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Kier Group update and Brexit fallout to star on Friday
It looks like Friday will be a quiet one in terms of company news, but the City will have plenty to get its teeth into, with Theresa May’s position looking increasingly fragile
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 sees full-year profit, revenue rise thanks to new projects and contract wins, plans to simplify operations
For the year ended 30 June 2018, the FTSE 250-listed firm reported a headline pre-tax profit of £106.2mln, a swing around from a loss of £14.2mln a year earlier
FTSE 100 closes higher as US stocks surge
The UK's premier index closed up around 36 points at 7,367.
Investments and investor services
Diageo expected to be the toast of Thursday’s market news
Diageo and Lamprell are expected to be among the names under focus in Thursday's schedule.
Investments and investor services
FTSE 100 closes higher but off 6,700
The UK blue-chip benchmark closed around four points higher at 7,692
Eyes on Marks & Spencer and Ocado as spotlight is set to remain on retail
Marks & Spencer's AGM day is set to be less eventful than usual, as it has decided not to provide a trading update.
Archive
High street vs online: Updates from retailers Mark & Spencer and ASOS will provide fuel
Aside from M&S and ASOS, the week ahead will also bring trading updates from the likes of Ocado, Burberry, Barratt Development, Experian, and JD Wetherspoon
Builders and building materials
Barclays initiates coverage on Keller, Balfour Beatty and Kier Group
Contractors are not exactly flavour of the year following Carillion's collapse but Barclays has decided to initiate coverage on three of the big players
Investments and investor services
FTSE 100 closes higher as Dow Jones climbs after host of data
Britain's blue chip index closed up around seven points, or 0.10%, at 7,139..
Investments and investor services
Cineworld and Savills financial results in the spotlight for Thursday
Investors will be looking to Cineworld for news of asset integration, whereas for Savills results the attention will be on its battle for market share.
Builders and building materials
Kier shares surge on reassuring trading update amid Carillion concerns
Kier is on track to deliver double-digit profit growth for the year
Investments and investor services
FTSE 100 closes lower as Euro gains ground
Britain's blue-chip benchmark finished around 27 points lower at 7,615.
Investors to look for clarity on Fox takeover in Sky’s trading update on Thursday
The proposed £11.7bn takeover of Sky from Fox is all becoming a bit messy, so investors will be hoping the UK broadcaster can shed some light on whether a takeover from anyone is likely
Archive
Margin improvements the focus for interims from drinks group Diageo in coming week
Week ahead includes updates from Diageo PLC, easyJet PLC, Dixons Carphone PLC, ASOS PLC, Sky PLC, JD Wetherspoon PLC, plus UK labour market and GDP data
Carillion collapse puts contracts at risk but presents opportunities for sector peers
Carillion's contracts, joint venture partners and lenders are hanging in the balance after confirming its collapse
Builders and building materials
Kier doesn’t expect Carillion’s collapse to affect its own business
“After a short period of transition for these contracts, we do not expect there to be an adverse financial impact on the group arising from these joint venture contracts”
Builders and building materials
Kier Group reiterates expectation of “double digit” profit growth this year
“The group remains on course to deliver double digit profit growth in the current year and achieve its Vision 2020 targets”
Archive
Record interims among very few fixtures in Friday’s schedule
Currency manager services group Record Plc (LON:REC) is among the very few names fixed in the diary, with interim results due.
FTSE 100 closes lower after lacklustre day; May's Brexit plan in focus
Attention now switches to Theresa May's speech on Brexit in Florence