Kier

Network Rail has appointed four firms to deliver £490m of construction works over the next five years. The national infrastructure operator selected the contractors for its North West and Central Region Control Period 7 Framework A. The deal will cover large projects across that part of the country between 1…

Inflated cladding remediation costs have taken the shine off Kier’s booming revenue, as the contractor posts its interim results. The firm tabled an additional £7.2m of cladding remediation costs in its results for the six months to the end of 2023. Kier said the fund will cover projects where it…

Local government commissioners have warned that the government’s withdrawal of funding for a £600m PFI highways contract, won by Kier, is likely to damage a bankrupt council’s ability to turn its finances around. On 30 November, the Department for Transport (DfT) confirmed it was ending its funding support for the…

Kier Group will return to the FTSE 250 Index later this month after a five-year absence. London Stock Exchange indices producer FTSE Russell announced on Wednesday (28 February) that the contractor would re-enter its mid-cap list on 18 March after the implementation of its next review. The FTSE 250 contains…

Homes England’s interim chief investment officer is departing to rejoin Kier as a managing director within its Kier Property business. David Bridges first joined Kier in 2020, where he was chief executive of Kier Living until its £110m sale to private equity group Terra Firma in June 2021. He then…

Kier and McLaughlin & Harvey have been appointed to Scape’s latest £3bn Utilities Works and Services Framework for England, Wales and Northern Ireland. McLaughlin & Harvey has also been appointed to lead the £1bn Scottish version of the framework, alongside RJ McLeod. The frameworks are designed to provide clients with…

Kier and Galliford Try have reported positive financial updates, defying gloomy reports of industry stagnation. Kier told investors that the second half of 2023 saw it “continue to trade above the prior period” and experience “strong volume growth, particularly in construction”. The company also drastically cut average month-end net debt,…

The cost of a new prison in Glasgow that is being worked on by Kier is set to be larger than the Scottish Prison Service’s combined capital budget for the next three years, it has emerged. Speaking at the Scottish Parliament’s justice committee on Wednesday, justice secretary Angela Constance said…

Kier has been named as the preferred bidder for a restructured 11-year PFI contract to maintain Birmingham’s roads – but the move still requires government approval. The firm has maintained the city’s road network on an interim basis since 2020, after a previous deal with Amey collapsed. Amey was appointed…

Kier has been awarded a £225m road-maintenance deal with Somerset Council. The eight-year contract will see the contractor replace current provider Milestone Infrastructure in taking responsibility for road repairs, drainage, verge cutting and winter services across the county’s 4,172-mile road network. Somerset said many of the staff currently operating under…