Kier joint venture selected for £1bn Thames Water infrastructure project
22nd Dec 2014 07:17
A joint venture between Kier Group and Clancy Docwra has been named as the preferred bidder for a £1bn Thames Water infrastructure project. The contract has an estimated value to the KCD joint venture of £500m over the next five years. The work will start in April 2015 and run for up to 15 years. T
Read moreKier announces potential new partnership arrangements
11th Dec 2014 11:39
Property construction firm Kier Group has announced two new projected partnership arrangements with local authorities. Kier has been recommended as the preferred bidder for a 10-year property partnership with Staffordshire county council and Staffordshire's police and crime commissioner, valued at £
Read moreFTSE 250 movers: Energy stocks rebound after OPEC decision fall-out
2nd Dec 2014 14:30
Energy companies rebounded on to the risers list on Tuesday after dropping substantially in the fallout from OPEC's decision to maintain the rate of oil production last week, which caused the price of crude to drop to its lowest in more than four and a half years. Afren rose after declining on Monda
Read moreKier Group confirms start date for finance director Dew
2nd Dec 2014 08:17
Kier Group has confirmed that Bev Dew will begin as finance director from 1 January. Dew's appointment was announced in September, but his starting date was yet to be decided at the time. "I am delighted to be able to announce that Bev will be joining us in the New Year and I look forward to welcom
Read moreKier confirms it held takeover talks with Mouchel
1st Dec 2014 07:40
Infrastructure and construction company Kier Group has confirmed reports that it is in talks to buy sector peer Mouchel. "In view of recent press speculation, Kier Group confirms that it has held preliminary discussions regarding a potential acquisition of Mouchel," Kier said in a statement on Monda
Read moreKier enjoys strong Q3 due to positive order book momentum
12th Nov 2014 09:51
Property, construction and services group Kier said it met expectations with its third quarter performance thanks to strength in its residential and services divisions. Its construction and services order books improved from £6.2bn in June last year to £6.3bn this year, which the company said repres
Read moreFTSE 250 movers: Miners regain recent losses
24th Sep 2014 15:22
Mining group Kazakhmys rose after announcing that it has been awarded a contract for the construction of a sulphide concentrator at Aktogay, its second major copper growth project, to Non Ferrous China (NFC). The sulphide concentrator contract is the largest item in the capital expenditure budget fo
Read moreLondon pre-open: Stocks expected to gain after Fed meeting, ahead of Scottish vote
18th Sep 2014 07:48
UK stocks look set to gain early on in Thursday's session, ahead of the much-debated vote on Scottish independence and following the conclusion of the latest Fed meeting the previous day. Overnight, both US and Asian stocks delivered gains, which are expected to help drive the FTSE 100 around 18 poi
Read moreKier Group appoints FD as sales soar
18th Sep 2014 07:11
British construction and property developer Kier Group has apppointed a new finance director as it posted final results slightly ahead of expectations thanks to strong organic growth at its construction arm. The group, which lifted revenue 51% to £3bn in the year to 30 June, said Beverley Dew, a fin
Read moreThursday preview: Scots vote on independence from the UK
17th Sep 2014 17:23
Scotland’s referendum on independence from the UK will take centre stage on Thursday. Polls have been too close to call ahead of the vote. In the latest prediction, Irish bookmaker Paddy Power on Wednesday said it expects some of the biggest cities in Scotland will vote ‘no’ in th
Read moreKier awarded London tower and waterways contracts
1st Sep 2014 08:13
Construction and civil engineering group Kier has won two new lots of work, comprising the building of a high-rise tower in London and a six-year waterways contract. In a statement on Monday, Kier said its construction division has been appointed by Knight Dragon Developments as the preferred bidde
Read moreFTSE 250 movers: Mining stocks weaken, Hays extends losses
11th Jul 2014 15:26
Mining stocks were dominating the fallers list on the FTSE 250 on Friday as risk appetite weakened ahead of the weekend. Kazakhmys, Centamin, Polymetal and African Barrick Gold were all suffering heavy losses by the afternoon. UK recruitment company Hays was extending losses made yesterday after it
Read moreFTSE 250 movers: Ocado rebounds from yesterday's heavy losses
2nd Jul 2014 15:02
Online grocer Ocado was rebounding strongly after a heavy fall the previous day with analysts at Deutsche Bank providing a lift by upgrading the stock to 'hold'. The company underwhelmed the market with its interim results on Tuesday, but the bank said it now sees limited downside to its target pric
Read moreBroker tips: Persimmon, BT Group, Kier, Ocado
2nd Jul 2014 12:31
Hargreaves Lansdown Stockbrokers said that housebuilder Persimmon "continues to make hay while the sun shines" as it reported a solid second-quarter trading update on Wednesday. "With accommodative monetary policy underpinning the housing market, interest rates unlikely to rise markedly for now, an
Read moreWesthouse encouraged by trading at Kier Group
2nd Jul 2014 12:24
Westhouse Securities has repeated its 'buy' recommendation for construction, support services and property outfit Kier Group, saying that "trading continues to encourage". The company said on Wednesday that its underlying trading performance for the year to June 30th "remains on course" with "good
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