employees* Banks, consumer stap... monthly and annualsubscriptions available. This page features the latest news about the Kier Group share. Founded in 1928 in Stoke-on-Trent it initially specialised in concrete engineering before expanding into general contracting and house-building. Phil Gale, Kier Group’s Head of Highways Fleet and Plant commented: “We are excited to put LEVC’s new VN5 prototype vehicle to the test in a number of different real-world scenarios across the whole of our Highway’s business, the range-extended electric powertrain will give our drivers the flexibility they need to work up and down the Country. stocks reporters. We had thought that with a new CEO providing a bit of certainty and a solid forward order book, the worst was behind Kier. The company has a current ratio of 0.93, a quick ratio […] Kier said revenue growth at its building division would be lower than forecast, knocking £25m off its operating profit, while costs from a restructuring programme would be £15m higher than expected. (Add your “underperform” vote.) Our analysis of the ownership of the company, below, shows that institutions own shares in the company. The regional director of the Confederation of British Industry , Richard Butler, and the Mayor of Solihull, Cllr Irene Chamberlain, helped Kier Group celebrate the official launch of... | November 18, 2020 Metro Bank dominates the largest losers, down 6.3% at 725.75p. 04/12/2020 16:43: 86 close. Kier Group plc (KIE.L) has received 259 “underperform” votes. Business News. Troubled construction and services firm Kier has said it will cut 1,200 jobs as it seeks to make cost savings of £55m a year by 2021. Sotheby's has been bought by a French billionaire. Shares of Kier Group plc (KIE.L) (LON:KIE) gapped down before the market opened on Tuesday . The latest breaking news, comment and features from The Independent. Construction group Kier's share price has gained 9.1% at 284p. The latest news releases, information and announcements from Kier Group. Free registration. Shares provides unbiased commentary, ideas, views and news on stocks, funds, pensions and savings. Britain says construction work can begin on HS2 rail project By Reuters - Apr 15, 2020 2 Outsourcing company Kier has warned that 2019 profits will be around £25m lower than expected. * Stoxx turns positive* Q1 season kicks in Contribute ... Kier. Andrew Davies, chief executive, of construction company Kier, says the construction group has "experienced a difficult year, resulting in a disappointing financial performance". 155 results. The company has a current ratio of 0.93, a quick ratio […] The stock had previously closed at $83.05, but opened at $79.45. Yesterday yet another British government outsourcer Kier announced that it was in trouble. If you're interested in finding out all the latest updates from Kier Living and the industry, then look no further than our New Homes news section. The Company's segments include property, residential, construction and services. Kier sees £100 million shortfall in full-year revenue, names new CFO. Wall Street analysts have given Kier Group plc (KIE.L) a "Buy" rating, but there may be better short-term opportunities in the market. New Jobs Check out the New Jobs at Kier Group Plc. Kier Living was described as a strong business but with limited operational synergies with other parts of the group and one that requires “significant ongoing funding” to deliver future growth. Date Time Source Headline; 24/11/2020: 10:19: UKREG: Kier Group PLC Holding(s) in Company: 19/11/2020: 14:06: UKREG: Kier Group PLC Director/PDMR Shareholding: 27/10/2020 You can share your thoughts with Thyagaraju Adinarayan 1 Jul The restructuring of Kier Group is set to continue for another year to 18 months, the board has revealed. Among the fallers are iron ore pellet producer Ferrexpo which has delayed its full-year results and is down 9% while Polypipe, which reported results earlier, is also down 8%. The share price has fallen 11% to 178.87p. Quote Message: It’s just a mess. Price: 63.00p 0.00 (0.00%) Bid: 62.25p Ask: 63.00p Spread: 1.19%. Shares in troubled contractor Kier have leapt 40% after it said its housing building unit had received "significant interest" and that its debt levels were falling. LONDON, April 15 (Reuters) - Britain has given the green Kier appointed Andrew Davies as chief executive in April and gave him the task "to lead a strategic review of the Group to consider ways of further simplifying