ISEQ reacts to building development

The ISEQ index of Irish shares began the morning on a high note as it recorded a 47.01 point jump to 8852.88 on foot of news that a major development in Co Carlow promises to boost construction by creating a new town centre.

Greencore has applied for planning permission to convert the site of its former sugar factory in to a new €1bn town centre in Carlow, in a project that it claims will create as many as 2,000 jobs.