Kier trumps Costain's bid for May Gurney
24th Apr 2013 07:22
Construction, services and property firm Kier Group has trumped Costain in its bid for smaller peer May Gurney, scuppering plans to merge the two latter companies together. Kier said on Wednesday that it had reached an agreement on the terms of a recommended offer for May Gurney which values the c
Read moreKier and Costain butt heads over May Gurney bid
27th Mar 2013 13:47
FTSE 250-listed construction, services and property group Kier Group has signalled its possible interest in acquiring AIM-listed May Gurney Integrated Services just hours after the latter and UK engineering company Costain published details of a proposed all-share merger. Kier Group said that it ha
Read moreTuesday broker round-up UPDATE
12th Mar 2013 07:19
Abcam:Investec shifts target price from 484p to 487p and keeps a buy recommendation. Admiral Group: UBS ups target price from 1200p to 1275p and reiterates a neutral rating. Amlin: Westhouse Securities raises target price from 440p to 455p, but downgrades from add to neutral. Anite: Numis reduce
Read moreFriday broker round-up UPDATE
1st Mar 2013 07:17
Ashtead Group: Citigroup increases target price from 487p to 590p and keeps a buy recommendation. Atkins: JP Morgan raises target price from 893p 920p, reiterating an overweight rating. Berendsen: Panmure Gordon moves target price from 582p to 760p, while staying with its hold recommendation. Cant
Read moreKier Group posts revenue fall in line with forecast
28th Feb 2013 08:57
Construction firm Kier Group reported a seven per cent fall in half-year revenues in line with expectations as the UK building sector grappled difficult market conditions. Total revenue for the six months ended December 31st 2012 came to £976m, compared to £1.0bn for the same period a year earlier.
Read moreKier boosted by Funding for Lending scheme
15th Jan 2013 08:01
Construction, services and property group Kier is set to benefit from a multi-million pound loan under the government's funding-for-lending scheme (FfLS). The firm has entered into a £30m unsecured four-year bilateral loan with Lloyds Banking Group. The FfLS was introduced by the government partly
Read moreLondon close: Footsie at two-month low on global uncertainty
15th Nov 2012 16:31
- FTSE 100 at lowest level since early September - US, Eurozone and UK data disappoints - BP reaches settlement with US DoJ Political uncertainty and disappointing economic figures the world over weighed heavily on UK stock markets today, pushing the FTSE 100 close to its lowest levels since early
Read moreFTSE 250 movers: WS Atkins rises into top spot
15th Nov 2012 16:29
Design and engineering consultancy group WS Atkins jumped after it topped expectations with its interim profits, and signalled optimism for the future by announcing that it has resumed recruiting. Property consultancy Savills got off to a positive start on Thursday after announcing that its overal
Read moreKier in line for year despite sluggish construction
15th Nov 2012 08:00
Construction, services and property group Kier said it remains on course to meet full year expectations as it builds momentum towards the second half of the year. Trading at its construction division has remained stable, despite a challenging market, and has secured over £400m of new work since Jul
Read moreKier scores 10-year contract with four East Sussex councils
30th Oct 2012 13:05
Construction and engineering giant Kier has been awarded a 10-year environmental services contract with four councils in East Sussex. The contract, which is valued at £120m, or £12m per annum, also has an optional 10-year extension. Under the contract, which covers almost 200,000 properties, the
Read moreSector movers: SABMiller and Britvic drag beverage stocks lower
18th Oct 2012 14:41
Beverage stocks were in negative territory on Thursday afternoon with drinks groups SABMiller and Britvic providing a drag. Lager group SABMiller was trading 1.5% lower despite seeing good growth in lager volumes shipped across most regions in the first half of its financial year. Weighing on the s
Read moreKier sells stakes in two PFI projects
18th Oct 2012 07:57
Construction and engineering giant Kier has sold its interests in two private finance initiative (PFI) projects, Bournemouth Library and Greenwich Neighbourhood Resource Centres. Kier announced on Thursday morning that it had completed the sale of its 50% stake in the two projects for a total £5.4m
Read moreFriday tips round-up: Premier Farnell, Kier, BAE/EADS
14th Sep 2012 07:07
In the Times, the Tempus column notes the big surge yesterday by electronic components distributor Premier Farnell. This was probably because of an impressive performance in August when sales increased. The company is seen as a canary in the coal mine indicator of global trends because it has almo
Read moreOrder book steady at resilient Kier
13th Sep 2012 08:10
Kier Group battled through tough trading conditions to deliver full-year results in line with expectations. Underlying pre-tax profits of £70.0m in the year to June 30th were up 2% on the previous year's £68.9m and a shade ahead of market expectations of £69.7m. The increase in adjusted profits w
Read moreLondon pre-open: Flat start expected for FTSE
13th Sep 2012 07:21
City sources predict the FTSE 100 will open unchanged from yesterday's close of 5,782. BAE Systems surged before the close of trade on Wednesday after it confirmed rumours that it is in talks with European aerospace giant EADS regarding a 'possible combination'. Small gains were seen in the US
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