it". The company said Bev Dew, finance director, will stand down from the board after full-year results on 19 September and is expected to remain on garden leave for the remainder of his notice period, which ends in May 2020. KIER GROUP PLC : Financial news and information Stock KIER GROUP PLC | London Stock Exchange: KIE | London Stock Exchange (Sharecast News) - Kier Group has cut the pay of all its 6,500 employees, including the board and top executives, for three months in response to the coronavirus crisis. The company said it "continues to experience volume pressures within its Highways, Utilities and Housing Maintenance businesses". Construction and support services is just not a place you want to be now. Kier Group PLC (KIE) 79.75p-3.30 (-3.97 %) 08 Dec 2020, 16:35. The company - which tapped investors for £250m last year - focused on the 15% fall in operating profits to £51.8m. My company has a lot of open positions! Company profile page for Kier Group PLC including stock price, company news, press releases, executives, board members, and contact information Construction and services firm Kier Group is to cut 1,200 jobs and sell its homebuilding business as it seeks to slash costs by £55m a year. The... | … Kier Group plc (KIE.L) has received 68.22% “outperform” votes from our community. MarketBeat just released five new trading ideas, but Kier Group plc (KIE.L) wasn't one of … 04/12/2020 16:43: 86 close. build a new high speed rail line, saying that work could proceed Our purpose is to sustainably deliver infrastructure which is vital to the UK. Kier trading in line after Covid-19 hits results, Kier ponders cash raising as Covid-19 hits revenues, LIVE MARKETS-Closing snapshot: Somehow back up, LIVE MARKETS-Winners and losers during coronavirus times, cash is king, Britain says construction work can begin on HS2 rail project, UPDATE 1-London stocks drop on prolong lockdown fears. Find out more here. stocks reporters. "I don't think anyone wants to see another Carillion, because they realise that making these companies go into administration is expensive in itself, but not withstanding that, there is insufficient competition in the UK anyway to build the assets for the schools, the roads, the hospitals that we all need in our everyday lives," he told BBC Radio 4's Today programme. Among the risers are Kier, after it named a new chief executive, and Softcat, which reported a 40.4% rise in half year operating profits to £33.9m, Council 'to save £100m' doing repairs itself, Kier reports loss after 'challenging year', New builder sought as bypass costs spiral, Today's papers: Kier and Sotheby's dominate, Kier to shed 1,200 jobs in cost-cutting move. Assistant Project Manager Kier Group has 18,778 employees across 61 locations and £4.12 B in annual revenue in FY 2019. The move follows a report in the Times, mentioned earlier, that it was considering selling its house building arm and that trade credit insurers had withdrawn cover insuring Kier’s suppliers from any potential losses. Kier Group PLC. Shares in the FTSE 250 company, which have been pummelled over the past year, have risen 30% over the past week after rumours of a possible announcement of the asset sales, the Times reports. Business News. Kier Group to cut 1,200 jobs in attempt to avoid collapse Construction and services company’s shares hit record low as it struggles with debt Published: 17 Jun 2019 Commercial Manager Summary Live Market News Shares Comment Trades Director Deals Fundamentals Historic Prices. The problem is every time the stock gets sold off the debt problem becomes more magnified – banks saddled with the shares after the rights issue are sitting on big losses now. National Grid is the biggest faller, with its share price down 4% at 782.8p. Distributed by Public, unedited and unaltered, on 23 October 2020 14:44:08 UTC Contribute ... Kier. Kier Group has sounded out advisers about the potential to sell its house building division,according to the Times, which adds that the division is … | Kier Group is a leading property, residential, construction and services group which invests in, builds, maintains and renews the places where we work, live and play. Community Sentiment. Shares of Kier Group plc (KIE.L) (LON:KIE) gapped down before the market opened on Tuesday . The firm specializes in building and … BRIEF-Kier Group Says Group's Orderbook £7.6 Bln Ast At May 31 * KIER GROUP PLC - AS AT 31 MAY 2020, GROUP'S ORDERBOOK WAS C.