(Alliance News) - Cairn Homes PLC on Wednesday said it increased the interim dividend as earnings surged following a "record" first-half performance amid "favourable market conditions". Read More
Cairn Homes PLC - Dublin-based housebuilder - Appoints Bernard Byrne, the former chief executive officer of Dublin-based lender AIB Group PLC, as chair designate from January 1. Byrne is also the former CEO of J+E Davy, which Cairn says is Ireland's largest independent stockbroking and wealth management business. Byrne is set to succeed John Reynolds as chair of Cairn, who will retire at the end of April, after serving as the company's chair since its initial public offering in 2015. Chief Executive Officer Michael Stanley says: "Bernard brings an impressive track record of leading very large private and public Irish companies. John Reynolds contribution as Chairman since IPO has been invaluable to Cairn and I look forward to working with both him and Bernard during the upcoming handover period." Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - Stock prices in London were higher at midday on Wednesday, as optimistic sentiment prevailed ahead of a predicted Labour landslide in the UK General Election on Thursday. Read More
(Alliance News) - Cairn Homes PLC on Wednesday announced a new share buyback programme and the intention to declare a higher dividend amid an upbeat update about spring sales. Read More
(Alliance News) - Stocks in London are expected to open higher on Wednesday, as investors shake off pre-election nerves. Read More
Cairn Homes PLC - Dublin-based housebuilder - Backs 2024 guidance, predicting operating profit of EUR145 million, a rise of 28% from EUR113.4 million. Cairn Homes adds: "The demand backdrop for our well located, energy efficient new homes remains exceptionally high across all tenure types. In our core first time buyer market, State supports for our customers, a more favourable mortgage market and the limited supply of competitively priced starter homes are driving the positive momentum in our business." Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday: Read More
(Alliance News) - Cairn Homes PLC on Thursday proposed a higher dividend as it reported sound profit growth as demand for new housing in Ireland remains high. Read More
Cairn Homes PLC - Dublin-based housebuilder - Appoints Richard Ball as chief financial officer, effective from April 10. Ball then will join the board at Cairn's annual general meeting on May 10. Incumbent CFO Shane Doherty, who announced his resignation in October, will leave Cairn during the third quarter. Ball currently is a partner at Dublin-based rental property developer Urbeo. He previously was chief investment officer at Hibernia REIT PLC from December 2013 to March 2019. Read More
(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Cairn Homes PLC on Tuesday said it expects to report revenue growth for 2023 on strong sales and expects to see momentum continue into the new year. Read More
Cairn Homes PLC - Dublin-based housebuilder - Commences EUR35 million extension to ongoing share buyback, increasing the programme's total size to EUR75 million. Company has already returned approximately EUR40 million to shareholders between March 3 and Tuesday, repurchasing 36.7 million shares at an average price of EUR1.09. Says buyback programme may continue until June 30 subject to its ongoing capital requirements, customary termination provisions and to market conditions. Can repurchase a maximum of 76.7 million shares under the programme. Read More
Cairn Homes PLC - Dublin-based housebuilder - Chief Financial Officer Shane Doherty intends to step down after over four years in the role. He will leave Cairn in the second half of 2024, after remaining for up to six months beyond his contractual six-month notice period, to "ensure an orderly succession" and a "smooth transition of responsibilities to his successor after their commencement in the role." Cairn will "imminently" commence its search for a new CFO. Doherty says Cairn "has an exciting long-term outlook," while Chair John Reynolds says: "The health of the business and our financial position today is testament to his diligence, hard work and commitment to Cairn." Read More