The developer of a new housing estate in Tallaght, Dublin, is suing an insulation board manufacturer after floors in some of the new homes allegedly started sinking.

Vodafone shares rose 2% as it said it plans to raise about €4bn selling bonds that will be converted into shares to fund the acquisition of some of Liberty Global’s European businesses without weighing down the phone giant’s balance sheet.

A building company has sued for more than €2m damages over allegedly defective insulation boards which, it claims, caused floors in houses built by it to sink.

Bayer has made an unsolicited takeover offer for Monsanto in a bold attempt by the German company to snatch the last independent global seeds producer and become the world’s biggest supplier of farm chemicals.