Ireland's Cairn Homes to pay out dividend, start buyback

DUBLIN (Reuters) - Ireland's largest publicly listed housebuilder Cairn Homes on Thursday announced plans to buy back shares and issue a dividend for the first time, saying Brexit was having no impact on the market for homes for first-time buyers.Still, shares in Cairn fell 5% to 1.1 euros by 0815 GMT, as weaker than expected margins overshadowed a 51% rise in operating profit for the first half of the year. Analysts at Davy Stockbrokers and Investec said Cairn's margins were lower than..