UK MARKET TALK ROUNDUP: SHARES GAINING

12th Jul 2010 08:09

Stocks on the rise in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0709 GMT [Dow Jones] Kier Group's (KIE.LN) year-end update confirms that trading is at the higher end of expectations, says KBC Peel Hunt. Says construction has done well on good order books and support services, including social housing repairs and maintenance and is benefiting from strong client relationships and new wins. Adds that the management recognizes that local authority budgets are likely to come under pressure but says the company is well positioned to benefit. Says that strong cash performance is notable. Has no rating for the stock. Shares are +3.8% at 979p. ([email protected]) Contact us in London. +44-20-7842-9288 [email protected] (END) Dow Jones Newswires July 12, 2010 03:09 ET (07:09 GMT)