THE ISEQ closed down 3.89 points at 2,821.28 yesterday, in line with other European and world bourses.

REBEL shareholder David Nabarro has won his appeal for a second extraordinary general meeting to be held to allow shareholders vote on the future of McInerney Holdings.

MCINERNEY Holdings looks set to be wound down, through a voluntary liquidation process instigated by the group’s management.

HOUSEBUILDING group McInerney Holdings has delisted from the Irish and London stock exchanges, saying it isn’t in a position to meet its obligations for being a publicly owned company. The group is currently in examinership.

The High Court extended protection to the troubled McInerney building group until November 2.

THREE banks owed tens of millions of euro by house builders McInerney Homes opposed the firm and related companies being allowed go into examinership, the High Court has heard.

A WEEK after it had its Irish operations put into examinership, housebuilder McInerney Holdings has reported half-year pre-tax losses of €10.9m.

Dublin: House builder McInerney Holdings is set to apply for court examinership to force banks to write down its debts.

HOUSEBUILDER McInerney Holdings said yesterday it is at an advanced stage of securing a major capital injection for the troubled group to prevent it going into receivership.

House builder McInerney Holdings today said that negotiations with an investor regarding an injection of new capital were at an "advanced" stage.

THE ISEQ index of Irish shares nudged forward by another 10 points (0.33%), yesterday, to close at just under 3,100 and just about keep up its slow growth momentum from earlier in the week.

NEGATIVE employment data from the US and rising fears – among some of the leading European banks – that the sovereign debt crisis could spread across central Europe, took much of this week’s shine off international stock markets and dragged most of them down heading into the weekend.

IRISH housebuilding group, McInerney Holdings — which recently posted a loss of €25 million, before exceptional items, for 2009 — slightly increased its total remuneration to executive directors last year from €2.23m to just over €3m.

INVESTORS are looking before they leap into McInerney Holdings stock after the construction group issued a pessimistic trading update yesterday.

HOUSEBUILDING group McInerney Holdings admitted yesterday it will breach certain bank covenants when they are tested later this month.

THE ISEQ’s poor start to the week descended into freefall yesterday, as the index fell by 6.5% to its lowest point for two months and nearly €3 billion was wiped off the combined value of Irish shares.

IRISH house-building group, Abbey has offered a rare glimpse of positivity from the property sector by saying it is looking to buy new development sites in both Ireland and Britain.

IRISH house-building group McInerney Holdings, has said that it has seen signs of stabilisation in its British operations in the last couple of months, but that conditions in the Irish market remain extremely uncertain.

MANAGEMENT at Dublin-based house builder McInerney Holdings has entered discussions with its lenders with a view to revising its banking terms, in light of a further impairment charge.

HOUSEBUILDING group McInerney Holdings has said that it is in a relatively stable position, even though latest results show a pre-tax/exceptionals loss of €12.8 million (€170.9mafter exceptional items) for the first six months of this year and a halving in the value of its Irish land bank.

PRE-NAMA volatility hit the banks again yesterday, with the share price of the two main beneficiaries of the proposed “bad bank” project falling back from gains made on Friday.

FORMER All-Ireland Championship winning Dublin footballer Tommy Drumm has left housebuilding group McInerney Holdings with immediate effect, it was announced yesterday.

IRISH housebuilding group, McInerney Holdings is eyeing up business opportunities in the Middle East in order to lessen its dependency on its core recession-hit markets of Ireland and Britain.

THE ISEQ index fell 16.26 points yesterday to 2,311.39 as shares at home and abroad fell as weaker-than-expected US data, including a record drop in new home sales and a slump in durable goods orders, hurt the markets.

THE ISEQ index yesterday closed up 27.06 points at 2,278.03. AIB was the star performer on the ISEQ jumping 20c or 20% to close at €1.20. Bank of Ireland also had a positive day progressing 5c to 62c, Irish Life & Permanent added 11c to €1.74, while FBD Holdings was 12c lighter at €7.88.

THE ISEQ index closed up 43.04 points yesterday at 2,278.03. News that Ireland’s main trading partner, Britain, has slid in to deep recession weighed heavily as did major falls on world markets.

The ISEQ suffered further losses to close down 15.83 points at 2,479.72.

THE ISEQ index ended up 5.90 points at 2,510.92 yesterday.

HAVING shed 1.4% on Friday the Dow Jones Industrial Average was up more than 2% in early trading paving the way for a strong rally in European stocks.

BLACK Tuesday gave way to a slightly brighter Wednesday yesterday as Europe’s stock markets, including Dublin’s ISEQ, rebounded from heavy losses early in the week.

MCINERNEY Holdings, the house builder active in Ireland, Britain and Spain, warned shareholders to prepare for a first-half loss in the current year.

YESTERDAY was a mixed day for the Dublin market, the index was as much as 150 points ahead during morning trading, only to slip back to more modest gains in the afternoon.

The ISEQ index of Irish shares saw a small rise of 5.52 points to 6601.55 in morning trade today.

The ISEQ index of Irish shares staged a comeback today, climbing 156 points to 6820.48.

In a trading statement released today, McInerney Holdings saw a decline in the number of private house completions in 2007 totalling just 594, in comparison to 1,025 in 2006.

BUILDING group McInerney Holdings has reported first-half profits well below market expectations.

The ISEQ index of Irish shares endured a torrid morning of trading today, falling 117.81 points to 7667.50 by 11.05am.

The ISEQ index of Irish shares was down this morning, falling 12 points to 8694.72.

There was a positive mood around the Irish Stock Exchange today as the ISEQ index gained 169.72 points to 8651.84.

The ISEQ index of Irish shares was down this morning by 150.32 points to 8413.07.

The ISEQ index of Irish shares was down again today, falling 106.67 points to 9177.50.

The Irish Stock Exchange has had a quiet morning so far since electronic trading is not taking place because the ISEXetra trading system is unavailable.

There was a small gain for the Irish Stock Exchange today, the ISEQ index gaining 11.85 points to 9482.47.

The ISEQ index finished down 43.51 points to 9357.47 by close of trading today.