Kier hardy, despite demanding trading conditions
13th Sep 2012 07:07
Construction group Kier has described its full year results as 'solid' and 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. Underlying earnings per share (EPS) of 15
Read moreKier is preferred bidder for Watford Health Campus project
31st Aug 2012 07:20
Kier Group has been chosen as the preferred bidder for the Watford Health Campus project, a development that will see new hospital facilities and housing built in south-west Hertfordshire. The £240m contract, assigned by the Health Campus Partnership, which was formed by Watford Borough Council, We
Read moreSector movers: SSE sparks electricity sector
22nd Aug 2012 16:25
Utility giant SSE was making gains on Wednesday afternoon, providing a lift to the electricity sector in London, after announcing that it has hiked its gas and electricity bills for customers. Prices for SSE's household customers in the UK are to increase on average by nine per cent for both electr
Read moreKier consortium selected for Scottish infrastructure hub
9th Aug 2012 07:31
A consortium that is made up of Kier Project Investment, Equitix Holdings, Galliford Try Investments and John Graham Holdings has been named as the preferred bidder for a new infrastructure hub in south-west Scotland. The consortium, which operates under the name of the Alliance Community Partnersh
Read moreLondon pre-open: FTSE to get boost from Chinese data
9th Aug 2012 07:27
City sources predict the FTSE 100 will open up 22 points from yesterday's close of 5,846, pushed higher by Chinese inflation data which revealed that growth in consumer prices had dropped to a 30 month low during July. The figure stood at 1.8 per cent last month, compared to 2.2 per cent the previou
Read moreKier makes double sale and invests in JV
2nd Aug 2012 08:40
Construction, services and property group Kier, which recently conducted a strategic review of its plant business, has sold its temporary accommodation business and its mechanical plant and small tools unit. The small tools unit was sold to Ashtead Plant Hire for a maximum total consideration of £
Read moreTuesday tips round-up: Morrisons, Kier, Segro
26th Jun 2012 07:03
In the Telegraph, Questor gives supermarket chain Morrisons a pummelling. The stock fell yesterday on news of the finance director leaving, while in some crucial areas the company appears to be playing catchup, notably in online sales and convenience stores. Trading on 10 times earnings, and lagging
Read moreKier trading in line
25th Jun 2012 07:23
Construction, services and property group Kier said its overall trading performance remains in line with expectations as it maintains robust order books and a healthy cash position. Trading at its construction division continues to be resilient with current operating margins above 2%, it said. "T
Read moreKier performing well in year to date
17th May 2012 10:20
Construction, services and property group Kier shares were up after the firm said it remains on course to meet its expectations for the current financial year and is performing well in the current market. Its Construction division has continued to be resiliant, the firm said, and maintained operati
Read moreTuesday broker round-up - UPDATE
17th Apr 2012 08:36
BHP Billiton: Jefferies reiterates buy rating and 2,500p target. Burberry: Merchant Securities downgrades from buy to hold; Investec maintains buy recommendation and 1,690p target. Dairy Crest: Numis upgrades from add to buy. Daily Mail & General Trust: Investec maintains buy rating and 578p targ
Read moreLondon close: Bernanke comments fuel late sell-off
29th Feb 2012 16:27
- Stocks tumble on Bernanke comments. - Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. After trading within a narrow 20-point range for the majority of the day, the FTSE 100 plummeted late on as US Federal Reserve Chairman Ben Bernanke gave some gloomy comments the e
Read moreLondon midday: Stocks settle after ECB refinancing
29th Feb 2012 11:38
- Higher-than-expected LTRO take-up. - ITV surges on 'exceptional turnaround'. - Ludowici issues overshadow impressive 2011 for Weir. The initial celebration of the results of the European Central Bank's (ECB's) refinancing operation quickly faded in late morning trade, with the Footsie broadly fl
Read moreLondon open: Stocks flat ahead of ECB refinancing operation
29th Feb 2012 08:31
- Investors await ECB's LTRO. - ITV jumps 7% after strong 2011. - Ludowici issues overshadow impressive 2011 for Weir. The Footsie lacked direction in the opening hour on Wednesday as investors hold out for the result of the European Central Bank's (ECB's) second longer term refinancing operation,
Read moreLondon close: US data provides a lift
23rd Feb 2012 16:28
- US data comes in better-than-expected. - EC cuts GDP estimates across the board. - RBS, Capita lead risers after full-year results. London's blue chip index finished strongly on Thursday, gaining nearly 40 points in the final two hours, after some better-than-expected economic data Stateside bo
Read moreFTSE 250 movers: Bodycote leaps as profits surge
23rd Feb 2012 13:29
Shares in metals and alloys treatment firm Bodycote rocketed after it said profit surged 68% helped by strong demand at its aerospace and defence unit and robust sales overseas. The group said despite economic headwinds, particularly in Europe, the business would continue to make progress in the com
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