Shares in Glenveagh Properties rose almost 14% above its offer price on its debut on the Irish Stock Exchange as investors hailed the prospects for an Irish house builder focused on building houses.

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.

Young people are being encouraged to consider a career in tourism after a new study found a shortage of workers in the hospitality sector.

More than 16,000 Junior Certificate students took their woodwork exam worth one-third of total marks in the subject yesterday afternoon.

Finance Minister Michael Noonan has stated that no conflict of interest arises from former Nama executive John Mulcahy joining the board of Irish property pension fund IPUT.

A former director of Nama has been appointed to the board of one of the country’s leading commercial real estate funds.

A jury has cleared two Gardaí accused of beating a man during an arrest at Blanchardstown in Dublin.

The friend of a man who was allegedly attacked by two gardaí has told a court he was struck three times on the leg with a garda baton.

A young Dublin man who claims he was beaten by two Gardai has told a court the whole ordeal was "like a nightmare".

A young Dublin man has alleged two gardai repeatedly kicked him while he was handcuffed behind his back, leaving him with a damaged kidney.

Operating profits at one of the country’s best known property firms, Jones Lang LaSalle increased last year by 45% to €884,000.

St. Catherine’s 2-14Dromina 1-8

Nama is seeking to recruit a full-time chief financial officer as part of a reorganisation of functions that will also involve a reshuffle of several senior executive roles.

THE Jimmy Mangan-trained Oscar Delta lit up yesterday’s well-attended Kildorrery Point to Point meeting, staged on the Vaughan family’s farm at Rockmills Stud, by sluicing home in the Open Lightweight.

PRE-tax profits at property firm Jones Lang LaSalle decreased by 40% last year to €1.75 million.

AIRTRICITY Premier Division leaders St Patrick’s Athletic will be hoping to stretch their winning run to four games when they play host to Shamrock Rovers in tonight’s eagerly awaited Dublin derby at Richmond Park (7.45pm).

THE head of NAMA has denied that one of its key advisers has a conflict of interest because of links to a company valuing properties for the agency.

The Government has filled four senior roles within the National Asset Management Agency as the State's bad bank prepares to take receipt of the first loans from financial institutions.

THE teams of property valuers to tackle the national NAMA valuation mountain have been finalised, for work to be done on a national and regional level.

TWO thing are remarkable about Finance Minister Brian Lenihan’s recent appearance before the Oireachtas Joint Committee on Finance and the Public Service.

THE price of agricultural land has collapsed by more than a third over the past two years while the amount of land put on the market in the first six months of the year dropped by almost half.

The predictions are subjective and, it could be said, designed to suit whatever side of the argument people were paid to be on. Some of those making them had been correct before and others wrong, but as the ads say, past performance is no indicator of future performance

LAND available for development around rural towns seems to dramatically exceed any potential demand in the foreseeable future, according to property investment adviser John Mulcahy, who addressed last Monday’s Joint Oireachtas Committee discussion with Finance Minister Brian Lenihan on draft National Asset Management Agency (NAMA) legislation.

THE NAMA strategybecame clearer yesterday as the OireachtasFinance Committee teased out its nuances in greater detail than was allowed up to now.

IT WAS the first act in the West Side Story for a NAMA generation – two rival gangs consolidating in urban decay.

THE man who will be responsible for deciding how much NAMA will pay banks for their toxic development loans was introduced by Minister Brian Lenihan yesterday.

NO eggs were thrown at the annual general meeting of Irish Life & Permanent in Dublin yesterday, but sadly the bank’s shareholders didn’t get to bring home the bacon either.

I WAS dismayed but not surprised to read your report (September 12) regarding the HSE breaking its contract with pharmacists. It was typical of the anti-pharmacist bias which seems to be all too prevalent in Irish journalism.

Revenue investigations into tax dodging netted €147m for the Exchequer in the first three months of the year with the name-and-shame list topped by a publican.

THE reintroduction of tax on land in order to restore financial independence to local authorities would be inefficient, would yield little and would completely distort the housing market, says John Mulcahy, managing director of major international property advisors Jones Lang LaSalle.

AS a member of the staff of ITEC Fermoy Ltd who last week received the devastating news that production would cease by mid-November, I wish to point out that no elected representative saw fit to offer support to the workforce during this difficult time.

FURIOUS Fermoy workers, backed by SIPTU, warned yesterday they will fight a ‘paltry’ redundancy offer at a local timber plant, due to close next month.