Switch from housebuilders to contractors, says Westhouse Securities
30th Jun 2014 11:13
Investors should switch their preference from housebuilders to contractors, according to Westhouse Securities, which said it sees downside risks in the housing sector. The broker said housebuilders are faced with the potential for tougher regulation, in particular tighter mortgage lending, as threa
Read moreFriday broker round-up UPDATE
20th Jun 2014 09:46
Berkeley Group: Credit Suisse ups target price from 2506p to 2550p reiterating a neutral rating. Crest Nicholson: Jefferies takes target price from 419p to 434p and maintains a buy recommendation. Debenhams: Investec lowers target price from 64p to 62p retaining a sell recommendation. Infinis: De
Read moreKier Group awarded four-year contract with Genesis Housing Association
19th Jun 2014 07:49
Kier Group has scored a four-year contract worth £140m with Genesis Housing Association to deliver planned maintenance works across a portfolio of 33,000 properties in London and the east of England. Under the agreement, which has the potential to be extended for a further six years, the construct
Read moreKier Group lands contract with NHS trust in Staffordshire
20th May 2014 08:06
FTSE 250-listed Kier Group has been appointed as the principal supply chain partner by the University Hospital of North Staffordshire NHS Trust. As part of the contract, which is valued at over £100m, the group will support the integration of an extensive range of health and care services under the
Read moreFTSE 250 movers: Infinis lifted by broker rating
15th May 2014 14:58
Infinis rose strongly after Deutsche Bank upgraded the stock to 'buy' with a target price of 220p. The share price of Kier also rose after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave a positive update on third-q
Read moreKier announces Anglian Water contracts, positive trading update
15th May 2014 10:28
The share price of Kier rose on Thursday after the construction, services and property group was named as a preferred bidder on two new long-term Anglian Water contracts and gave an positive update on third-quarter trading. Kier has been selected to deliver Anglian Water's AMP6 Integrated Metering
Read moreKier reaches financial close on Merseylink toll bridge project
31st Mar 2014 07:49
Construction and infrastructure firm Kier has said that its Merseylink consortium and the Halton Borough Council have reached financial close on the building of a new six-lane toll bridge over the River Mersey. Construction of the Mersey Gateway Project will now start immediately and the project wi
Read moreFriday broker round-up UPDATE
28th Mar 2014 12:35
888 Holdings: Deutsche Bank lowers target price from 166p to 160p retaining its hold recommendation. Aberdeen Asset Management: JP Morgan cuts target price from 529p to 509p and stays with its overweight rating. Advanced Medical Solutions: Investec shifts target price from 121p to 129p, while down
Read moreTuesday broker round-up UPDATE
11th Mar 2014 09:03
Aviva: RBC Capital takes target price from 400p to 550p upgrading to neutral. Nomura increases target price from 489p to 625p and reiterates a buy recommendation. Balfour Beatty: Citi raises target price from 220p to 310p maintaining a neutral rating. Goldman Sachs reduces target price from 335p to
Read moreKier revenue rockets on May Gurney acquisition
27th Feb 2014 12:47
Construction, services and property group Kier posted a 47 per cent leap in first half revenue, boosted in part by its acquisition of services firm May Gurney in July last year. Sales rose from £976m to £1.43bn year-on-year, helping pre-tax profit hit £36.8m from £19.4m a year earlier. Underlying
Read moreThursday broker round-up UPDATE
27th Feb 2014 09:55
Balfour Beatty: Berenberg moves target price from 340p to 350p and stays with a buy recommendation. Bodycote: FinnCap places both its target price (prev.: 620p) and its hold recommendation under review. Investec raises target price from 770p to 810p and keeps a buy recommendation. Numis upgrades fr
Read moreKier Group's CEO steps down
18th Feb 2014 08:04
Kier Group's Chief Executive Paul Sheffield has decided to step down from the construction group. Sheffield, who has been with the company since 1983 and was appointed Chief in April 2010, will leave at the end of June 2014. Group Finance Director, Haydn Mursell, will succeed Sheffield on July 1st
Read moreFTSE 250 movers: Fenner in the red after profits slide
13th Nov 2013 15:53
Reinforced polymer technology firm Fenner reported a sharp drop in full-year pre-tax profit, after reporting difficult trading conditions in the first half, but said its performance improved strongly in the second half as sentiment picks up. The maker of industrial belting products pre-tax profits
Read moreLondon pre-open: Steep drop expected on FTSE
13th Nov 2013 07:25
City sources predict the FTSE 100 will open around 46 points below yesterday's close of 6,727, tracking US markets lower ahead of the release of the Bank of England's (BoE) highly anticipated Inflation Report. Sentiment on Wall Street was dampened last night by heightened speculation about a near-
Read moreKier on track for full-year as signs of recovery continue
13th Nov 2013 07:03
- On course for full-year targets - Construction and Services divisions are robust - Signs of economic growth but experiencing inflationary pressures Construction, services and property firm Kier Group said it remains on course to meet company expectations for the current financial year but, whi
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