Markets

Markets Wrap: Cairn Homes hits high as wider stocks fall

Homebuilder was the big winner on the Iseq, up 3.27 per cent to €1.39, a high not seen since 2019

Michael Stanley, chief executive of Cairn Homes. The homebuilder reported full year revenue for 2023 would be in the region of €665 million, up almost 8 per cent on the €617 million the company posted for 2022. Picture: RollingNews

Homebuilder Cairn Homes was a rare winner in the markets on Tuesday as its shares rose on news of its record performance while global markets suffered as a confluence of factors took a toll.

Cairn Homes saw its shares rise 3.27 per cent on Tuesday to trade at €1.39, a high not seen since 2019. The move followed a trading update from the firm where it reported full year revenue for 2023 would be in ...