DIRECTOR’S DEALS

THE chief executive of Cairn Homes made £ 9m by selling off shares in the Irish housebuilder.

Michael Stanley sold more than 3.2m shares in his own name at €1.70 each. He also sold around 2.6m shares at the same price through a company called Stanbro Property Holdings.

The married father of two lives in Dublin and was not the only member of top brass at Cairn to cash in – his brother, commercial officer Kevin Stanley, made £ 3m, and founder Alan McIntosh netted £12m.