London open: Rise continues
17th Sep 2009 08:15
Miners are giving London's blue chips a boost in early dealings, while Tullow Oil gained on the second oil find in as many days. Fresnillo, Kazakhmys, Antofagasta, Lonmin and Xstrata are all among the top performers. Tullow Oil gained after announcing the discovery of a significant oil field at N
Read moreKier Group sees markets improving
17th Sep 2009 07:29
Building and civil engineering contractor Kier Group reported annual pre-tax profit of £24.8m down from last year's figure of £63.4m but there are signs that its markets are improving. The group took write-downs of £49.8m while it added a £27.3m credit from its retirement scheme. Revenue for the ye
Read moreThursday preview: Kingfisher, Booker, Kier
16th Sep 2009 17:46
DIY retailer Kingfisher issues interim results that are likely to see a recovery in profitability, albeit with some help from favourable currency movements. Owing to accidental distribution of in-house figures to some City analysts Kingfisher had to rush out a profit statement on 8 September, so we
Read moreKier wins £600m North Tyneside deal
7th Sep 2009 10:24
Kier has signed a ten-year contract with North Tyneside Council to repair and maintain its social housing stock and other council-owned property. The deal has a potential value of over £600m which could increase as the contract is extendable for a further five years. A workforce of 500 has transf
Read moreKier looking for land again
13th Jul 2009 07:54
Contractor Kier Group expects full-year underlying profit will be in line with market expectations despite the challenging market conditions. Net cash balances at the end of June 2009 was £90m, down from £144m at the end of June 2008 but up from £82m at the end of 2008. The Construction division h
Read moreKier JV's Utd Utilities deal extended
7th Jul 2009 16:00
The KMI Plus joint venture that includes contractor Kier Group has won a £250m extension to a contract with United Utilities. Kier and partners, Murphy Group, Interserve and Mouchel, got the extra work for their Non Infrastructure Capital Delivery framework. Today's deal extends the relationship
Read moreSunday tips round-up: FirstGroup, Standard Chartered, Kier
28th Jun 2009 12:57
FirstGroup shares were 657p last summer but today they are 370¾p. The stock has been affected by concerns about transport companies in general, concerns about fuel costs and concerns about debt. But First is in a far better position than most other transport groups, its debt is being paid off stea
Read moreFTSE 250 movers: Tullett falls as currency hits sales
14th May 2009 12:22
Inter-dealer broker Tullett Prebon raised revenue by 10% in the first four months of 2009. But the figure is down 6% on the same time last year at constant exchange rates and the shares are down. Shares in Kier Group also fall. The contractor said trading remains varied across its divisions, with s
Read moreKier trading still mixed
14th May 2009 08:46
Contractor Kier Group said trading remains varied across its divisions, with some activities benefiting from high public sector expenditure and others continuing to operate in challenging conditions. The construction division continues to perform well, with the public sector accounting for about 75
Read more