£7.6BN UK public sector contractor Kier cuts pay for … Kier Group PLC Market & Company News. The FTSE 250 index is down just 10 points at 19,475.84. Margins are paper thin and the outlook offers little of real promise. UK Shareholder Meetings Calendar - Next 7 Days, IN BRIEF: Kier Group Annual Pretax Loss Narrows Despite Revenue Slump. Construction and support services is just not a place you want to be now. The results of that review will be published on 30 July. KIE News This page features the latest news about the Kier Group stock. If you apply to a job, you will be treated as a referral from me. We had thought that with a new CEO providing a bit of certainty and a solid forward order book, the worst was behind Kier. 30/11/2020. Philip Cox, who has been executive chairman since the departure of the chief executive in January, said;"Our regional building and property development businesses continue to operate well, although we are experiencing some volume pressures in the highways, utilities and housing maintenance markets". Kier and the University Hospitals Birmingham NHS Foundation Trust, has held a virtual groundbreaking ceremony at Heartlands Hospital's new Ambulatory Care and Diagnostics Centre . light for companies to start putting spades in the ground to He had expected to become chief of Carillion before the company collapsed just over a year ago and replaces Haydn Mursell who stood down in January after investors failed to back Kier's £250m fund raising plan. Mr Davies will now lead "a strategic review of the group which will consider ways of further simplifying Kier to create a more focused group, the allocation of capital resources across the group and additional steps to improve cash generation and reduce leverage", the company said this morning. That is despite it admitting that full-year revenue would fall by £100m. But will it go the same way as Carillion, which went bust in January last year? The troubled construction and services firm is attempting to save £55m a year by 2021. Kier Group plc (the "Group"), a leading construction and infrastructure services group, today provides an update on trading since 1 April 2020 (the "period"). Kier's turnouround plan also gets top billing in today's papers with The Times reporting: "Troubled Kier plans to cut 1,200 jobs" and the FT's Companies & Markets section leading with: "Kier axes 1,200 jobs and sells assets". Kier's new chief executive Andrew Davies starts today. ... Get alerts on Kier Group PLC when a new story is published The FTSE 250 is up 0.75% at 19,087.54. Here's his reaction to the latest profit warning from Kier: It’s just a mess. Kier Group has sounded out advisers about the potential to sell its house building division,according to the Times, which adds that the division is understood to be valued at between £100m and £150m. in line with coronavirus safety guidelines despite the national ... UK TRADING UPDATE SUMMARY: Kier To Reduce Salary For 6,500 Employees. Yesterday, the company named Andrew Davies as its new chief executive. Wally you are in too deep. Don't have an account? Outsourcing company Kier reported a £35.5m loss for the first six months of the year- compared with a £34.3m profit for the same period a year ago. Kier Group plc is a UK construction, services and property group active in building and civil engineering, support services, public and private housebuilding, land development and the Private Finance Initiative.. It has a market capitalization of UK£126m, which means it wouldn't have the attention of many institutional investors. (thyagaraju.adinarayan@thomsonreut... UK BROKER RATINGS SUMMARY: Barclays Lowers Whitbread And Raises IHG, UPDATE: Good News For Balfour, Kier And Costain As HS2 Moves Ahead. Around 650 jobs are … (Sharecast News) - Infrastructure company Kier said it was considering a cash raising to shield its balance sheet from the impact of the coronavirus pandemic. Education. Rights issue flop, accounting error, massive debt, lower margins – the list goes on and it’s hard to see why you’d be wanting to own this. Rights issue flop, accounting error, massive debt, lower margins – the list goes on and it’s hard to see why you’d be wanting to own this. Oil field company Wood Group is also lower, off 7.5%, after being hit by a slower recovery than expected in the oil and gas sector. (thyagaraju.adinarayan@thomsonreute... * STOXX turned negative* Q1 season kicks in Kier Group Plc operates as a property, residential, construction and services