The firm behind the Limerick Tunnel, which is backed by guaranteed payments from the Government, has posted a pre-tax loss of €6.4m.

The operators of the €295m Rathcormac-Fermoy bypass in Co Cork last year recorded operating profits of just under €144,000 per week.

When, in 1597, Shakespeare included the line “uneasy lies the head that wears a crown” in Henry IV, Part II, he can hardly have imagined how relevant, how very pertinent and precise, his observation would be on this small island more than four centuries later.

Pre-tax losses at the firm that operates the tolled €810m Limerick tunnel last year continued to mount.

The biggest construction project in the State, which got under way at the weekend, is expected to take four years to complete.

A building company has sued Irish Asphalt Limited (IAL) for loss and damage for alleged deceit over putting on the market an in-fill product when it allegedly knew it was “not fit for purpose” and contained excessive amounts of reactive pyrite.

The operators of the €295m Rathcormac-Fermoy bypass in Co Cork saw an increase in profits last year, despite less motorists using the route.

Nama is to invest over €10m in transforming one of its Northern Irish land assets into a housing development, rather than selling the site.

The operator of the tolled €810 million Limerick tunnel recorded a €5m pre-tax loss in its first full year of operation last year.

THE operator of the tolled €283 million Rathcormac- Fermoy bypass in Co Cork had a 79% increase in pre-tax profits last year to €961,228.

THE High Court has made an order winding up five companies in the Whelan group, one of the largest concrete suppliers in the country, after the directors of the companies yesterday withdrew their petition for examinership. The directors said they “profoundly regretted” that some 120 jobs will be lost.

THE National Assets Management Agency is opposing the appointment of an examiner to five companies in the Whelan Group, one of the largest concrete products suppliers in the country employing 120 people. The High Court will hear the petition for examinership on Friday.

THE private operator of the tolled €295 million Rathcormac to Fermoy bypass in County Cork had a 40% increase in operating profits, to €7.6 million, last year.

CORK-based Healy Brothers has been acquired by the Lagan Group as it aims to increase its presence in the south.

Software company Unitas Software has been named as the North’s fastest growing tech company after it broke into the top 10 of this year’s Deloitte Technology Fast 50.

A Stormont minister could lose his or her place at the cabinet table next year if a new policing and justice department is created, it emerged today.

LAGAN, the Belfast-based software company, has completed its customer relationship management (CRM) system implementation work with three British local authorities.

Lagan, Irish building materials, engineering and development business has announced record results for the year ended 31, March 2005.

Meath: Lagan Cement has welcomed a decision by Meath County Council to grant planning permission for a change of fuel use to allow it to co-fuel its kilns with Meat and Bone Meal (MBM).

FRUIT importer Fyffes had good news for shareholders yesterday when it announced a 44% rise in profits for the six months to June.

UK CRM provider Lagan has announced its launch into the Irish market by appointing Version 1, the IT services company as its local partner in Ireland.

Belfast-based CRM (customer relationship management) provider Lagan Technologies is planning to create 60 new jobs over the next two years.

Antrim-based Consilium has signed a partnership agreement with Lagan Technologies, a supplier of innovative Citizen Relation Management (CRM) solutions to local government.

Consilium Technologies has announced a number of new partnership agreements.