Kier

Kier, Morgan Sindall and RG Carter have been selected alongside a roster of smaller contractors in a framework award by Norfolk County Council. The overall framework is valued at £125m and approved contractors will be able to bid for major construction projects in the county over a four-year period. The…

In a market where some of the biggest tier ones are struggling and undertaking painful turnaround programmes, specialist contractors are thriving. That was the message of CN's 2018 specialists index, the most comprehensive annual look at the demolition, ground engineering, concrete, structural steel, M&E, building envelope and scaffolding markets. In a…

Cambridgeshire County Council has relaunched procurement for the design and construction of the King’s Dyke bypass, which had been won by Kier in 2017. The firm was originally appointed for a design contract on the Cambridgeshire road, with the option to be awarded the construction job. But following a trebling of…

Kier will cut the use of its supply chain finance by 50 per cent over the next year, the groups's management has announced. The firm, which on Thursday announced it made a £245m pre-tax loss in the year to 30 June 2019, revealed the move which coincided with what it…

Amey, Interserve and Kier are among the contractors appointed to Yorkshire Water’s £1bn civils framework – part of its AMP7 spending period. Yorkshire Water manages clean and wastewater collection and distribution for over five million people. The framework will run from 2020-2025 with a possibility of extending it for a…

Kier chief executive Andrew Davies said he was shocked at the size of the loss his company had to announce for its last financial year. The contractor revealed a £245m pre-tax loss for the year ended 30 June yesterday morning. Asked whether he thought people would be shocked at the…

Kier chief executive Andrew Davies completed a couple more steps from the playbook of a ‘CEO doing a turnaround’ this morning. He announced a whacking great writedown and insisted that things would be different from here on out. Aside from facing up to Kier’s problems by making the writedowns, there were other…

Kier’s £245m pre-tax loss  is a sign that chief executive Andrew Davies was taking drastic action to turn the business around, industry analysts have said. The bulk of the firm's loss for the year ended 30 June was due to writedowns to some business values and restructuring costs as Mr…

Kier has appointed Stuart Togwell as group commercial director. Mr Togwell left Wates in June after a 33-year stint with the company to take up the position at Kier under new chief executive, and former Wates boss, Andrew Davies. Mr Davies said the new commercial boss would ensure Kier was…

Kier has reported a £245m pre-tax loss after making huge writedowns to the businesses it is looking to sell. The company reported £341m of exceptional charges for the year ending 30 June 2019. The bulk of this was a £172m writedown on the values of some of its businesses. As…