Edition:
United Kingdom

Kier Group PLC (KIE.L)

KIE.L on London Stock Exchange

105.10GBp
4:37pm BST
Change (% chg)

-7.00 (-6.24%)
Prev Close
112.10
Open
110.60
Day's High
113.70
Day's Low
103.20
Volume
2,469,239
Avg. Vol
1,727,354
52-wk High
1,109.47
52-wk Low
103.20

Select another date:

Mon, Jun 17 2019

Photo

Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

LONDON Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business.

Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

LONDON Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilize the business.

UPDATE 3-Kier to sell housing businesses, cut 1,200 jobs and suspend dividend

LONDON, June 17 Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business.

BUZZ-Kier rises on layoffs, non-core units sale plan

** Kier Group's shares rise as much as 5.5% in early trading after the company announces job cuts, plans to sell non-core units among other steps

Kier says to cut 1,200 jobs, suspends dividend

June 17 Kier Group Plc said on Monday it would cut about 1,200 jobs and suspend its dividend for the next two years, as part of a review to lower debt and simplify its structure.

BUZZ-Kier: Housing unit's quoted valuation "disappointing", Liberum

** Shares of construction and services firm Kier Group drops 10% to 179.7 pence

BUZZ-Kier Group: Seen up on report of housing unit divestment

** Shares of construction and services firm Kier Group is seen rising 3% to 5%, according to premarket indications

Kier profit warning, rising debt doubts trigger share slump

Construction and services group Kier's shares fell 40% to their lowest level in two decades on Monday after a profit warning from the British firm, whose mounting debts also fuelled fears of a dividend cut and another funding-raising.

UPDATE 4-Kier profit warning, rising debt doubts trigger share slump

* Flags more costs from strategic review (Adds investor comments on share move, debt, need of financing, credit score)

Kier sees 2019 operating profit lower than expected

June 3 British construction company Kier Group Plc said on Monday it expected 2019 underlying operating profit to be about 25 million pounds ($31.6 million) lower than its prior expectations.

Select another date: