Kier Group completes disposal of KHSA to Aussie firm Downer
21st Dec 2018 10:22
(Sharecast News) - Infrastructure services, buildings and developments company Kier Group has completed the disposal of KHSA to Downer Group, it confirmed on Friday, for total consideration of up to AUD 43.7m (£25m), subject to an escrow arrangement.
Read moreThursday broker round-up
20th Dec 2018 14:01
(Sharecast News) - Greencore: Numis upgrades to buy with a target price of 217p.
Read moreKier raises £250m in rights issue
20th Dec 2018 07:54
(Sharecast News) - Kier only received 37.66% acceptance for its rights issue, though as the fundraising was fully underwritten the construction group will receive the £250m net cash proceeds by 28 December.
Read moreFTSE 250 movers: Thomas Cook back from the dead as Spire slumps
5th Dec 2018 14:41
(Sharecast News) - London's FTSE 250 was up 0.07% at 18,341.83 in afternoon trade on Wednesday, as Thomas Cook staged a desperate recovery after a series of negative sessions.
Read moreTuesday broker round-up
4th Dec 2018 13:03
(Sharecast News) - Rightmove: Deutsche Bank upgrades to buy with a target price of 530p.
Read moreCanaccord downgrades Kier as it accounts for rights issue, macro risks
4th Dec 2018 08:55
(Sharecast News) - FTSE 250 construction group Kier was under the cosh again on Tuesday as Canaccord Genuity cut its stance on the stock to 'hold' from 'buy' and slashed the price target to 525p from 1,200p to take into account the heavily-discounted rights issue announced last week and macro risks.
Read moreAnalysts rethink stance on Kier following shock rights issue
3rd Dec 2018 13:40
(Sharecast News) - Analysts at Liberum put Kier under review on Monday, noting that, while it will give the construction services outfit a stronger balance sheet, last weeks' rights issue left the group's cash flow looking poor.
Read moreMonday broker round-up
3rd Dec 2018 13:11
(Sharecast News) - Dunelm: Peel Hunt upgrades to buy with a target price of 750p.
Read moreKier warns of 'growing risks' as it plots £264m rights issue
30th Nov 2018 16:15
(Sharecast News) - Kier has secured backing to raise £264m in a rights issue to reduce borrowing as management see increased risks associated with its net debt position.
Read moreFTSE 250 movers: Computacenter jumps on Amazon partnership; Victrex melts away
28th Nov 2018 14:45
(Sharecast News) - London's FTSE 250 was steady at 18,675.86 in afternoon trade on Wednesday, with Computacenter on the rise on the back of a new partnership with Amazon.
Read moreFTSE 250 movers: Diploma top of the class as oilers fall
19th Nov 2018 14:29
(Sharecast News) - London's FTSE 250 was down 0.57% at 18,694.38 in afternoon trade on Monday, as oil companies dropped amid continuing uncertainty.
Read moreSector movers: Builders benefit from budget, defence stocks downded
30th Oct 2018 12:14
(Sharecast News) - Housebuilders and construction groups were top of the pile on Tuesday thanks to treats doled out by the Chancellor the day before, while defence stocks were under water.
Read moreConstruction sector remains under strain, warns Laing O'Rourke
29th Oct 2018 14:27
(Sharecast News) - Crossrail builder Laing O'Rourke, one of the UK's biggest contractors, has said turbulence across an "oxygen-starved" construction sector means it will be late posting annual accounts.
Read moreSector movers: Builders boosted, food retailers go off
3rd Oct 2018 16:07
(Sharecast News) - The construction and house-building sectors were on the front foot late on Wednesday, while food retailers were dragged down by Tesco's results.
Read moreKier showing 'multiple possible red flags', JPMorgan downgrades
26th Sep 2018 13:28
(Sharecast News) - Kier Group's poor cash flow track record "somewhat reduces" JPMorgan Cazenove's confidence in medium-term guidance from the construction group, leading analysts to downgrade their stance on the shares.
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