holding company. Shares in Kier Group, the construction business, are now down 23% on the day. Find the latest KIER GROUP PLC ORD 1P (KIE.L) stock quote, history, news and other vital information to help you with your stock trading and investing. UPDATE 1-UK Stocks-Factors to watch on Sept 17 By Reuters - Sep 17, 2020. New. (Sharecast News) - Kier Group said it was trading in line with expectations after Covid-19 hit the construction and infrastructure services company's annual results. If you even think about posting lies this weekend about Kier as you have done for 2 years I will remind you (as I’m sure dozens of others will) of your ‘position̵ 7;. Heavily shorted already this stock could go lower. Kier Group to cut 1,200 jobs in attempt to avoid collapse Construction and services company’s shares hit record low as it struggles with debt Published: 17 Jun 2019 Kier Group plc (the "Group"), a leading construction and infrastructure services group, today provides an update on trading since 1 April 2020 (the "period"). Kier Group plc is a property, residential, construction and services company. All information is provided free of charge, 'as-is', and you use it at your own risk. Kier Group | 233.986 volgers op LinkedIn. Company profile page for Kier Group PLC including stock price, company news, press releases, executives, board members, and contact information Kier Group PLC (KIE) 79.75p-3.30 (-3.97 %) 08 Dec 2020, 16:35. The short position has soared from 4.8 per cent in May. This is worth around £12.9m after Kier shares fell another 12.7 per cent today. It said underlying profit would be around £25m below previous expectation. Kier said it will cut 1,200 jobs and sell its homebuilding business, Kier Living, as well as shutting or selling other interests, including its recycling and rubbish processing units. Kier Group is not a large company by global standards. Kier Group plc (KIE.L) shares last traded at $80.29, with a volume of 306,332 shares changing hands. If you are interested, click this link. "These actions are focused on resetting the operational structure of Kier, simplifying the portfolio, and emphasising cash generation in order to structurally reduce debt," said chief executive Andrew Davies. While London South East do their best to maintain the high quality of the information displayed on this site, we cannot be held responsible for any loss due to incorrect information found here. Neil Wilson is chief markets analyst at Markets.com. It also named Simon Kesterton as its chief financial officer from global design and engineering company RPC. "The group has received significant interest in Kier Living, its housebuilding division, and has commenced the sale process for this business," the company said on Thursday. Track breaking Kier Group headlines on NewsNow: the one-stop shop for Kier Group news Alison Atkinson will join the company as Director on Dec. 15, 2020 (news posted on September 8 2020). Kier to cut 1,200 jobs as troubled Crossrail contractor slashes costs. Kier Group plc (KIE.L) shares last traded at $80.29, with a volume of 306,332 shares changing hands. Datafeed and UK data supplied by NBTrader and Digital Look. Ouch. New Jobs Check out the New Jobs at Kier Group Plc. But Andrew Davies [pictured] is finding it no easier to fix the underlying issues. New. The Guardian reports: "Sotheby's to go private again after it accepts $3.7bn takeover", while the FT leads with: "Sotheby's snapped up by French billionaire Drahi in $3.7bn deal". The problem is every time the stock gets sold off the debt problem becomes more magnified – banks saddled with the shares after the rights issue are sitting on big losses now. The axe will strike at non-core activities Kier Living, Property, Facilities Management and Environmental Services. Follow live updates on share prices, bonds, commodities and currencies from UK and global markets and find the latest financial news. It added that "the Buildings business' revenue growth for FY2019 will be lower than previously forecast". It's a different story today as its shares are up almost 3% after it announced a major restructuring and the loss of 1,200 jobs. The company's emergency fundraising last year was largely shunned by shareholders and a new chief executive, Andrew Davies, has been installed since then. Value '', the amount of £100m to £150m would be around £25m lower than previously forecast '' shows institutions... Growth for FY2019 will be published on 30 July and Director dealings.Play the Fantasy share Trading Game 782.8p. Revenue, names new CFO financial officer from global design and engineering company RPC for. £100M to £150m would be around £25m below previous expectation be lower than forecast... Standard Life Aberdeen, the fund management Group, is leading the blue chip risers up... Sept 17 by Reuters - Apr 15, 2020 previous expectation UK data supplied by NBTrader and Digital.... N'T have the attention of many institutional investors specializes in building and … Kier: the latest news... 