Archive
Mondi is the top Footsie faller after gloomy outlook statement
A look at the day's major movers, including London Stock Exchange, Kier Group and Capita
Company
Kier Group PLC
LON:KIE
Kier Group is engaged in construction, support services, residential and commercial property development, and infrastructure project investment. The company is organised in five divisions. The construction segment comprises Kier Regional and Kier Construction. Support services comprise Kier Support Services, which facilitates management, reactive and planned building maintenance, plant hire and other outsourced services for both private and public sectors. The Homes segment operates through Kier Residential. The property development business operates through Kier Property and engages in commercial property development. In the Infrastructure investment segment, Kier Project Investment manages the company’s interests in private finance initiative (PFI), as well as construction, property development, housing and facilities management.
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Builders and building materials
Kier Group is now the most shorted stock in London
According to regulatory filings, there are six funds and asset managers betting heavily that the contractor's share price will continue to fall
Archive
Kier Group is feeling the pressure ahead of Thursday’s trading update
Last month Kier issued a profit warning, so investors will be watching wearily as Thursday's trading update lands.
Archive
Barratt Developments and Bovis Homes to provide main building bricks in coming week
Aside from the two housebuilders, corporate updates in the coming week will also be delivered by retailers Ocado, Superdry and Dunelm
Archive
FTSE 100 slips at close as investors brace for US Fed decision
All eyes will be on the statement from Fed rate setters later, especially due to the pressure to lower rates from President Trump
Builders and building materials
Could Kier become the next takeover target after Babcock rebuffs Serco offer?
Valuations of UK contractors have been squeezed in the past year amid concerns they could face the same fate as collapsed Carillion
Builders and building materials
Kier to axe 1,200 jobs and sell non-core businesses as part of overhaul
Kier plans to sell or substantially exit its housebuilding, commercial property development, facilities management and environmental services businesses.
Investments and investor services
FTSE 100 closes higher Monday, just, as traders sit on hands
Footsie closed around 11 points higher at 7,357 at the start of the week, while mid-cap cousin FTSE 250 gained over 39 points
Builders and building materials
Kier fears reappear as credit insurers withdraw support, housebuilding price disappoints
A newspaper report indicated that the construction group's finances were under renewed pressure after two trade credit insurers had withdrawn support
Investments and investor services
FTSE 100 closes near flat as US ADP jobs report shakes confidence
The UK blue-chip share index finished up around four points at 7,218
Neil Woodford's fall from grace: Where it went wrong for the famed stock-picker
Woodford has made some bad investment calls: Provident Financial, Capita, Circassia Pharmaceuticals and Allied Minds
Builders and building materials
Kier gives short-sellers a boost after profit warning sends shares crashing
About 4.75% of Kier’s shares are on loan to short sellers, according to website www.shorttracker.co.uk
Investments and investor services
Kier shares slide as the troubled outsourcer issues profit warning
Kier blamed the profit warning on lower-than-expected sales in its building division as well as “volume pressures” in its highways, utilities and housing maintenance arms
Investments and investor services
FTSE 100 closes higher despite continued trade worries
The UK's blue-chip benchmark added over 23 points to close at 7,184
Builders and building materials
Kier Group launches strategic review as Andrew Davies takes helm
It will consider a restructuring, look at capital allocation and ways to improve cash generation
Archive
SimplyBiz boosted by agreement to acquire financial adviser Defaqto
A look at the day's biggest risers and fallers including SimplyBiz, Motif Bio, and Amphion
Builders and building materials
Kier posts drop in first-half profit but maintains full-year guidance as future proofing programme continues
For the six months ending 31 December 2019, the company saw its underlying pre-tax profit fall by 21% to £39.0mln, down from £49.4mln a year earlier, although underlying revenue increased by 2%
Archive
FTSE 100 closes firmly in red as traders flee risk ahead of Fed statement
The UK blue-chip index finished down nearly 33 points lower at 7,291
Archive
Macro focus on Wednesday with Fed rate decision and UK inflation data expected
The Fed released a statement in January that suggested it was no longer sure if it would continue raising borrowing costs, after hiking rates four times in 2018
Builders and building materials
Kier names Andrew Davies, the man who almost took charge of Carillion before its collapse, as its new CEO
The FTSE 250-listed construction firm pointed out that Davies was CEO of Wates Group, a privately-owned construction and property services firm, from 2014 to 2018