Construction group gives reassurances after rival’s demise
- Credit: Chris Biele
Construction and facilities group Kier has seen its shares jump by nearly a fifth after it offered reassurance over trading in the wake of Carillion's collapse.
Kier, which has sites at Mason Road, Norwich, and in Aylsham, has suffered hefty stock market swings since rival Carillion's shock demise.
But Kier enjoyed an 18% shares bounce-back after confirming that trading is in line with expectations and it remains on track for double-digit annual profit growth.
The group added contracts taken over from Carillion are 'performing well, operationally and financially'. Kier and partner Eiffage have taken over responsibility for the HS2 major rail project, while Kier has taken over the Highways England smart motorways scheme in which it was working with Carillion.
Kier closed its site at Trowse near Norwich last year, relocating the roles of 160 staff.
You may also want to watch:
Some posts were relocated to other Norfolk offices, with others offered moves to either Bedfordshire or Manchester.
- 1 Body found in search for missing 87-year-old Margaret Smith
- 2 'I can't carry it' - Shock as plant starts growing eight inches a day
- 3 WATCH: 'Selfish' drug-driver ploughs into police detective's vehicle
- 4 Hundreds of volunteers search for missing 87-year-old Margaret Smith
- 5 Family's distress as Covid rules force double-jabbed mother into isolation
- 6 Norfolk man who had sexual relationship with teen jailed
- 7 Son's plea for help as mum, 87, goes missing from care home
- 8 Man defrauded more than £1.3m from Norfolk firm to fund gambling addiction
- 9 Norfolk and Waveney's 30 under 30 - from world-beating athletes to business owners
- 10 Rescuers resume search for missing 87-year-old Margaret Smith