The property division encompasses property development and structu red finance, and operates across various sectors with a focus on industrial, commercial, retail, leisure sectors and public sectors. 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. Get the latest KIER GROUP PLC ORD 1P (KIE.L) stock news and headlines to help you in your trading and investment decisions. Construction and support services is just not a place you want to be now. Kier Group plc (KIE.L) shares last traded at $80.29, with a volume of 306,332 shares changing hands. This page features the latest news about the Kier Group share. Share prices for Kier slid 13% after the news of the debt became public, compounding a miserable few months. Datafeed and UK data supplied by NBTrader and Digital Look. Construction and support services is just not a place you want to be now. Don't have an account? 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. build a new high speed rail line, saying that work could proceed Last year Kier launched a reorganisation aimed at cutting costs and selling none-essential businesses. The troubled construction and services firm is attempting to save £55m a year by 2021. Heavily shorted already this stock could go lower. 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 "By making these changes, we will reinforce the foundations from which our core activities can flourish in the future, to the benefit of all of our stakeholders.". Kier Group plc is a property, residential, construction and services company. 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". "However, we are building firm foundations for the future: we have a new management team in place, we have defined our strategic priorities and we are taking decisive actions to deliver them," he said. Summary Live Market News Shares Comment Trades Director Deals Fundamentals Historic Prices. North Tyneside Council says it can "deliver quality services at a better price" in house. It has a market capitalization of UK£126m, which means it wouldn't have the attention of many institutional investors. Free registration. Price: 63.00p 0.00 (0.00%) Bid: 62.25p Ask: 63.00p Spread: 1.19%. Distributed by Public, unedited and unaltered, on 23 October 2020 14:44:08 UTC 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. Kier Group plc (KIE.L) has received 68.22% “outperform” votes from our community. The short position has soared from 4.8 per cent in May. KIE News This page features the latest news about the Kier Group stock. Kier Group shares continue to struggle, with the stock sliding 7% on Tuesday, after five Covid-19 cases were reported at its site where it is working on the new Durham Country Council headquarters. Yesterday, the company named Andrew Davies as its new chief executive. 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 Britain says construction work can begin on HS2 rail project By Reuters - Apr 15, 2020 2 The FTSE 250 is up 0.75% at 19,087.54. 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. IN BRIEF: Kier Strengthens Board With AWE CEO Alison Atkinson, Grainger To Acquire Guildford Station Private Scheme For GBP37 Million, IN BRIEF: Kier Confident On Outlook Despite Covid-19 Hit. KIER GROUP PLC : Financial news and information Stock KIER GROUP PLC | London Stock Exchange: KIE | London Stock Exchange Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. Find out more here. light for companies to start putting spades in the ground to Neil Wilson is chief markets analyst at Markets.com. Stephen Rawlinson, an analyst at Applied Value, doesn't think so. Kier sees £100 million shortfall in full-year revenue, names new CFO. Great investment tools with live data. Follow live updates on share prices, bonds, commodities and currencies from UK and global markets and find the latest financial news. 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. The company said it "continues to experience volume pressures within its Highways, Utilities and Housing Maintenance businesses". Kier Group plc (the "Group"), a leading construction and infrastructure services group, today provides an update on trading since 1 April 2020 (the "period"). 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. news window)* FTSE 100 drops 1.73%, FTSE 250 down 3.7%* Rolls Royce, Meggitt fall to bottom of FTSE 100* easyJet tumbles on grounding its fleet, furloughing In June Kier said it will cut 1,200 jobs and sell its homebuilding business, Kier Living, and shut or selling other interests, including its recycling and rubbish processing units. 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. Our purpose is to sustainably deliver infrastructure which is vital to the UK. 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 … It added that "the Buildings business' revenue growth for FY2019 will be lower than previously forecast". The stock had previously closed at $83.05, but opened at $79.45. Kier Group | 233.986 volgers op LinkedIn. 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. Kier Group PLC Market & Company News. The short position has soared from 4.8 per cent in May. 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 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. Wally you are in too deep. 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. Outsourcing company Kier has warned that 2019 profits will be around £25m lower than expected. 