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Kier Group PLC

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  • Tuesday, 7 June, 2022
    PwC
    PwC fined £5mn over audits of London-listed construction groups

    UK regulator hands out penalties for failings on accounts of Kier and Galliford Try

    A general view of the exterior of the PWC London offices
  • Monday, 9 August, 2021
    Kier boss admits HS2 rail contracts saved company from collapse

    Government supplier was ‘absolute mess’ but is rebuilding balance sheet, says Andrew Davies

    Worker in HS2 branded jacket
  • Friday, 23 April, 2021
    Investments
    Investors’ Chronicle: Carr’s, Nvidia, Kier

    Companies analysis from our sister publication

  • Thursday, 5 March, 2020
    Capita PLC
    Capita’s shares collapse as investors worry over restructuring

    Chief Jon Lewis admits outsourcer has ‘more to do and requires more investment’ than expected

    Capita
  • Friday, 15 November, 2019
    Kier investors rebel over chief’s potential £1m bonus

    Shareholders reject pay report following disastrous profit warnings

    Kier in Scotland
  • Friday, 4 October, 2019
    UK small companies
    Woodford’s small-cap journey led to liquidity woes

    Investor’s smaller and unlisted stock picks led to huge losses and an investor exodus

    FILE PHOTO: British fund manager Neil Woodford is seen in this undated handout image released July 18, 2019. Jonathan Atkins/Handout via REUTERS/File Photo THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY
  • Thursday, 19 September, 2019
    City Bulletin
    Opening Quote: Kier counts the cost of its turnround

    Your morning City briefing on companies in the news, job moves and what’s happening in the markets

    A crane displays the names of the three partners working on the western section of the Crossrail project, from left, Bam Nuttall Ltd, Ferrovial Agroman Ltd, and Kier Construction Ltd, at the Westbourne Park construction site in London, U.K., on Tuesday, Feb. 19, 2013. Network Rail Ltd. projects include a 6 billion-pound upgrade to the Thameslink line that spans London from north to south and the Crossrail project to build an east-west line through the capital, Finance Director Patrick Butcher said. Photographer: Chris Ratcliffe/Bloomberg
  • Thursday, 19 September, 2019
    Kier swings to £245m loss after ‘difficult year’

    Concerns linger over construction group’s financial health as it warns of Brexit threat to clients’ decision-making

    Homes Under Construction As U.K. House Prices May Decline...A builder lays brickwork using a trowel and cement on a construction site for residential housing by Kier Group Plc., in Hornchurch, U.K., on Friday, July 16, 2010. U.K. house prices will fall through 2012 as the deepest public-spending cuts since World War II and tighter credit conditions deter potential buyers, Capital Economics Ltd. said. Photographer: Chris Ratcliffe/Bloomberg
  • Thursday, 1 August, 2019
    Kier in talks to sell housebuilding business

    UK contractor makes progress on divestment as debt reduction beats expectations

    FILE PHOTO: Cranes fill the sky above a construction site in central London, Britain August 21, 2018. REUTERS/Phil Noble/File Photo
  • Tuesday, 18 June, 2019
    Tail RiskRobert Smith
    Hidden leverage can make ‘dividend traps’ harder to spot

    Investors should beware ruses such as reverse factoring, which flatters a balance sheet

    Kier Group logo
  • Monday, 17 June, 2019
    LexIndustrials
    Kier: digging in Premium content

    Construction business should focus on bringing down net debt

    Kier Group logo
  • Monday, 17 June, 2019
    Crisis-hit Kier to shed 1,200 jobs and sell off assets

    UK contractor hopes restructure will head off concerns over financial position

  • Monday, 3 June, 2019
    LombardMatthew Vincent
    Kier investors get that sinking feeling as they smell a Carillion

    Contractor’s dumping of bad news has left many holding their noses

    Drain sink
									© Millaus | Dreamstime.com
									Title:
									Drain sink
  • Monday, 3 June, 2019
    Kier profit warning sends shares tumbling 40%  