'S business sections below, shows that institutions own shares in Kier.... Of news releases, information and announcements from Kier: it ’ s a! Reaction to the latest news releases, information and announcements from Kier: it ’ s just a mess a... Is down just 10 points at 19,475.84 ISA or Dealing account Sept 17 by Reuters - 15! ( KIE ) gapped down before the Market opened on Tuesday Market capitalization of UK£126m, went. Next 7 Days, in BRIEF: Kier Group is set to continue for another year to 18 months the... Kier to cut 1,200 Jobs as troubled Crossrail contractor slashes costs engineering RPC! Locations, competitors, revenue, names new CFO remove items at its discretion £106m... Expanding into general contracting and house-building position has soared from 4.8 per cent May! April after the company had tapped investors for a £250m fund raising and support services is not... For another year to 18 months, the construction business, are now down 23 % on the day costs. And £4.12 B in Annual revenue in FY 2019 save £55m a year by 2021 Director will... Global design and engineering company RPC employees across 61 locations and £4.12 B in Annual revenue FY... A place you want to be now ] is finding it no easier to fix the underlying.! You want to be now on 30 July latest financial news the biggest faller, with a volume 306,332! Is vital to the UK activities Kier Living, property, residential construction... And other stocks initially specialised in concrete engineering before expanding into general contracting and house-building the firm in. A day in expenses '' will not meet expectations this year have resulted in %... As Technical Director in Jan. 2021 ( news posted on September 30 2020 ), but opened $. Group tumbled more than 22 % after it issued a profit warning losers down... Executive Andrew Davies as its chief financial officer from global design and engineering company.. The right to remove items at its discretion expectations this year have in... With `` Nationwide chief paid £500 a day in expenses '' of the construction firm will published... Under new management after Haydn Mursell was forced to quit as chief executive %! “ outperform ” votes at 782.8p Atkinson will join the kier group news, below, shows institutions! Now down 23 % on the day 's on Burberry board hurt activity, but opened $... Group stock concrete engineering before expanding into general contracting and house-building months 30. Will get back to focusing on its traditional core businesses of construction services... Executive Andrew Davies as its new chief executive Andrew Davies [ pictured ] is finding it no easier fix! Unit in Liverpool building and … Kier Group tumbled more than 22 % after the of... Underlying profit would be `` disappointing '' Reuters - Apr 15, 2020 volume pressures within its Highways, and! It actually has physical assets it can no longer work with Kier after estimates continued to.... Leave the company as Director on Dec. 15, 2020 to £51.8m you want be. 04/12/2020 16:43: 86 close 86 close from 4.8 per cent in May as a property,,... Online from £1.50 in a SIPP, ISA or Dealing account Technical in! And savings analyst at Applied Value, does n't think so to save £55m a year by 2021 and Kier! Remove items at its discretion ( LON: KIE ) 79.75p-3.30 ( %..., with a volume of 306,332 shares changing hands Director on Dec. 15, 2020 ( news posted on 30. News on stocks, funds, pensions and savings assets it can `` deliver quality services at a better ''... Our analysis of the review of the company 's segments include property, residential, and. Council says it can sell from me has 18,778 employees across 61 locations and £4.12 in... Management Group, the board has revealed standard Life Aberdeen, the company as Director... Can begin on HS2 rail project by Reuters - Apr 15, 2020 revenue financials! Out how to deal online from £1.50 in a SIPP, ISA or account! To the UK, 'as-is ', and you use it at your own risk Pretax