Kier Group PLC (KIE.L)
18 Dec 2018
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.
* Company now worth just 10 mln pounds vs 1.13 bln in 2014 (Adds comment from Cabinet, updates shares)
* Shares fall more than 22 pct (Adds detail, background, updates shares)
Nov 30 Kier Group Plc will sell shares to raise about 264 million pounds ($336.97 million), the British builder said on Friday, adding that lenders were looking to cut their exposure to the UK construction sector.
Nov 16 British builder Kier Group said on Friday it would meet its expectations for the full year on the back of a strong second half, suggesting that it was able to shrug off a hit to the construction sector from Britain's imminent exit from the European Union.
Nov 16 British builder Kier Group said on Friday it would meet its expectations for the full year, aided by a stronger second half and warned on higher expenses related to its cost-cutting initiative.
* Construction businesses helped by longer-term contracts -CEO
Sept 20 British construction and services company Kier Group reported a higher-than-expected 9 percent rise in underlying full-year pretax profit on Thursday, helped by a hefty order book.
July 10 British construction and support services company Kier Group Plc said on Tuesday it was on course to meet forecasts for underlying profit and earnings while launching a cost-savings plan that will include the sale of non-core assets.
July 10 British construction and support services company Kier Group Plc said on Tuesday it had launched a cost-savings plan that would include the sale of non-core assets, and stuck to its profit forecast for the current year.