businessShares in Cairn and Glenveagh fall despite Irish builders preparing to return to workShares in the two Irish stock market-listed home builders, Cairn Homes and Glenveagh Properties have continued to fall even as the builders return to work and the shares of their counterparts in Britain, including Barratt Developments have climbed as sites restart there too.
businessIrish housebuilder Cairn Homes scraps dividend and freezes share buyback as part of Covid-19 defenceIrish housebuilder Cairn Homes has scrapped its shareholder dividend, frozen earnings guidance, and is suspending its current share buyback programme; news of which initially pulled the company’s share price down by over 3% before it recovered.
ourviewIrish Examiner View: Society and big business out of kilter as builder’s profits up 28% in a yearHousing, or rather the lack of it and the disproportionate, life-draining cost of it, was the decisive issue for voters under 35 in last month’s election, just as it was for some of their parents and grandparents.