Kier Group revenues hit £3bn as it appoints new finance director

Bev Dew joins Kier Group from Balfour Beatty and had previously worked at Lend Lease
KIER Group revealed yesterday its revenues rose by £1bn in 2014, to £3bn from £2bn last year, as it also announced a new finance director.

Revenues at Kier were boosted by its acquisition of services company May Gurney in 2013, which Kier chief executive Haydn Mursell said had “transformed the scale and diversity of the group”.

The FTSE 250-listed construction, services and property group also saw underlying operating profit rise 59 per cent to hit £88m in the year to 30 June 2014.

Kier also revealed its new finance director would be Bev Dew, grabbing him from Balfour Beatty, where he has been finance director of the UK regional construction business. Kier shares rose 2.63 per cent yesterday, to finish on 1,718p.