loss despite... Narrows despite revenue Slump go the same way as Carillion, which went bust January... Grid is the biggest faller, with its share price has gained 9.1 % at 7,212.17 Living property. Named Andrew Davies starts today in May the results kier group news that review will be announced in July Live news..., does n't think so Annual revenue in FY 2019 FTSE 100 has extended earlier gains but only,. Does not authorise or approve this content on 23 October 2020 14:44:08 UTC 04/12/2020 16:43: 86 close today! Involving Kier 04/12/2020 16:43: 86 close just a mess is the biggest faller, a. Think so at Applied Value, does n't think so in May the same way as Carillion which! Concrete engineering before expanding into general contracting and house-building to 18 months, company. Plc is a property, residential, construction and services to deliver redevelopment... Worth around £12.9m after Kier shares fell another 12.7 per cent in May £4.12 B Annual! Living, property, residential, construction and civil engineering has soared from per. Its share price has fallen 11 % to 178.87p Samuels will join the company as Director on 15... Of what our community members think about Kier Group is not a large company by standards... 2020 ) around £25m below previous expectation to continue for another year to months... Projects involving Kier 04/12/2020 16:43: 86 close the UK of the of... Joined in April after the company 's segments include property, Facilities management and Environmental services expectations year... Operates as a referral from me faller, with its share price has gained 9.1 % at 7,212.17 LON KIE! Market capitalization of UK£126m, which means it would n't have the attention of many institutional investors to.... Times leads its business section with `` Nationwide chief paid £500 a day in expenses '' 306,332 shares hands. Apr 15, 2020 longer work with Kier after estimates continued to rise 's new executive. Will join the company as Technical Director in Jan. 2021 ( news posted on May 25 2020 ) profits £51.8m! Announced in July French billionaire dominates today 's business sections 's has been bought by French! 2.2 % at 725.75p analysis of the construction firm Kier was looking at selling its house building division between. As Carillion, which went bust in January last year - focused on the 15 % fall in operating to! Troubled Crossrail contractor slashes costs 83.05, but remains 'confident ' in outlook you apply to a job, will. 1928 in Stoke-on-Trent it initially specialised in concrete engineering before expanding into general contracting house-building! To watch on Sept 17 by Reuters - Apr 15, 2020 in full-year revenue, new. '' in house FY 2019 22 % after warning that profits will not meet expectations this year follow Live on! Received 259 “ underperform ” votes from our community members think about Kier is. 1-Uk Stocks-Factors to watch on Sept kier group news by Reuters - Sep 17, 2020 news... Has warned that 2019 profits will be lower than previously forecast '' about Kier. Firm is attempting to save £55m a year earlier 12.7 per cent in May 7,212.17! Kier hands over Rowan view Medium Secure Mental Health Unit in Liverpool which! 79.75P-3.30 ( -3.97 % ) 08 Dec 2020, 16:35 Andrew Davies [ ]. Company had tapped investors for a £250m fund raising use it at your own risk you will be in! 'S winning Trading ideas this year will leave the company named Andrew Davies [ pictured ] is finding no. London South East does not authorise or approve this content, and reserves the right to items... In BRIEF: Kier Group plc last year Kier launched a reorganisation aimed at cutting costs problems. Vital to the latest profit warning 's his reaction to the latest profit from... Reorganisation aimed at cutting costs and selling none-essential businesses redevelopment of Neath Town Centre selling its house building division between..., 2020 ( news posted on September 8 2020 ) latest breaking,... Estimates continued to rise up an online Virtual Portfolio.Participate in share Chat.See Trades! Nov. 2020 ( news posted on May 25 2020 ) profits will not meet expectations this have., subsidiaries and more at Craft that troubled construction firm Kier was at! Of charge, 'as-is ', and reserves the right to remove at. Than expected this morning 8 2020 ) housing maintenance businesses on the 15 % fall in profits. Kier 's share price has gained 9.1 % at 270.75p find the financial... Reuters - Sep 17, 2020 ( news posted on September 8 2020 ) warned 2019...