Ousted Kier director joins McCarthy & StoneSubscription
One of the executives moved on by Kier as part of a management reshuffle has joined retirement developer McCarthy & Stone.
Kier tops contractor league with £605m haulSubscription
Kier has topped the monthly contract wins table for the fourth time this year thanks to several major wins.
Kier’s FTSE 250 exit ‘bad for image’Subscription
Kier’s demotion from the FTSE 250 will hurt the embattled contractor’s image among investors, according to analysts.
Balfour Beatty pays off £250m debtSubscription
Balfour Beatty has paid off a £253m convertible bond in a move that sees its debts reduce by almost half (45 per cent) for the last 12 months.
Kier CEO: Four rivals facing same credit cutsSubscription
Kier chief executive Haydn Mursell has claimed that at least four other major UK contractors will struggle to get credit from banks.
Kier features and analysis
In a normal year, the start of December is when everything begins to wind down.
This year, Kier opened a record 53 sites across the country as part of Open Doors Week.
Power in contracting swings like a pendulum.
In October CN invited directors from some of the UK’s largest tier ones to discuss what the contractor of the future might look like.
Lord Foster’s new observation deck, Birmingham’s Carillion hangover and Kier-Volker’s F-35 deal are among this week’s headlines.
The monthly top 50 contractors league passed the £4bn mark for only the second time this year as Sir Robert McAlpine scooped a first win in 17 months.
Mace took a narrow victory in September’s contractor league as the combined value of wins settled down after a rocky few months.
A few weeks ago Kier reported a pre-tax profit of £106m. Yet that didn’t do much to ward off the short-sellers, who are still controlling around 10.2 per cent of its stock.
Carillion’s collapse in January sent shockwaves through the industry and, indeed, the wider economy.
Kier, I’m afraid to say, has a real presentation problem.
Kier will release its annual results on Thursday and the big bets are split over which way the numbers will go.
Highways England’s national resurfacing deal gave Tarmac victory in the monthly league and produced a distorted August top 50 for the second year running.
The value of the top 50 contract wins table hit its lowest point for nearly two years in July as Kier notched up yet another league triumph.
When Royal Mail shareholders cast their votes on directors’ pay last week, the results will have sent shivers through boardrooms across the country.
Corporate pay packets are being scrutinised like never before. CN analysed the accounts of the biggest listed construction firms to reveal who earns the most among the top bosses.
Activity across the top 50 contractor league once again held relatively steady in June as Multiplex claimed the summit for the first time since January last year.
Kier sells Australian business to reduce debtSubscription
Ex-Kier MD to lead Anglian Water consortiumSubscription
Kier FD: 'We’ll be shorted until after Brexit'Subscription
Mace edges Morgan to take September league crownSubscription
Mace boss: Name and shame late-paying clientsSubscription
Kier wins spot on £250m Cornwall frameworkSubscription
Kier wins £40m hospital improvement worksSubscription
Kier CEO: ‘We’ll ride out short-selling’Subscription