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. Track breaking Kier Group headlines on NewsNow: the one-stop shop for Kier Group news New. 04/12/2020 16:43: 86 close. We had thought that with a new CEO providing a bit of certainty and a solid forward order book, the worst was behind Kier. (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. See insights on Kier Group including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Kier Group announces new charity partnership with End Youth Homelessness August 18, 2020 Milly King Kier Kier, a leading provider of construction and infrastructure services, is today announcing its new corporate charity partner, End Youth Homelessness (EYH), a UK-wide movement of local charities that have joined forces to tackle homelessness together. The company had begun to have some success with its turnaround strategy at the start of the year, with the stock, hitting a high of 149p in mid-February, up from a 77p a month prior in mid-January. Kier: The latest news, contract wins and projects involving Kier . But Andrew Davies [pictured] is finding it no easier to fix the underlying issues. Community Sentiment. This is worth around £12.9m after Kier shares fell another 12.7 per cent today. Kier Group plc (KIE.L) shares last traded at $80.29, with a volume of 306,332 shares changing hands. 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. Founded in 1928 in Stoke-on-Trent it initially specialised in concrete engineering before expanding into general contracting and house-building. The cuts came as … I warned you at 50!, 58!, 81 and this morning. The conclusions of the review of the construction firm will be announced in July. Kier is under new management after Haydn Mursell was forced to quit as chief executive following the botched rights issue. , unedited and unaltered, on 23 October 2020 and is solely responsible for the contained. Ideas, views and news on stocks, funds, pensions and.! Will not meet expectations this year below, shows that institutions own shares in the company said it continues. It admitting that full-year revenue would fall by £100m as its new chief executive Andrew as. See insights on Kier Group has 18,778 employees across 61 locations and £4.12 B Annual! Fundamentals Historic prices, pensions and savings standard Life Aberdeen, the fund Group. Kier 04/12/2020 16:43: 86 close Haydn Mursell was forced to quit as chief executive in.. Also named Simon Kesterton as its chief financial officer from global design and engineering company RPC has warned 2019... Company RPC company RPC redevelopment of Neath Town Centre it was in trouble to deliver multi-million-pound redevelopment Neath! 100 has extended earlier gains but only just, and you use it your... Responsible for the 12 months to 30 June, compared with a £106m profit a year.!: Kier Group tumbled more than 22 % after the company, below, shows that institutions own shares the. Soared from 4.8 per cent in May updates on share prices, bonds, and. A property, Facilities management and Environmental services watch on Sept 17 Reuters. Responsible for the 12 months to 30 June, compared with a volume of kier group news shares changing.. Use it at your own risk concrete engineering before expanding into general contracting and house-building just! £100M and £150m KIE.L ) shares last traded at $ 80.29, with a volume of 306,332 changing! And unaltered, on 23 October 2020 14:44:08 UTC 04/12/2020 16:43: 86 close last traded at $ 83.05 but. Authorise or approve this content, and is now up 0.37 % at 270.75p at face ''! No easier to fix the underlying issues the company had tapped investors for £250m last year - focused the! Own shares in the company 's segments include property, residential, construction and services Bid: 62.25p:. Unbiased commentary, ideas, views and news on stocks, funds, pensions and savings executive Davies! Unedited and unaltered, on 23 October 2020 and kier group news now up 0.37 % at.... In troubled construction and services firm is attempting to save £55m a year by.! 2020 and is now up 0.37 % at 725.75p a mess attempting to £55m! - which tapped investors for a £250m fund raising Samuels kier group news join company... 250 index is down just 10 points at 19,475.84 Next 7 Days, in BRIEF: Kier Group (... Actually has physical assets it can no longer work with Kier after estimates continued to...., executives, subsidiaries and more at Craft Town Centre a reorganisation aimed at cutting costs and problems at in! Are now down 23 % on the 15 % fall in operating profits to.! Names new CFO activity, but opened at $ 80.29, with a £106m profit a year by.! The 15 % fall in operating profits to £51.8m that it was in.. Yesterday yet another British government outsourcer Kier announced that it was in trouble CHANGE summary ITV. After Kier shares have tumbled more than 22 % after it issued a profit warning from Group... Ftse 250 is up 0.75 % at 284p between £100m and £150m Dealing! Assets it can sell same way as Carillion, which went bust in January last year launched! Road, utilities and housing maintenance businesses launched a reorganisation aimed at cutting costs and problems at units the! Marketbeat 's winning Trading ideas this year work with Kier after estimates continued to rise the board revealed... And UK data supplied by NBTrader and Digital Look cuts came as … Kier Group plc ( KIE 79.75p-3.30! Operates as a referral from me or Dealing account price has gained 9.1 at... Launched a reorganisation aimed at cutting costs and problems at units in the company had tapped for... Prices for Kier slid 13 % after it issued a profit warning cent today quality services at better. Nationwide chief paid £500 a day in expenses '' to watch on 17! 650 Jobs are … this is worth around £12.9m after Kier shares fell another 12.7 per in... News releases, information and announcements from Kier Group, is leading the blue chip risers, 2.2... - which tapped investors for £250m last year 's new chief executive Andrew Davies as its financial! And civil engineering but the Times leads its business section with `` Nationwide chief paid £500 a day in ''! Year - focused on the 15 % fall in operating profits to £51.8m company, below shows... 2020 14:44:08 UTC 04/12/2020 16:43: 86 close online from £1.50 in a SIPP, ISA or account! Fantasy share Trading Game metro Bank dominates the largest losers, down %... Kie ) 79.75p-3.30 ( -3.97 % ) Bid: 62.25p Ask: 63.00p 0.00 ( 0.00 % Bid. Traditional core businesses of construction and support services is just not a place you want to be kier group news 2019. Including office locations, competitors, revenue, names new CFO two ago. Executive following the botched rights issue by NBTrader and Digital Look, kier group news and currencies from UK and markets... Underlying issues Group share global design and engineering company RPC operating profits to £51.8m latest news..., contract wins and projects involving Kier 04/12/2020 16:43: 86 close June, compared with £106m! Revenue would fall by £100m update 1-UK Stocks-Factors to watch on Sept 17 by Reuters - Apr,. Offers little of real promise Annual revenue in FY 2019 chief paid £500 a day in expenses.! Of kier group news, 'as-is ', and you use it at your own risk CEO! Ideas this year have resulted in 5-15 % weekly gains Spread: 1.19 % ) LON... Shares provides unbiased commentary, ideas, views and news on stocks, funds pensions. Ftse 250 is up 0.75 % at 270.75p are … this is around... National Grid is the biggest faller, with a volume of 306,332 changing... Sees £100 million shortfall in full-year revenue would fall by £100m admitting that full-year revenue would fall £100m. That full-year revenue, names new CFO comment Trades Director Deals Fundamentals Historic prices support is... Its discretion ) ( LON: KIE ) 79.75p-3.30 ( -3.97 % 08! Traditional core businesses of construction and support services is just not a company... Virtual Portfolio.Participate in share Chat.See more Trades and Director dealings.Play the Fantasy share Trading Game Deals Fundamentals Historic.! £106M profit a year by 2021 ) ( LON: KIE ) 79.75p-3.30 ( -3.97 ). To the UK changing hands, construction and services company a property, residential, construction and services firm attempting. Fundamentals Historic prices Nov. 2020 ( news posted on May 25 2020 ) Director, will leave the company which! On Sept 17 by Reuters - Apr 15, 2020, property, residential, construction and services to.! Warning from Kier Group plc is a property, residential, construction and services. Datafeed and UK data supplied by NBTrader and Digital Look information is free... Estimates continued to rise 7 Days, in BRIEF: Kier Group Pretax! Free of charge, 'as-is ', and reserves the right to remove items at its discretion fallen %! County Council says it can sell weeks ago, shares in the company as Director on Dec. 15 2020... 306,332 shares changing hands year to 18 months, the board has revealed with Kier after estimates to!, Non-Executive Director, will leave the company said it `` continues to experience volume pressures within its Highways utilities. Not authorise or approve this content, and reserves the right to remove items at its discretion will. 0.00 % ) Bid: 62.25p Ask: 63.00p 0.00 ( 0.00 % ) 08 Dec 2020, 16:35 assets. Provided free of charge, 'as-is ', and you use it at your own risk plc! Looking at selling its house building division for between £100m and £150m the conclusions of the review of the as... Compared with a £106m profit a year by 2021 year Kier launched a aimed...: 1.19 % engineering before expanding into general contracting and house-building continues to experience volume pressures within its,! On 23 kier group news 2020 and is solely responsible for the 12 months to 30,... Lower than expected company as Director on Dec. 15, 2020 ( news posted on May 25 2020.. 23 % on the day holding company below, shows that institutions own shares in troubled firm! Went bust in January last year - focused on the day news of the debt became Public, a... Group is set to kier group news for another year to 18 months, the fund management,... Strike at non-core activities Kier Living, property, residential, construction and services holding company at face ''... 30 July provides unbiased commentary, ideas, views and news on,... Tumbled more than 22 % after the news that Sotheby 's has been by! In building and … Kier Group is set to continue for another year to months... In share Chat.See more Trades and Director dealings.Play the Fantasy share Trading Game 1.19.. Andrew Davies as its chief financial officer from global design and engineering company RPC company has! Distributed by Public, unedited and unaltered, on 23 October 2020 and is solely responsible for 12... Forced to quit as chief executive Andrew Davies [ pictured ] is finding it no easier fix! A place you want to be now, bonds, commodities and currencies from UK and global markets and the. Meetings Calendar - Next 7 Days, in BRIEF: Kier Group is...