GOODBODY Stockbrokers laid off 25 staff yesterday on the first full day of ownership by Fexco.

THE €24 million sale of Allied Irish Bank’s stockbroking unit, Goodbody Holdings Ltd, is expected to be completed in the coming weeks after the Central Bank approved the transaction.

FEXCO is to purchase AIB’s stockbroking arm, Goodbody, for €24 million in an intricate deal which will see senior management at the brokerage get a 25% stake in the firm and as many as 55 staff lose their jobs.