Plenty for Just Eat to chew on as it falls out of FTSE 100 to be replaced by engineering firm Spirax-Sarco December 6, 2018 Just Eat shares were down five per cent this morning as the company took stock from being demoted from the FTSE 100 yesterday. The food delivery company, which has come under siege in recent years from competitors Deliveroo and Uber Eats, dropped out of the top tier index as FTSE Russell announced the winners and [...]
Royal Mail, Kier Group and Thomas Cook set to lose out in tomorrow’s FTSE reshuffle, as insurer Hiscox looks set to join the big league December 4, 2018 Royal Mail will need a miracle to avoid relegation from the FTSE 100 Index tomorrow, as insurer Hiscox looks ready to step into its place as a blue chip firm. The winners and losers of the last FTSE reshuffle of the year are to be announced tomorrow afternoon, with Thomas Cook, Kier Group and the [...]
Outsourcers’ woes continue as construction giant Kier Group braces for potential drop from FTSE 250 December 4, 2018 The beleaguered UK outsourcing industry could suffer another blow in coming days with construction giant Kier Group looking set to drop from the FTSE 250 index. Kier’s stock was down another eight per cent this morning as the spectre of Wednesday’s round of FTSE index relegations and promotions loomed. City A.M. understands Kier is one of several [...]
FTSE 250 outsourcer Kier sees shares plummet as it asks shareholders for £264m to slash debt November 30, 2018 Construction services company Kier Group’s share price plummeted to its lowest point for a decade this afternoon as it announced a plan to raise £264m to pay off debts. The FTSE 250 firm said the rights issue would give existing shareholders the chance to buy its stocks for 409p each, a 34 per cent discount [...]
Sharks circle Kier Group despite construction giant’s ‘future-proofing’ plans November 19, 2018 Five funds have raised their bets against Kier Group so far this month, as traders predict the construction giant will be the next big outsourcer to have its shares tumble. Funds including Blackrock and George Soros-backed SFM UK have raised their short positions in Kier recently, even after the company unveiled a plan in late September [...]
British builder Kier Group confident of meeting full-year expectations with results weighted towards second-half of financial year November 16, 2018 Kier Group has announced that it is confident of meeting its full-year expectations ahead of its AGM today, with the full-year results being weighted towards the second half of the financial year. The FTSE 250 listed company have said it will continue to focus on operational cash generation and reducing net debt as part of their Future Proofing Kier (FPK) [...]
Kier defies expectations with strong profits as order book swells September 20, 2018 Construction and services company Kier Group posted a better-than-expected nine per cent rise in profit this morning, fighting off investor fears following the collapse of competitor Carillion earlier in the year. Bolstered by a growing order book, the FTSE 250 firm’s underlying pre-tax profit jumped to £137m in the year to June, compared with £126m [...]
Kier Group will raise £340m to pay for Mouchel April 28, 2015 Construction group Kier will control 30 per cent of the UK’s road network if its proposed deal with international infrastructure firm Mouchel goes ahead. The FTSE 250 company yesterday confirmed that it has entered into a conditional agreement to buy Mouchel in a deal worth £265m. Shares in Kier Group went up by [...]