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Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

2 Dec 2016
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-27.00p (-1.91%)
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Latest Key Developments (Source: Significant Developments)

Kier completes 75 mln stg disposal of Mouchel Consulting to WSP Global
Wednesday, 12 Oct 2016 02:26am EDT 

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 02:00am EDT 

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

Kier Group says EU referendum result has had no impact on business to date
Monday, 4 Jul 2016 02:00am EDT 

Kier Group Plc : Kier Group Plc trading update . Since announcement of its interim results on 17 March 2016, group's underlying trading performance has remained in line with management's expectations . EU referendum result has created some uncertainty albeit with no impact on business to date . Property division has a healthy pipeline of projects totalling more than 1 billion stg . Group's net debt position of less than 140 mln stg at 30 June 2016 is ahead of forecast range of 150 mln stg - 170 mln stg . An evaluation of strategic options for Mouchel consulting business, including a possible sale . In construction, as previously reported, trading environment in Caribbean remains challenging . Board, however, believes group's breadth of activities and strong order books provide both visibility and resilience . Acquisitions of May Gurney and Mouchel have significantly increased level of visible, long-term earnings from our construction and services divisions . Current trading is positive and group will continue its disciplined approach to winning work and risk management . Mouchel consulting's ebit for fy16 was £8m and net assets were £25m at 30 june 2016 .It is expected that a profit would be realised on completion of any disposal.  Full Article

Kier Group PLC receives highways England area 7 contract
Wednesday, 23 Mar 2016 03:00am EDT 

Kier Group PLC:Confirms that it has been selected by Highways England as the preferred supplier for design services in the Highways England Area 7 covering the East Midlands.Says the new contract, which is additional to Kier's existing Highways England contracts, is worth up to £50 mln pounds over a five-year period, commencing 1 July 2016.  Full Article

Kier Group PLC secures Scape's 1.5bn minor works framework
Friday, 28 Aug 2015 02:02am EDT 

Kier Group PLC:Says has been retained by public sector owned built environment specialist Scape Group as the sole contractor to deliver up to £ 1.5 bln of construction and maintenance work over the next four years.  Full Article

Kier Group PLC secures contract
Wednesday, 22 Jul 2015 02:01am EDT 

Kier Group PLC:Says it has secured one of Highways England's Smart Motorway Programme (SMP) contracts worth up to 475m poinds, in a 50/50 joint venture with Carillion.  Full Article

Kier Group plc announces disposal of fleet and passenger services business
Thursday, 2 Jul 2015 02:00am EDT 

Kier Group plc:Completed the disposal of its fleet and passenger services business, Kier FPS Limited (FPS), to Alpha Holdco 1 Limited, an entity managed by Endless LLP, for a total cash consideration of 17.9 mln Pounds paid in full on completion.The disposal includes the transfer of FPS' finance lease debt of about 32 mln pounds.Kier and FPS have entered into a five-year agreement under which FPS will continue to supply Kier with fleet services to its local authority highways and utilities businesses.Proceeds from the sale will be used to reduce Kier's debt and finance leases and to fund growth opportunities in line with Kier's strategy.  Full Article

Eiffage SA, Carillion PLC and Kier Group PLC announce JV for High Speed 2 project
Wednesday, 24 Jun 2015 03:01am EDT 

Eiffage SA:Carillion, Eiffage and Kier announce the creation a joint venture for the UK’s High Speed 2 (HS2) rail project.  Full Article

Kier Group PLC wins new construction contracts worth 247 mln
Tuesday, 16 Jun 2015 02:00am EDT 

Kier Group PLC:Kier has been awarded three new contracts under the ProCure 21+ framework.Preferred bidder for 160 mln pounds contract to design and build new critical treatment hospital for Hampshire Hospitals NHS Foundation Trust.New 45,000 sq m campus within the borough of Basingstoke and Deane will include a new cancer treatment centre and critical pathology laboratories, with work planned to start on site in April 2016.Says 25 mln Pounds contract to upgrade three hospitals in Boston, Grantham and Lincoln for United Lincolnshire Hospitals NHS Trust (ULHT), as part of Trust's strategy to modernise hospitals in region, thereby supporting new models of clinical practice.Work has started on site and is expected to complete by March 2016.Contract totalling about 22 mln Pounds to reconfigure and refurbish Dewsbury and District Hospital for the Mid Yorkshire Hospitals NHS Trust.In addition, Kier has been appointed by two NHS Trusts as Principal Supply Chain Partner through ProCure 21+ framework.  Full Article

Kier Group Plc completes acquisition of Mouchel
Tuesday, 9 Jun 2015 02:00am EDT 

Kier Group Plc:Completed the acquisition of the entire issued share capital of MRBL Ltd.  Full Article

BRIEF-Kier Group says c.90 pct shareholders at AGM vote for pay report

* Resolution to approve remuneration report for year ended June 30 2016 gets 89.99 pct votes at AGM Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)