Spanish news lifts McInerney trading

Dublin: McInerney Holdings Plc rose in Dublin trading after saying managing director Barry O’Connor may make an offer to buy the company’s Spanish operations.

McInerney gained as much as 8% to 13.5 cents but the shares closed up 4%. The stock has fallen more than 20% since March 30, when the company said it may raise new capital and continues to be in breach of certain banking covenants.