Eircom has announced that the three group companies placed under examinership on March 29 (eircom Limited, Meteor Mobile Communications Limited and Irish Telecommunications Investments Limited) today exited examinership.

Eircom is expected to go into examinership in the coming days, with its debt-holders ultimately likely to take ownership of the firm in the longer-term.

eircom boss Paul Donovan is to step down at the end of 2012 for personal reasons, he announced today.

Representatives of Singapore’s ST Telemedia have resigned from eircom’s board after its proposal to restructure the telecoms firm’s €3.75bn debt was rejected by senior lenders, according to Cork's Evening Echo newspaper.

EIRCOM has said it is proceeding with detailed discussions with its first-lien lenders regarding their restructuring proposal for the group.

Eircom's largest shareholder, Singapore-based telecoms company ST Telemedia (STT), has withdrawn its proposal to restructure the firm's €3.75bn debt, it was announced today.

THE board of housebuilding group, McInerney Holdings has resigned in the wake of shareholders voting against its proposal to wind down the company through voluntary liquidation.

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.

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.

THE board of Greencore was condemned yesterday for the high salaries being paid to top executives and for its failure to deliver on the share price, which has fallen to €1.14 following the collapse of the proposed merger with Northern Foods.

GREENCORE and British based Northern Foods are to merge, creating a €2 billion company.

GREENCORE Group will publish full-year results next week with no major surprises anticipated in the figures.

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

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.

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

GREENCORE is to sell its malt business to Axéréal Union De Coopératives Agricoles for €116.25 million.

Eircom today announced the membership of its board following the acquisition of Australian-based eircom Holdings Limited (ERC) by Singapore Technologies Telemedia (ST Telemedia) and eircom ESOP Trustee Limited (ESOT).

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.

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.

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

FORMER Vodafone Ireland head Paul Donovan has been appointed chief executive of Eircom, in what is generally being seen as something of a surprise announcement.

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.

GREENCORE’s chairman Ned Sullivan, told shareholders at the group’s annual general meeting in Dublin that the group performed solidly in 2008 thanks to its diversified food portfolio.

EIRCOM is on the hunt for a new chief executive, following the announcement last night of the resignation of the current incumbent, Rex Comb.

FIVE non-executive directors announced their resignation from the board of Anglo Irish Bank yesterday, ahead of the Government’s expected formal takeover of the lender later this week.

The Government was tonight urged to launch a root and branch review of banking regulations as five more directors of scandal-hit Anglo Irish Bank quit, and banking shares plunged on the stock exchange.

Five directors on the board of Anglo Irish Bank have resigned today as the Government prepares to take the firm into state ownership.

ANGLO IRISH Bank shareholders are set to attend an EGM on Fridayat 10am at Dublin’s Mansion House primarily to vote on the proposed €1.5bn recapitalisation package from the Government, which would give it a 75% stake in the bank.

FOOD group Greencore has axed performance-related bonuses of close to €1.8 million for its top directors.

THE board of Eircom Group Ltd confirmed that Ned Sullivan has been appointed non-executive chairman and a director of eircom.

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

ICELANDIC group Exista has denied it holds an 8% stake in the Irish convenience group Greencore or that it was planning to bid for the company.

GREENCORE chief executive David Dilger warned the company’s Icelandic suitor, Exista, could be gobbled up by Greencore if it attempts a takeover of the Irish convenience food group.

SHARES in house building group McInerney Holdings rose 13 cents to €13 in Dublin yesterday following a bullish forecast for the year.

JUST before the start of the Greencore annual general meeting in Dublin last Thursday, Philip Kinnane, whose family farm backed onto the Thurles sugar factory, said he believed we had seen the last of beet growing here.

Greencore chairman Ned Sullivan is expected to announce increased pre-tax profits at the company’s AGM today.

TIARNAN O'MAHONEY walked away from Anglo Irish Bank with a near €4 million pay-off.

Construction company McInerney Holdings PLC has announced a downturn in profits for the first six months of this year.

At ISEQ-listed construction company McInerney’s annual general meeting today, chairman Ned Sullivan said the group was happy to have recorded pre-tax profits for 2004 of €40.7m, an increase of 43% on 2003.