London close: Stocks fall ahead of FOMC interest rate decision
17th Sep 2015 16:26
(ShareCast News) - London stocks dropped on Thursday as investors turned their attention to the Federal Reserve's announcement on interest rates due after the close. The market sees a less than 25% chance that the Fed will raise rates. The Federal Open Market Committee publishes its decision at 1900
Read moreKier Group full-year profit jumps, confident on outlook
17th Sep 2015 07:38
(ShareCast News) - Kier Group posted a jump in pre-tax profit for the year ended 30 June as revenue rose thanks to a solid performance in all its divisions. The property and construction group said underlying pre-tax profit came in at £85.9m, up 17% from last year, on revenue of £3.4bn, up from £2.9
Read moreKier Group retained as sole contractor on Scape's £1.5bn project
28th Aug 2015 08:33
(ShareCast News) - Property and construction group Kier Group has been retained as the sole contractor on Scape Group's £1.5bn framework. The London-listed company said the Scape National Minor Works scheme covers the whole of Britain and, over the next four years, will deliver projects valued betwe
Read moreKier names former Keller CEO as new non-exec director
30th Jul 2015 12:35
(ShareCast News) - Justin Atkinson has been appointed as non-executive director of Kier Group, the residential and construction group confirmed on Thursday. Atkinson, who will step into his new role on 1 October, was chief executive of Keller from April 2004 until May this year when he retired and h
Read moreKier's joint venture wins contracts with Highways England
22nd Jul 2015 09:26
(ShareCast News) - Construction firm Kier Group's joint venture with support service group Carillion has secured one of Highways England's largest Smart Motorway Programme contracts worth up to £475m, the company said on Wednesday. The group said the contracts, awarded as part of Collaborative Deliv
Read moreKier sells off fleet unit for £17.9m
2nd Jul 2015 07:32
Construction and property services group Kier has sold off its fleet and passenger services (FPS) business for £17.9m in cash, including the transfer of FPS' finance lease debt of roughly £32m. The FTSE 250 group, which had taken on the FPS unit as part of its acquisition of May Gurney in 2013, said
Read moreLondon pre-open: Stocks to extend drop as Greek crisis deepens
30th Jun 2015 07:40
UK stocks are set to drop further on Tuesday morning after finishing at a five-month low the previous session with Greece set to default on a debt repayment to the IMF. After failing to secure a funding deal with creditors, Athens has effectively ran out of time to come up with the cash to repay the
Read moreKier on track; integration of Mouchel going well
30th Jun 2015 07:09
Kier Group said on Tuesday that the underlying trading performance for all four of its divisions for the year to 30 June 2015 has remained in line with management's expectations. Following the completion of the acquisition of MRBL Ltd (Mouchel) on 8 June, and as a result of continued underlying orga
Read moreCarillion, Eiffage and Kier in HS2 joint venture
24th Jun 2015 08:35
Carillion, Eiffage and Kier have announced a joint venture partnership to support the delivery of the UK's High Speed 2 rail project. The engineering and design firms have experience in the design, construction, operation, financing and maintenance of railway networks in Europe, including high speed
Read moreLondon close: Stocks shake off worries, close off lows
9th Jun 2015 16:38
London stocks managed to finish the session above their worst levels of the day as Wall Street fought to break a three day losing streak, although worries regarding the situation in Greece and the recent selling in German sovereign debt markets continued to weigh on sentiment. The Footsie ended the
Read moreLondon midday: Stocks knocked lower by Greek worries, Chinese data
9th Jun 2015 12:14
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 12:20 the Footsie was lower by 19.89 points or 0.29% to 6,773.54 points. In parallel, Germany's Dax could be seen lower by 1.30% t
Read moreLondon open: Traders watching Greek negotiations closely
9th Jun 2015 08:57
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 09:09 the Footsie was higher by 1.86 points to 6,791.90 points. "The fact that we're seeing technical support levels [across Euro
Read moreKier Group completes acquisition of Mouchel
9th Jun 2015 07:02
Kier Group has completed its £265m acquisition of Mouchel, which is the leading provider of repair and maintenance services to the UK strategic road network. The FTSE 250 group made the acquisition to accelerate its plans for growth in the infrastructure sector. Chief executive Haydn Mursell said:
Read moreLondon pre-open: FTSE to continue lower amid Greece fears
9th Jun 2015 07:01
London-listed stocks were expected to begin Tuesday's session on the back foot, extending losses into their fourth day. City sources predict the FTSE 100 will open around 9-10 points lower than Monday's close of 6,790.04. "The fact that we're seeing technical support levels [across Europe] being br
Read moreFTSE 250 movers: Ophir Energy and Kier Group surge on acquisitions
28th Apr 2015 13:29
Oil and gas explorer Ophir Energy was making gains after reaching an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process
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