The Dunkettle Interchange has been pushed back by one year as Transport Infrastructure Ireland (TII) and Sisk fail to agree on the forecast of costs.

The contract for the Dunkettle Interchange at the outskirts of Cork City will not be awarded at any cost, and the project could face delays of up to 18 months, Transport Infrastructure Ireland has warned.

The Dunkettle interchange projectis vital to traffic flowboth to and from Cork and delays are worrying, says Fianna Fáil leader Micheál Martin.

The €100m Dunkettle interchange upgrade is under threat with the Government considering halting work due to spiralling costs.

Pharmacy and healthcare services group Uniphar will use the proceeds of its planned stock market flotation to pay for near-term acquisition targets and to reduce its debt levels.

The future of the multi-million euro Dunkettle interchange project in Cork is “in the hands of the Government as to how to proceed”, the chief executive of construction firm Sisk has said.

CHARITABLE companies in Cork donated over €2.1 million to local causes last year, according to the 2018 Business Impact Map produced by Business in the Community Ireland.

Ireland is unlikely to reach a housing supply balance, of 30,000-40,000 new builds per year, by 2021, according to one of the country’s largest construction firms.

Glenveagh Properties, which plans to become only the country’s second listed housebuilder after Cairn Homes, said it aims in time to achieve a gross margin of 20% on operations.

Glenveagh Properties, which plans to become only the country’s second listed housebuilder after Cairn Homes, said it aims in time to achieve a gross margin of 20% on operations.

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

A proposed sports complex for Waterford Institute of Technology could run over budget by €4.3m because of “inadequate leadership”, a lack of due diligence, and decisions that made “no sense”and which led to the project being suspended mid-construction, according to the former head of the company responsible for the project.

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

Newry-based veterinary pharmaceutical group, Norbrook Laboratories received an insurance pay-out of £6.12m (€8.55m) arising from the death of its founder and CEO, the late Co Louth native, Edward Haughey.

The publication yesterday of the utterly unambiguous November 2010 letter from the then ECB president Jean-Claude Trichet to then Minister for Finance, the late Brian Lenihan, shows how power is used and how real and pressing vulnerability — a country facing economic collapse and the chaos that would ensue could only be described in those terms — turns national politicians into supplicants rather than negotiators.

Irish companies including Glanbia have used undisclosed deals with the government in Luxembourg to slash their tax bills in their own country, according to documents released by an international group of newspapers including the Irish Times.

Irish construction group, Sicon is anticipating this year will see its activity levels increase by 10%, with the recovery in the UK building market driving that growth.

Ireland's biggest theatre is up for sale with a €20m price tag.

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

Sicon — the holding company for the Sisk group’s construction assets — has returned to profitability in its latest financial year.

Six European Union states have asked Poland to explain why it is not paying billions of euro that foreign construction firms say they are owed for work carried out under an EU-backed road-building programme.

ALLIANZ FL DIVISION 1 SEMI-FINAL

The directors of construction group Sisk have conceded it may take several years in Polish courts before claims from the group’s troubled joint ventures in the country are resolved.

Irish construction firm Sicon — the holding company for the Sisk group’s construction assets — has said its 2012 accounts will show a return to profitability, after it incurred a pre-tax loss of €153.6m in 2011.

The construction firm Sisk is taking legal action against the Polish state in an effort to recoup the €50m-€60m losses it will incur in its 2011 annual accounts on the back of a failed road-building project in the country.

SISK Group has reported an 11% jump in pre-tax profits, for 2010 to €9 million, with revenue flat at just over €1 billion.

CONSTRUCTION firm John Sisk & Son has announced a strategic alliance with Saudi Arabian construction giant El Seif Engineering company.

ONE of the country’s largest construction-related businesses has urged the new government not to hold back on investing in infrastructure, even though the economy remains weak — pointing out that now is the time to plan for the future.

LEADING Irish construction firm John Sisk & Son is part of a joint venture to be awarded a €600m rail tunnelling contract in London, which is set to form part of Europe’s largest infrastructure project.

JOHN SISK & SON, the construction arm of the Sisk Group, has begun work on high profile contracts worth in excess of €300 million in Britain in the past nine months.

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.

CONSTRUCTION group John Sisk & Son Ltd has announced profits of more than €13.3 million for 2009, down from profits of nearly €22m the previous year, but still a creditable performance given the broader economic challenges facing the Irish building sector.

THE Sisk Group has won a €60 million development contract to build a major hospital in al-Ain, the second largest city in Abu Dhabi, with work due to commence next month and completion expected in two years’ time.

WITHIN 10 years Ireland will not be capable of building major infrastructural projects like the newly completed Aviva Stadium because our skilled professionals, with no projects on which to work here, will be forced to look elsewhere for employment.

CONSTRUCTION giant John Sisk & Son paid out a dividend of more than €90 million last year as pre-tax profits fell by €2.5m.

BUILDING chiefs want the first-time buyers’ grant reintroduced and stamp duty on homes temporarily suspended as incentives to restart house buying.

PRE-TAX profits at the Sisk Group slumped 21.5% to €64.2 million last year in what the company called a competitive market.

John Sisk & Son has won the contract to build the new Lansdowne Road Stadium.

Sisk, Ireland’s largest construction company, has been appointed main contractor on the New Stadium at Lansdowne Road.

CONSTRUCTION giant John Sisk & Sons has said pre-tax profits last year more than doubled.

WATERFORD is on the brink of an historic development with work now underway on the €530 million Waterford City Bypass, which includes a long-sought second river crossing.

FURTHER evidence of the exploitation of migrant workers was uncovered yesterday, just as the social partners made fresh efforts to break the impasse in negotiations on a new deal.

CONSTRUCTION giant John Sisk & Son saw its pre-tax profits rise by almost 17% last year.