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

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.

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 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.

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.

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.

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.

Cairn Homes will unveil plans for an initial public offering as soon as next week, the first for an Irish home builder in almost two decades.

Dublin start-up Moocall is exploring the export potential of an innovative new calving alert device which can let a farmer know by text message when a cow is about to give birth.