MARKET TALK: Kier Update Suggests FY Profit At Upper End

12th Jul 2010 09:29

0829 GMT [Dow Jones] Kier Group's (KIE.LN) trading update suggests that FY profits will be at the upper end of expectations, says7 Panmure Gordon. Says the outlook remains challenging, as expected, but its track record helps the company to remain confident. Meanwhile, says the departure of finance director Deena Mattar is a surprise, but thinks Haydn Mursell, who is currently deputy group finance director at Balfour Beatty (BBY.LN) looks like a good replacement. Keeps at buy with 1160p price target. Shares are +4.1% at 982p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires July 12, 2010 04:29 ET (08:29 GMT)