Kier Group Plc releases a trading update

  • Nov 15, 2019 GMT
  • Team Kalkine
  • Since June 30, 2019 the group has been awarded £1 billion of new contracts
  • The group continues to monitor its operational cash generation while its net debt remains in line with the expectations of the management
  • The company targets a headcount reduction to the tune of 1,200 by 30 June 2020 and annual cost reduction of £55 million in FY 2021.
  • On 15th November 2019, KIE shares were trading at GBX 88.70 at GMT 11:36 AM, up 1.05 points or 1.2% from the previous day’s closing price level.

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