Shares in housebuilders Cairn Homes and Glenveagh Properties fell as Davy cut its price targets for the firms, citing a “significant” slowdown in asking prices outside of Dublin.

Shares in Cairn Homes fell 1.5% over the news “blow” that its group finance director Tim Kenny is to leave the housebuilder.

A legal challenge concerning a proposed development of 96 housing units in Dublin is to be fast-tracked at the Commercial Court.

The chief executive of Cairn Homes, the country’s largest housebuilder, said annual peak new supply will reach only 25,000 in the coming years, meaning too few homes will be built to keep the housing crisis and runaway rents under control.

Irish housebuilding group Abbey has said operating profit for its latest financial year will be down on the previous 12 months and has given a mixed outlook for the current year.

A controversial Cork city convent site, which has had five owners since 1996 and which was twice ravaged by fire, in 2003 and again 2012, is back for sale.

Cairn Homes is to hold off on progressing its Cork-based landbank for another couple of years as it looks to maintain its entire focus on the Greater Dublin area.

Cairn Homes has lodged planning documentation with An Bord Pleanála signalling its intention to build 619 apartments and three townhouses on the site it purchased from RTE for €107.5m in 2017.

Pay for four directors at stock market-listed Leinster house builder Cairn Homes increased to €2.2m last year from just over €2m in 2016, its annual report shows.

Shares in Glenveagh Properties rose almost 14% above its offer price on its debut on the Irish Stock Exchange as investors hailed the prospects for an Irish house builder focused on building houses.

As we move into autumn, corporate Ireland continues to grow and expand.

Shares in Cairn Homes rose over 1.5%, as the Dublin housebuilder increased sales and boosted margins. It indicated it was on course to sell significantly more homes, amid the huge demand for housing.

An assessment of one of the Irish exploration prospects in which French oil ‘super-major’ Total has invested has returned an initial resource estimate of around 12bn barrels of oil equivalent.

Cairn Homes has agreed to buy part of RTÉ's Donnnybrook campus for €107.5m.

The boss of RTÉ has said funds raised from selling almost nine acres of its Montrose land to Cairn Homes for €107.5m will be invested in improving the public broadcaster’s services as well as reducing debt.

Providence Resources boss Tony O’Reilly Jr has said landing a development partner for the company’s headline asset — the Barryroe oil and gas field off the Cork coast — remains the top priority despite a potential deal collapsing in the last few months.

Shares in British exploration company Europa Oil and Gas jumped by as much as 12% yesterday on news that it is sitting on nearly 1bn more barrels of oil in Irish waters than was previously projected.

Irish residential building firm Cairn Homes is backing up its rallying cry for more equity-led builders to drive growth in the housing market by seeking a primary share listing on the Irish Stock Exchange.

Providence Resources and Europa Oil and Gas – two of the most active exploration companies in Irish waters – are confident of further deal activity after both landing development partners for assets they hold off the west coast of the country.

Scottish exploration company Cairn Energy has said it does not view its offshore Irish interests as priority assets, but remains committed to exploring here.

Cairn Homes — the Ireland-focused homebuilder which floated on the stock market last year — could benefit from mortgage rate cuts as it brings more development sites on stream.

Over the past three years, property in the Irish economy has started to move out of the shadows of financial markets and into an era of transparency and better governance.

Cairn Homes is considering a range of funding options — including a further equity raise — in order to meet expansion opportunities.

Newly-floated Irish housebuilder Cairn Homes has said it is considering acquiring 11 new sites with a combined value of around €120m as part of a strong pipeline of expansion opportunities.

Irish housebuilder Cairn Homes is looking to take advantage of the chronic lack of new houses in Dublin by building about 360 residential units on three sites purchased for €63.7m.

Irish housebuilder Cairn Homes is looking to raise up to €400m as part of its flotation on the London Stock Exchange.

Limerick’s Myles Casey advanced to within one win of becoming the first St Francis BC boxer since Jimmy Moore and current WBO World middleweight champion Andy Lee to claim an Elite title last night.

Scottish exploration firm Cairn Energy has begun evaluating seismic survey data relating to its offshore Irish acreage and said it remains on course for drilling in the area in 2015.

Shares in Providence Resources fell by almost 10%, yesterday, after the Irish exploration company confirmed that drilling at one of its highly-anticipated assets off the west coast has been postponed.

Exploration drilling will not be undertaken in Irish waters this year, with the only previously anticipated activity being put on hold due to a lack of rig availability.

Scottish exploration firm Cairn Energy has suspended a $300m (€216m) share buyback programme, in which it has invested $95m.

The exploratory drilling for oil and gas off the Co Clare coast has moved a step closer with the rig, the Blackford Dolphin, arriving in Belfast in recent days.

Providence Resources has extended its acreage off the west coast, via the Government offering it and its developmental partners a frontier exploration licence for its Spanish Point South option. It requires operators commit to at least one exploration licence at a prospect.

Cairn Energy is to press on with its intentions to begin drilling off the west coast during the second quarter of next year, now that it has received formal Government approval for its plans.

Scottish exploration company Cairn Energy has added Ireland to its international regional portfolio; buying into two licences in the Porcupine Basin, off the west coast.

BARRY O’HARA edged Jason Conroy in the fight of the night at the National Intermediate Championships finals last night.

Police say the head of Greenpeace has been arrested after climbing an oil rig off Greenland’s west coast in an attempt to stop a Scottish oil company from deepwater drilling in Arctic waters.

A GROUP of activists who had climbed aboard an oil exploration rig in Arctic waters as part of an ongoing protest against drilling have been arrested.

Greenpeace activists climbed aboard an oil rig off Turkey today in a bid to prevent it from leaving for Greenland to begin deep-water drilling in the Arctic.

Sterling jumped 1% against other major currencies today after surprise growth figures fuelled hopes that the Bank of England will not need to take further emergency action to prop up the economic recovery.

An Edinburgh-based oil explorer has found oil for the first time off the coast of Greenland, it was announced today.