    Pressure mounts on construction business and restructuring costs spiral 

    A sign for BAM, Ferrovial SA and Kier Group Plc (BFK) stands on scaffolding at the Crossrail underground construction site in the Farringdon district of London, U.K., on Friday, July 25, 2014. MTR Corp., the operator of Hong Kong's subway, won a 1.4 billion-pound ($2.4 billion) contract to run the Crossrail train line being built across London. Photographer: Chris Ratcliffe/Bloomberg
  • Friday, 3 May, 2019
    Numis Corp PLC
    Numis profits slump on Kier loss and slow markets

    Broker says Brexit uncertainty and a big fall in transaction volumes dominated the past six months

  • Thursday, 4 April, 2019
    UK outsourcing
    UK warns government contractors to pay suppliers promptly or risk ban

    Cabinet Office writes to more than 10,000 companies to remind them of new rules

    Retail Development Construction On A Balfour Beatty Plc Site...A workman installs concrete reinforcement rods during building works at Balfour Beatty Plc's St. James's Market construction site, a joint Crown Estate and Oxford Properties Group Inc. commercial real estate development, in London, U.K., on Thursday, Aug. 14, 2014. Balfour Beatty rejected a renewed merger proposal by Carillion Plc to form the U.K.'s biggest builder with a market valuation of about 3 billion pounds ($5 billion) because of a dispute over whether to dispose of the Parsons Brinckerhoff division. Photographer: Simon Dawson/Bloomberg
  • Wednesday, 20 March, 2019
    UK builder Kier swings to first-half pre-tax loss

    Construction group reduces debt but slashes interim dividend

  • Tuesday, 19 March, 2019
    FT People: Industry and manufacturing
    UK builder Kier appoints Andrew Davies as chief executive

    Former chief of property and construction group Wates will take the role from April 15

  • Monday, 11 March, 2019
    Kier blames debt increase on accounting error

    Shares tumble after outsourcing specialist adds £50m of borrowing for half year to December

    FILE PHOTO: Cranes fill the sky above a construction site in central London, Britain August 21, 2018. REUTERS/Phil Noble/File Photo
  • Tuesday, 22 January, 2019
    LombardMatthew Vincent
    Jupiter seeks to profit from long/short trade on chief executives

    The Slendebroek-for-Formica swap was not expected though it has a clear rationale

    City veteran Andrew Formica will join a newly created advisory board at Artorius
  • Tuesday, 22 January, 2019
    FT People: Industry and manufacturing
    Kier chief to step down with ‘immediate effect’ 

    Haydn Mursell had led the troubled UK construction group since 2014

    Kier Construction Group free press image
  • Friday, 11 January, 2019
    Inside LondonNeil Collins
    Wealth-destroying projects explain pedestrian UK growth

    Hinkley Point and HS2 have defied all attempts to justify their economics

    A First Great Western train, operated by FirstGroup Plc, crosses the River Thames on the Maidenhead Railway Bridge near Maidenhead, U.K., on Monday, April 16, 2018. British train and bus operator FirstGroup Plc said it rejected an "opportunistic" takeover proposal that private-equity firm Apollo Management made as the company struggles with under-performing rail routes in the U.K. and competition from discount airlines in the U.S. Photographer: Jason Alden/Bloomberg
  • Friday, 28 December, 2018
    Inside LondonNeil Collins
    A decidedly unseasonal recipe served up for investors

    Suddenly, it seems, there are too many things to worry about

    Shoppers cross the street during the Boxing Day sales in central London on December 26, 2018. - Troubled UK high-street retailers shed almost 150,000 jobs this year, hit by high business property taxation, flagging growth and rising online sales, a study showed this week. (Photo by Niklas HALLE'N / AFP)NIKLAS HALLE'N/AFP/Getty Images
  • Thursday, 20 December, 2018
    Lex
    Kier/shorts: going for brokers Premium content

    UK rights issues are usually a cushy number — but occasionally it goes horribly wrong

    FILE PHOTO: Cranes fill the sky above a construction site in central London, Britain August 21, 2018. REUTERS/Phil Noble/File Photo
  • Thursday, 20 December, 2018
    Kier’s emergency rights issue taken up by only 38% of shareholders

    Banks and brokers left with losses after shares in UK construction group fall

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