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Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

1,350.00GBp
23 Jan 2017
Change (% chg)

-9.00 (-0.66%)
Prev Close
1,359.00
Open
1,350.00
Day's High
1,361.00
Day's Low
1,349.00
Volume
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303,637
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917.50

Latest Key Developments (Source: Significant Developments)

Kier says awarded c.140 mln stg Highways England contract
Tuesday, 20 Dec 2016 02:00am EST 

Kier Group Plc : Awarded new Highways England contract worth c.140 mln stg and negotiations underway to finalise new areas 6 and 8 contracts . A 15-year contract, valued at c.140 mln stg, for repair and maintenance services on area 13 of Highways England network . Kier awarded c.140 mln stg Highways England contract .In addition, final negotiations underway to secure 2-year contract to provide maintenance services on areas 6 and 8, covering East Anglia and East Of England..  Full Article

Kier says has good revenue visibility over next three years
Wednesday, 30 Nov 2016 02:00am EST 

Kier Group Plc : UK housing market continues to face a number of challenges that are leading to a significant imbalance between supply and demand of affordable housing .With a mixed tenure pipeline of more than 600 mln stg providing good revenue visibility for business over next three years, group is well positioned.  Full Article

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

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)