Edition:
India

Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

904.00GBp
17 Aug 2018
Change (% chg)

-- (--)
Prev Close
904.00
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
348,491
52-wk High
1,230.10
52-wk Low
887.94

Latest Key Developments (Source: Significant Developments)

Kier Group Names COO, Says Plan To Identify Cost Savings Going Well
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Kier Group PLC ::GOOD PROGRESS HAS BEEN MADE TO DATE IN IDENTIFYING POTENTIAL COST SAVINGS.CLAUDIO VERITIERO, CURRENTLY ITS STRATEGY & CORPORATE DEVELOPMENT DIRECTOR, HAS BEEN APPOINTED TO ROLE OF CHIEF OPERATING OFFICER.NIGEL BROOK AND NIGEL TURNER WILL STAND DOWN FROM BOARD AND LEAVE BUSINESS WITH IMMEDIATE EFFECT.  Full Article

Kier Group Wins Highway Contract Extensions Worth 250 Mln Stg Annually
Tuesday, 10 Jul 2018 

July 10 (Reuters) - Kier Group PLC ::HIGHWAYS ENGLAND AREAS 3 AND 9 CONTRACT EXTENSIONS.SECURES TWO THREE-YEAR EXTENSIONS TO HIGHWAYS ENGLAND AREAS 3 AND 9 CONTRACTS WORTH C.£250M P.A.  Full Article

Kier Group Announces Disposal Of Wheldon Contracts And Services Limited
Friday, 29 Jun 2018 

June 29 (Reuters) - Kier Group PLC ::DISPOSAL OF WHELDON CONTRACTS AND SERVICES LIMITED.NET DISPOSAL PROCEEDS AFTER COSTS ARE EXPECTED TO BE IMMATERIAL.COMPLETED DISPOSAL OF WHELDON CONTRACTS AND SERVICES LIMITED TO EIGHTY SEVEN HOLDINGS LIMITED FOR A TOTAL CONSIDERATION OF UP TO £0.4M.  Full Article

Kier Group Says 50/50 Joint Venture Partners With Eiffage On HS2
Friday, 19 Jan 2018 

Jan 19 (Reuters) - Kier Group Plc ::‍ON HS2, KIER AND EIFFAGE ARE NOW 50/50 JOINT VENTURE PARTNERS DELIVERING TWO OF SEVEN CIVIL ENGINEERING PACKAGES, LOTS C2 AND C3​.‍ON HIGHWAYS ENGLAND SMART MOTORWAYS PROGRAMME, KIER HAS ASSUMED FULL RESPONSIBILITY FOR PROGRAMME​.‍ALL EMPLOYEES CURRENTLY WORKING ON HIGHWAYS ENGLAND SMART MOTORWAYS PROGRAMME ​HAVE BEEN OFFERED OPPORTUNITY TO JOIN KIER.‍CARILLION EMPLOYEES, INCLUDING APPRENTICES, WORKING ON CEK HS2 JV HAVE BEEN OFFERED TO JOIN KIER/EIFFAGE WITH CONTINUOUS SERVICE BEING MAINTAINED​.‍IN TOTAL ABOUT 150 EMPLOYEES WILL BE MAKING TRANSITION TO KIER IN NEXT WEEK INCLUDING SEVEN APPRENTICES​.  Full Article

Kier Sees No Adverse Financial Impact From Carillion JVs
Monday, 15 Jan 2018 

Jan 15 (Reuters) - Kier Group Plc ::KIER GROUP PLC - NOTES TODAY'S ANNOUNCEMENT RELATING TO CARILLION PLC ("CARILLION").KIER GROUP PLC - KIER CURRENTLY OPERATES JOINT VENTURES INVOLVING CARILLION ON HS2 AND HIGHWAYS ENGLAND SMART MOTORWAYS PROGRAMME.KIER GROUP PLC - DO NOT EXPECT THERE TO BE AN ADVERSE FINANCIAL IMPACT ON GROUP ARISING FROM THESE JOINT VENTURE CONTRACTS.KIER GROUP - ‍"WE HAVE PUT IN PLACE CONTINGENCY PLANS FOR EACH OF THESE PROJECTS AND ARE WORKING CLOSELY WITH CLIENTS SO AS TO ACHIEVE CONTINUITY OF SERVICE"​.  Full Article

Kier ‍expect net debt to ebitda ratio of less than 1x at June 30, 2018​
Friday, 17 Nov 2017 

Nov 17 (Reuters) - Kier Group Plc :‍EXPECT TO MAINTAIN A NET DEBT TO EBITDA RATIO OF LESS THAN 1X AT 30 JUNE 2018​.  Full Article

Kier Group says ‍appointed to ESFA 8 bln pounds construction framework​
Tuesday, 14 Nov 2017 

Nov 14 (Reuters) - KIER GROUP PLC ::‍APPOINTED TO ESFA 8 BLN POUNDS CONSTRUCTION FRAMEWORK​.‍CONFIRMS BEEN AWARDED NUMBER OF PLACES ON EDUCATION AND SKILLS FUNDING AGENCY'S (ESFA) LATEST £8BN FOUR-YEAR CONSTRUCTION FRAMEWORK​.  Full Article

Kier completes 75 mln stg disposal of Mouchel Consulting to WSP Global
Wednesday, 12 Oct 2016 

Kier Group Plc : Kier Group - disposal of Mouchel Consulting to WSP Global . Has completed disposal of Mouchel Consulting to WSP Global for a total consideration of £75m, satisfied in cash Further company coverage: (London Newsroom) ((UK.online@Reuters.com; +44 (0)20 7542 7717;)).  Full Article

Kier Group says has not seen any Brexit impact
Thursday, 22 Sep 2016 

Kier Group Plc : Total dividend up 17 percent to 64.5 penceper share . Breadth of portfolio and order book of £8.7bn provide visibility and resilience . Confident of achieving our strategic goal of double-digit profit growth on average each year to 2020 . To date, there has been no material impact on our operations following eu referendum vote . Has been some investor and occupier caution following eu referendum vote, this has not had a noticeable impact on performance of division to date . Revenue 1 of £4.2bn up 26 pct; like-for-like revenue up 8 pct . H1 profit before tax 2 at £125m versus £86m year earlier . Reported statutory profit from operations of £12m (2015: £61m) including £116m non-underlying costs primarily relating to portfolio simplification . Group performing well in growing market sectors with solid long-term fundamentals .We will continue to provide a network of local, regional and national services and maintain our disciplined risk managed approach to new work.  Full Article

UPDATE 1-UK's Kier Group to sell non-core assets

July 10 British construction and support services company Kier Group Plc said on Tuesday it was on course to meet forecasts for underlying profit and earnings while launching a cost-savings plan that will include the sale of non-core assets.