Upbeat McInerney’s shares rise

CONSTRUCTION group McInerney Holdings impressed the market yesterday with an upbeat trading statement, as its shares added 15 cents to €11.10 in early trading.

Brokers reacted favourably to the review of 2005 and projections for 2006. The group said it will meet earnings expectations for 2005, while 2006 would deliver further earnings growth.

NCB Stockbrokers put an immediate buy recommendation on the stock, which has under-performed the sector by a significant amount over the past 12 months.