09:27 McInerney takes further writedown of a 156m on land

McInerney Holdings Plc wrote down the value of its land by another 156m as it does “not now foresee any immediate improvement in market conditions.” The company is in “constructive discussions” with lenders in the UK and Ireland about revised loan facilities and expects to extend the UK maturity date to 2011 from March 2010, it said in a statement …