London open: Traders watching Greek negotiations closely
9th Jun 2015 08:57
London stocks registered early gains although traders were still treading cautiously given the delicate state of the negotiations between Greece and its creditors. As of 09:09 the Footsie was higher by 1.86 points to 6,791.90 points. "The fact that we're seeing technical support levels [across Euro
Read moreKier Group completes acquisition of Mouchel
9th Jun 2015 07:02
Kier Group has completed its £265m acquisition of Mouchel, which is the leading provider of repair and maintenance services to the UK strategic road network. The FTSE 250 group made the acquisition to accelerate its plans for growth in the infrastructure sector. Chief executive Haydn Mursell said:
Read moreLondon pre-open: FTSE to continue lower amid Greece fears
9th Jun 2015 07:01
London-listed stocks were expected to begin Tuesday's session on the back foot, extending losses into their fourth day. City sources predict the FTSE 100 will open around 9-10 points lower than Monday's close of 6,790.04. "The fact that we're seeing technical support levels [across Europe] being br
Read moreFTSE 250 movers: Ophir Energy and Kier Group surge on acquisitions
28th Apr 2015 13:29
Oil and gas explorer Ophir Energy was making gains after reaching an agreement to acquire four production sharing contracts in Indonesia from Niko Resources. The group said the deals cover the West Papua IV, Aru, Kofiau and Halmahera-Kofiau deepwater sites in Indonesia, adding it was in the process
Read moreKier set to acquire Mouchel for £265m
28th Apr 2015 09:24
Property and construction services company Kier Group has reached an agreement to acquire infrastructure repair and maintenance services group Mouchel for £265m. The FTSE 250 group said the deal for the UK-based group will be backed by a £340m fully-underwritten rights issue, adding it will offer sh
Read moreKier Group secures £170m contract for London project
22nd Apr 2015 09:04
Construction and services company Kier Group has been awarded a £170m contract by Greenland Group as part of a major regeneration scheme in Wandsworth, London. Kier will deliver the first phase of The Ram Quarter project, which comprises of three stages worth a total of £600m, including a 411,000sq
Read moreKier wins construction framework and London contracts
17th Mar 2015 08:08
Construction and services group Kier has been selected for all three lots under the £2bn Southern Construction Framework and been named preferred bidder on two contracts in London. The four-year regional construction framework, one of the largest in the UK, will encompass a pipeline of multiple cont
Read moreKier Group H1 profits and revenues rise thanks to strong housing demand
25th Feb 2015 08:13
Property construction firm Kier Group saw its revenues rise 10.5% during the first half of the year driven by good performance in its property and construction divisions. The group decided to raise its dividend by 7% to 27p after reporting strong demand in its construction and services divisions, wi
Read morePanmure Gordon picks out "most vulnerable" UK dividends
18th Feb 2015 13:27
Panmure Gordon has warned of "storm clouds on the horizon" for income investors as corporate payouts reach "unsustainable" levels and has picked out several FTSE 350 companies where dividends appear particularly vulnerable. Although the UK economy has begun 2015 in rude health, the broker pointed ou
Read moreKier Group wins £177m worth of contracts
13th Feb 2015 08:19
Kier Group has scored £177m worth of contracts including the redevelopment of Birmingham Women's Hospital and a new emergency and paediatrics wing at Scarborough Hospital in York. The company will help construct a new build clinical block and refurbishment of the existing Birmingham Women's Hospital
Read moreKier Group reveals it has won £145m in Middle Eastern contracts
19th Jan 2015 08:17
Construction firm Kier Group has won contracts in the Middle East worth more than £145m since the beginning of the calendar year. The company was named "preferred bidder" for a £100m mixed-use development contract and two infrastructure contracts totalling £15m in Dubai. Kier Group has also secured
Read moreLondon close: UK equities rise to two-week high despite weak commodity stocks
22nd Dec 2014 16:26
Weakness in the resource sectors limited gains in London on Monday, though equity markets still managed to register their fifth straight day of gains as investors readied themselves for the Christmas break. The FTSE 100 finished 0.5% higher at 6,577, but pulled back after reaching a high of 6,620.95
Read moreLondon midday: Markets quiet ahead of Christmas but stocks extend gains
22nd Dec 2014 11:35
UK stocks were set to hit a two-week high on Monday as the 'Santa Rally' continued into its fifth straight day, with energy shares providing a boost on a continued rebound in crude prices. London's FTSE 100 was up 0.8% at 6,597 by around midday. It has not closed above this mark since 8 December. "
Read moreLondon open: Late Santa Rally puts UK stocks on track for two-week high
22nd Dec 2014 08:48
UK stocks rose for the fifth straight session on Monday and were set to hit a two-week high with the so-called 'Santa Rally' finally taking hold ahead of a shortened trading week. London's FTSE 100 was trading 0.8% higher at 6,598 in early deals. It has not closed above this mark since 8 December.
Read moreLondon pre-open: Positive start expected to shortened Christmas week
22nd Dec 2014 07:28
UK stocks are set to jump strongly when markets open on Monday morning, extending their recent winning streak into a fifth straight day ahead of a shortened trading week. City sources predict the FTSE 100 will open 50 points higher than Friday's close of 6,545.27. The index surged 4% over the past
Read more