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Davy to cut 10 jobs as it rolls back London capital markets team

The Irish broker was expanding in London, but tough capital markets have made it pull back

By Paul Clarke
Davy has moved from expanding its London capital markets team to retrenching
Davy has moved from expanding its London capital markets team to retrenching Photo: Artur Widak/NurPhoto via Getty Images

Irish broker Davy is rolling back its London capital markets division in the latest sign of how a dearth of UK IPOs is hitting City firms.

The Dublin-headquartered broker, which was expanding its UK capital markets operation in 2023, is set to cut around 10 jobs as it shutters its team in the City, according to people familiar with the matter.

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