Covid to hit housing, pay to remain flat and a very Irish hybrid

Covid-19 restrictions will have a considerable impact on housing supply, with up to 23,000 fewer homes being built between 2020 and 2022, the Central Bank has warned. Eoin Burke-Kennedy has the details.

Kerry Group’s largest shareholder, Kerry Co-op, is considering raising as little as aa ¤240 million sale of shares in the publicly-quoted food giant to fund its participation in a €800 million dairy business joint venture between both sides, according to sources. Joe Brennan reports.

Estate agent DNG predicts property prices in Dublin could rise by as much as 5 per cent when the current lockdown restrictions are eased, writes Eoin Burke-Kennedy.

Arachas, an Irish insurance broker that was bought last year by larger UK peer Ardonagh Group, has continued on its own deals trail, writes Joe Brennan, with the purchase of Mayo-based commercial lines broker MCM Insurance Brokers for an undisclosed sum.

Professional salaries in the Irish market are likely to remain flat on average in 2021, although employees and contractors with certain in-demand and emerging niche skills can expect a 5 per cent uplift, according to recruitment company Morgan McKinley. Laura Slattery reports.

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