Kier shares slide as CEO to step down, successor named.
Shares in Kier Group fell almost 6% as chief executive Andrew Davies announced on Tuesday he was retiring at the end of October, with Stuart Togwell, the building firm's group managing director of construction named as replacement.
Source: Sharecast
In a separate statement, Kier said full-year revenue and profit would be in line with the board’s expectations, with a year-end order book of around £11.0bn, with 88% of revenue for fiscal 2026 secured.
Kier reported a 22% rise in net cash to £204m at the end of June compared with a year ago.
"Growth opportunities in the group's core markets continue to be underpinned by the Government's renewed investment commitments, to improving UK infrastructure and regulated UK assets," the company said.
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