London-listed builder exits ‘challenging’ housing sector after property market slowdown Property A top listed construction firm has pulled out of the UK’s “challenging” housing sector after a slump in demand for new homes across the country. FTSE 250 firm Kier told shareholders on Tuesday that it is pulling all capital out of the residential property sector in a bid to “de-risk” its portfolio. The group’s pre-tax [...]
Infrastructure boom lifts Balfour Beatty, Kier Group and Costain Business London-listed construction firms Balfour Beatty, Kier Group, and Costain, have all reported robust results this week as the UK’s increasing prioritisation of major infrastructure projects starts to life the sector. Their combined order books now exceed more than £30bn and shareholders stand to benefit. All three of the companies hiked their dividends and shareholder returns alongside their [...]
Kier Group shares tumble despite record orders Transport and infrastructure Kier Group shares tumbled this morning despite the firm hiking dividends by a fifth and reporting a record £11bn order backlog. The London-listed group said it would pay investors an interim dividend of 2p, up 20 per cent from last year’s 1.67p. Kier Group’s record £11bn order book rose two per cent year-on-year and means [...]
Kier Group boss ‘confident’ of more dividends as order book nears £11bn September 12, 2024 Kier Group shares have performed exceptionally over the last year, rising over 40 per cent amid strong orders.
Kier: Construction giant’s order book nears £11bn on back of contract wins July 18, 2024 Kier Group's full-year order book came in at £10.8bn, representing a seven per cent year-on-year increase.
Kier back in profit after turnaround process completed September 16, 2021 Construction firm Kier crept back into profit today after two years of hefty losses after completing its reset of the company’s operations. The London-listed firm made a £5.6m reported profit, swinging back into the black after a £225m loss last year. It said that it would use the £351m it has gathered through the sale [...]
Kier group ‘moderately ahead of expectations’ after attempts to slash debt July 13, 2021 Infrastructure services and construction group Kier, which worked on London’s HS2, has finished the year “moderately ahead of expectations”, it said today. The group has been on the receiving end of hefty government contracts, namely a £1bn prisons contract for the Ministry of Justice, for the year ending 30 June. Kier had also accepted a [...]
Kier looks to raise £241m from share placing May 13, 2021 Construction firm Kier today said that it would seek to raise £241m from the placing of 280m new shares in the FTSE 250 company. Priced at 85p per share, the raise will allow the infrastructure group to strengthen its balance sheet and refinance its existing borrowing facilities. Along with the sale of Kier Living, the [...]
Construction firm Kier set for £150m equity raise and division sale – report February 26, 2021 Construction firm Kier is reportedly finalising plans for an £150m equity raise and the sale of one of its divisions in a bid to fix its balance sheet. Sky News reported that the FTSE 250 firm was planning to announce the raise alongside its half year results in April. It is also putting the finishing [...]
Shares of HS2 contractors Balfour Beatty, Kier, Costain surge on green light February 11, 2020 Shares in British construction giants rose today after Prime Minister Boris Johnson opted to press ahead with the controversial HS2 rail project. The PM had been under pressure from some in his party to scrap the project after its estimated cost rose to £106bn. But today he gave the infrastructure scheme the green light, telling [...]