Keller Group acquires Australian construction firm
2nd Jul 2015 11:50
Keller Group has acquired Austral Construction in a deal worth £30.3m, the company said Thursday. Under the deal, Keller will pay £20.5m in cash for the Australian firm and make deferred payments of up to £9.8m dependent on Austral's earnings in the three years up to June 2018. Austral, which had g
Read moreFTSE 250 movers: JustEat surges on Munlog offer, miners higher
22nd May 2015 13:15
UK stocks were retained gains on Friday, buoyed by higher commodity prices and data revealing the US remained in deflation last month. Sector-wise gains made by miners, engineers and telecoms stocks outweighed weakness in technology and travel stocks. As of 15:30 BST, the FTSE 250 was trading 68 po
Read moreKeller buys net assets of GeoConstruction from Layne Christensen Company
21st May 2015 08:11
Engineer Keller Group has agreed to buy the net assets of GeoConstruction Group (Bencor) from Layne Christensen Company for a consideration of about $40m. Bencor, which is based in Dallas and operates throughout North America, offers diaphragm walls (D-walls), a product often used in major infrastru
Read moreFTSE 250 movers: Keller hit by delays and weak US market, property stocks surge
14th May 2015 12:57
UK stocks rebounded from early losses by mid-afternoon, but recovery remained capped by concerns of Greek instability. Sector-wise, miners and computer services provided the biggest drag, while property stocks and insurers provided a welcome boost. At 2:30 BST, the FTSE 250 was trading 50 points hig
Read moreWeaker US market, European project delays dent Keller's financials
14th May 2015 08:32
Engineering company Keller Group said a slow construction market in the US, intense competition in the Middle East and project delays have hurt profits and revenues during the last quarter. In the four months to April, Keller saw a decline in revenues and profits when compared with same time last ye
Read moreSector movers: CRH and Balfour Beatty drag construction/materials stocks lower
9th Mar 2015 14:31
Construction and material stocks were under the weather on Monday, with the sector being dragged lower by heavyweights CRH and Balfour Beatty. CRH, which is set to pick up assets worth €6.5bn from Holcim and Lafarge as part of the cement companies' planned merger, was trading 3.5% lower after weeken
Read moreFTSE 250 movers: Amlin sinks on weak profits, Electrocomponents up as chairman buys shares
2nd Mar 2015 13:19
Amlin, the British insurer and re-insurer, topped the fallers after reporting a drop in full-year pre-tax profit by 21%, as an environment of low interest rates and weaker investment return dented profitability. Broker Numis Securities cut its rating on the stock from' buy' to 'hold', noting the res
Read moreKeller Group reports declining pre-tax profits following contract dispute
2nd Mar 2015 09:34
Keller Group has reported a decline in pretax profit for 2014 after experiencing a contract dispute. At the same time, adjusted pretax profit and revenue each recorded a rise despite the strengthening pound. The company's revenue increased from £1.44bn in 2013 to £1.6bn in 2014. Acquisitions that we
Read moreKeller lands Singapore Changi airport deal
7th Jan 2015 08:26
Shares in engineer Keller Group were up 1.2% on Wednesday morning after it was awarded a £28m contract at Changi Airport in Singapore. The FTSE 250 group will provide vibrocompaction of the ground as part of the land preparation works for a major expansion of the airport. The contract is for a tota
Read moreKeller Group wins Caspian region contract
11th Dec 2014 07:44
Ground engineering firm Keller Group has been awarded a contract for the supply and installation of precast piles in the Caspian region. The contract is worth £113m and the group has been issued a notice to proceed with the first phase of the work for £16m, which is scheduled to be completed within
Read moreLondon close: Markets gain as ECB money-printing talk cheers traders
17th Nov 2014 16:15
The London market moved higher on Monday as the prospect of a boost for the European economy helped make up for dismal economic news from Japan. The FTSE 100 Index gained 17.6 points to 6671.97 after European Central Bank president Mario Draghi hinted that quantitative easing could be on the cards t
Read moreFTSE 250 movers: Keller Group fails to impress with interim statement
17th Nov 2014 15:55
Keller Group dropped sharply despite the group delivering a trading update in line with expectations for the period from 1 July to 16 November. However, investors were concerned by the difficult conditions in European markets and weakness in Australia. Mitie's shares took a knock after the support s
Read moreBroker tips: Salamander, Keller Group, Majestic Wine
17th Nov 2014 13:09
The possible bid from a consortium of investors led by Spain´s CEPSA for oil explorer Salamander would be successful were it to take the form that has been mooted, broker Canaccord Genuity said in a research note e-mailed to clients. On Friday 14 November Salamander said it had received a 121p per s
Read moreLondon midday: Stocks hold slightly lower as Quindell craters
17th Nov 2014 12:20
UK stocks were still registering small losses come midday, weighed down by negative references out overnight from Asia, despite which miners were holding at the top of the leader board. As of 13:14 the Footsie was lower by 13 points to 6,640. Japan´s GDP contracted at a 1.6% annualised rate in the
Read moreBroker snap: Investec confident of Keller's outlook
17th Nov 2014 11:58
Investec said it remained "confident" in its outlook for ground engineering specialist Keller after it reported trading in line with expectations. Both revenue and profit for the period between the start of July and 16 November came in ahead of the previous year, with steady growth in US constructio
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