disappointing exits for the minor and Under-20 teams. Barring a miracle in Wexford Park, Offaly's year comes down to next weekend against Antrim. On Sunday the Leinster segment of the menu is completed when Dublin travel to Kilkenny. We thought that the change of manager in Dublin might mean that they would tread water this year but they look like they know what they're doing and better still, they're doing it with pace. Kilkenny will be the stiffest test yet. Dublin gave Kilkenny a fair rattle in the corresponding game last year before collapsing in the Leinster final; they look better this year but might have to endure another narrow defeat this weekend. And to Munster. Go back to the beginning, the Munster championship was to be three works in progress battling it out behind two All-Ireland champions. Clare were still wearing the crown, Limerick were still feeling undressed without it. Clare and Cork played pass the parcel with hype, Tipperary and Waterford were hoping for the break that might break open third place. A few episodes down the line and all talk of hype is gone - and so are Clare almost. Often in Munster Limerick have been the storyline, injuries, suspensions, would they be caught this time? And always they freed themselves. This year there has been the wonder cure of the greatest goalkeeper of his generation and the smooth blending in of some proper young talents. The old faces don't look so old. They play Cork on Sunday. Cork beat them twice last year. What are either team's chances of beating each other twice or more this year? Limerick are at home, we'll go with Limerick to win the battle on Sunday but the 2025 war will be far from over between these two. Tipp and Waterford scrap out the other game at Semple Stadium. A win for any of these two cements third place. This is going to be a rollercoaster game. Waterford have impressed but there's a bit of a buzz around Tipperary hurling at the moment. Darragh McCarthy is back, they're on their own grass and we expect Tipp to win.
Irish Independent
14-05-2025
- Sport
- Irish Independent
Late Davy Rowe captained Wexford to famous win
For those of a certain vintage, his unexpected passing will evoke happy memories of bygone days when he was a colossus in defence for St. Anne's and Wexford. One of his most memorable outings in the purple and gold arrived in the summer of 1969, when he captained the team from left corner-back as they recorded a sensational 3-5 to 1-8 victory over titleholders Longford in the Leinster championship quarter-final held in Croke Park. Wexford were unfancied after requiring two games to beat Carlow in the first round, but they went on to produce another fine performance before bowing out to eventual All-Ireland finalists Offaly in the semi-final by 3-9 to 1-10. Leadership came naturally to Davy, having already captained the St. Anne's football teams that captured the Junior and Senior county titles of 1966 and 1968 respectively. He was a product of the all-conquering Kilmore/Rathangan Juvenile and Minor sides from the late fifties and early sixties that cleaned up on the titles front in both codes. Davy's last year as an Under-21 in 1965 saw him line out for Wexford in football at left corner-back, and he also represented the county at Junior level for the first of three successive years. His debut with the Seniors arrived in a National League loss to Carlow in Dr. Cullen Park on October 31, 1965, and he went on to make 35 appearances in total at a time when matches weren't nearly as plentiful as they are nowadays on the inter-county scene. Davy's championship debut arrived against Wicklow in 1967, and his last big day was in Croke Park on May 26, 1974 when the march of the famous 'Heffo's Army' began as Dublin defeated Wexford in the Leinster first round by 3-9 to 0-6. His final Senior appearance for Wexford arrived on November 17 of that year in a National League defeat to Clare in Lahinch, with unusual circumstances surrounding this game. It was the only one of the 15 scheduled matches in the competition to take place, as the remainder were postponed due to the death of President Erskine Childers. It was decided to go ahead with Wexford versus Clare because the Slaneysiders were in the Banner County already after staying overnight in Ennis. However, referee Mick O'Neill of Kerry assumed that the match was off and didn't travel, so a local man, P.J. Kennedy, had to take charge of the whistle to ensure it went ahead. In the period from 1965 to 1974, the only year when Davy didn't feature in a Wexford Senior jersey was 1973, and he was a part of championship teams in 1967, 1968, 1969, 1970, 1972 and 1974. Farming ensured he was always in great physical shape, and he was easy to pick out on the field in the early seventies in particular when the long, thick sideburns he sported were all the rage. After inspiring those Junior and Senior football victories in 1966 and 1968, Davy also played in the 1975 county final defeat to Gusserane before winning a Junior hurling medal in 1977. He performed in an era when every club had some great characters, and one story that Jim Berry recalled in his superb history of St. Anne's had Davy as the central figure. It happened in the replayed county Junior football semi-final of 1964 against Gusserane, a three-game saga that didn't finish until early the following year with victory for the Rathangan crew. Stephen Roche, one of the St. Anne's selectors, let a roar at Davy as he was soloing by him close to the sideline, urging him to kick the ball off. Davy slowed down and gestured to hand the ball out to the mentor while uttering the immortal words: 'here Stephen, kick the ****ing ball yourself!' Davy, who died suddenly at home, was pre-deceased by his wife Jo-anne and is survived by his children Richenda, Lisa, David, Frank and Derek. Ar dheis Dé go raibh a anam dílis.
