Edition:
United States

Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

407.20GBp
13 Dec 2018
Change (% chg)

-0.80 (-0.20%)
Prev Close
408.00
Open
406.20
Day's High
420.00
Day's Low
399.40
Volume
2,529,223
Avg. Vol
596,857
52-wk High
1,146.80
52-wk Low
364.00

Latest Key Developments (Source: Significant Developments)

Kier Group Proposes To Raise About £264 Mln By Way Of A Rights Issue
Friday, 30 Nov 2018 09:12am EST 

Nov 30 (Reuters) - Kier Group PLC ::ANNOUNCEMENT OF RIGHTS ISSUE.33 FOR 50 FULLY UNDERWRITTEN APPROXIMATELY £264 MILLION RIGHTS ISSUE.CURRENT TRADING AND OUTLOOK FOR FY19 REMAIN IN LINE WITH BOARD'S EXPECTATIONS.RIGHTS ISSUE UNDERTAKEN TO REINFORCE KIER'S STRONG POSITIONS IN ITS GROWING MARKETS OVER LONG-TERM.FORECASTING YEAR-END NET CASH POSITION FOR FY19; TARGETING AN ANNUALISED AVERAGE NET DEBT:EBITDA RATIO OF LESS THAN 1X.TARGETING DIVIDEND COVER OF 5X UNDERLYING EARNINGS PER SHARE IN FY19 AND, THEREAFTER, DIVIDEND COVER OF APPROXIMATELY 2.5X.NET PROCEEDS OF RIGHTS ISSUE OF APPROXIMATELY £250 MILLION WILL ENABLE GROUP TO ACCELERATE ITS NET DEBT REDUCTION PROGRAMME.NET PROCEEDS OF RIGHTS ISSUE WILL BE USED TO PAY DOWN PART OF BALANCE DRAWN UNDER GROUP'S REVOLVING CREDIT FACILITY.  Full Article

Kier Group Confident On Meeting Its FY19 Expectations
Friday, 16 Nov 2018 02:00am EST 

Nov 16 (Reuters) - Kier Group PLC ::KIER GROUP PLC - AGM TRADING UPDATE.SAYS IS CONFIDENT THAT GROUP WILL MEET ITS FY19 EXPECTATIONS,.SAYS AS ANTICIPATED, COSTS OF IMPLEMENTING FPK PROGRAMME IN H1 ARE FORECAST TO EXCEED REALISED SAVINGS BY APPROXIMATELY £10M..SAYS FULL-YEAR FY19 FPK POSITION IS STILL EXPECTED TO BE EARNINGS AND CASHFLOW NEUTRAL..  Full Article

Kier Group Says Co Appointed To Highways England RDP Framework
Wednesday, 7 Nov 2018 06:30am EST 

Nov 7 (Reuters) - Kier Group PLC ::KIER APPOINTED TO HIGHWAYS ENGLAND RDP FRAMEWORK.CONFIRMS IT HAS BEEN APPOINTED TO HIGHWAYS ENGLAND'S £8.7BN SIX-YEAR REGIONAL DELIVERY PARTNERSHIP FRAMEWORK.THE PARTNERSHIP FRAMEWORK FOR BAND B PROJECTS EXCEEDS £100M IN NORTH REGION COVERING NORTH WEST, NORTH EAST, YORKSHIRE AND HUMBERSIDE.  Full Article

Charles Stanley Group Discloses 5 Pct Stake In Kier Group
Friday, 19 Oct 2018 06:33am EDT 

Oct 19 (Reuters) - Charles Stanley Group PLC ::CHARLES STANLEY GROUP DISCLOSES 5 PERCENT STAKE IN KIER GROUP PLC - FILING.  Full Article

Woodford Investment Management Increases Stake To 12.19 Pct In Kier Group
Thursday, 18 Oct 2018 10:54am EDT 

Oct 18 (Reuters) - Kier Group PLC ::WOODFORD INVESTMENT MANAGEMENT INCREASES STAKE TO 12.19 PERCENT FROM 11.15 PERCENT IN KIER GROUP PLC - FILING.  Full Article

Woodford Investment Raises Stake In Kier To 11.15 Pct From 10.02 Pct- Filing
Friday, 21 Sep 2018 08:46am EDT 

Sept 21 (Reuters) - Kier Group PLC ::WOODFORD INVESTMENT MANAGEMENT RAISES STAKE IN KIER GROUP TO 11.15 PERCENT FROM 10.02 PERCENT- FILING.  Full Article

Woodford Investment Management Raises Stake In Kier Group To 10.02 Pct From 5.10 Pct- Filing
Friday, 24 Aug 2018 11:04am EDT 

Aug 24 (Reuters) - Kier Group PLC ::WOODFORD INVESTMENT MANAGEMENT RAISES STAKE IN KIER GROUP TO 10.02 PERCENT FROM 5.10 PERCENT- FILING.  Full Article

Kier Group Names COO, Says Plan To Identify Cost Savings Going Well
Wednesday, 1 Aug 2018 02:12am EDT 

Aug 1 (Reuters) - Kier Group PLC ::GOOD PROGRESS HAS BEEN MADE TO DATE IN IDENTIFYING POTENTIAL COST SAVINGS.CLAUDIO VERITIERO, CURRENTLY ITS STRATEGY & CORPORATE DEVELOPMENT DIRECTOR, HAS BEEN APPOINTED TO ROLE OF CHIEF OPERATING OFFICER.NIGEL BROOK AND NIGEL TURNER WILL STAND DOWN FROM BOARD AND LEAVE BUSINESS WITH IMMEDIATE EFFECT.  Full Article

Kier Group Wins Highway Contract Extensions Worth 250 Mln Stg Annually
Tuesday, 10 Jul 2018 02:00am EDT 

July 10 (Reuters) - Kier Group PLC ::HIGHWAYS ENGLAND AREAS 3 AND 9 CONTRACT EXTENSIONS.SECURES TWO THREE-YEAR EXTENSIONS TO HIGHWAYS ENGLAND AREAS 3 AND 9 CONTRACTS WORTH C.£250M P.A.  Full Article

Kier Group Announces Disposal Of Wheldon Contracts And Services Limited
Friday, 29 Jun 2018 11:23am EDT 

June 29 (Reuters) - Kier Group PLC ::DISPOSAL OF WHELDON CONTRACTS AND SERVICES LIMITED.NET DISPOSAL PROCEEDS AFTER COSTS ARE EXPECTED TO BE IMMATERIAL.COMPLETED DISPOSAL OF WHELDON CONTRACTS AND SERVICES LIMITED TO EIGHTY SEVEN HOLDINGS LIMITED FOR A TOTAL CONSIDERATION OF UP TO £0.4M.  Full Article

Photo

Interserve shares sink as it battles to avoid Carillion's fate

Shares in Interserve lost more than half their value on Monday after the British support services provider said it was in rescue talks which may hand control of the company to creditors in a bid to avoid a Carillion-style collapse.