THE Supreme Court has dismissed, by a majority of three to two, the appeal by building company McInerney against the High Court’s rejection of a rescue plan for the company.

One of Ireland's oldest homebuilders, McInerney, is to go into receivership after a long legal battle to rescue the group.

The Supreme Court is to rule on whether to approve a rescue plan for housebuilders, McInerney.

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.

THREE banks owed €113 million by housebuilder McInerney had adopted an approach of “simply running the business into the ground” whereas an investor wanted to help regenerate the property market and make a contribution to the Irish economy, the Supreme Court heard yesterday.

One of Ireland's oldest house building companies has lost a second attempt at securing High Court approval for a rescue package for its business.

A HIGH Court judge will revisit his decision to refuse to approve a rescue plan for two firms in house builders McInerney group.

A High Court judge will revisit his decision to refuse to approve a rescue plan for two McInerney group firms.

The High Court has decided to revisit its earlier ruling not to save one of Ireland’s oldest homebuilders.

The High Court has decided to revisit its decision not to save one of Ireland’s oldest homebuilders.

The High Court is to decide whether it should revisit plans to save one of Ireland's oldest homebuilders, McInerney.

The High Court is to decide whether it should revisit plans to save one of Ireland’s oldest homebuilders.

One of Ireland’s oldest homebuilders McInerney is to go into receivership.

MERGER transactions notified to the Competition Authority were up 70% last year, but the number of deals fell back to 2003 levels.

THE Commercial Court yesterday directed parties in the McInerney construction group examinership to exchange information in time for a full hearing of the matter just before Christmas.

A LIQUIDATOR was appointed yesterday by the High Court to two offive companies in the McInerney construction group.

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 ISEQ index ended the week with a gain of 21.66 to 2,797.01. With negotiations continuing between Ireland and officials from the EU, ECB and IMF, speculation was circulating yesterday as to the possible shape that the restructuring of the banking system could take.

A JUDGE yesterday extended High Court protection for the McInerney construction group until December 3.

Builders McInerney Homes have been given an extra 30 days of High Court protection from their creditors.

A HIGH Court judge has directed that three banks opposed to a rescue scheme for McInerney building group should be given information about valuations on properties of the company.

A HIGH Court judge wants more information on valuations of properties owned by the troubled McInerney construction group before a hearing takes place on a rescue plan for the group.

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

The High Court has confirmed the appointment of an examiner to housebuilding firm McInerney Homes and a number of related companies.

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.

TWO of the country’s best known companies are this morning reliant on court protection from their creditors as they try to rescue their ailing businesses.

The High Court has this evening appointed an interim examiner to house building firm McInerney Homes and several realted companies after being informed that an independent accountant's report revealed that firms have a reasonable prospect of survival.

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.

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.

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.

HOMEBUILDER McInerney has reported €25 million losses for last year as it halves the value of its Irish landbank.

Construction firm McInerney has today announced a pre-tax loss of €25m before exceptionals, for 2009.

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

HERE’S one we prepared earlier? Except for a few minor changes, and a facade variation of brick and dash, there’s not much to separate Broadale and Thornbury, houses in Cork city.

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

TRADING on bank holiday Monday was quiet on the ISEQ index in Dublin yesterday with the index falling 51.78 to 3,093.94.

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.

House-building firm McInerney has written down the value of its Irish landbank by 52% on prices from mid-2008.

The ISEQ index of Irish shares dipped sharply in early trading this morning, shedding 74.39 points or 2.11% to 3,040.81.