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Kier Group plc ( (GB:KIE) ) has issued an announcement.
Kier Group has announced a positive trading update for the first half of the financial year, with trading in line with expectations and a robust order book valued at approximately £11 billion. The company has secured significant contracts, including projects with Yorkshire Water, the NHS, and the Ministry of Defence, positioning itself to benefit from UK government and regulated industry infrastructure spending plans. Additionally, Kier has launched a £20 million share buyback program, reflecting its strong cash generation and capital allocation strategy aimed at maximizing shareholder returns.
More about Kier Group plc
Kier Group plc is a prominent UK-based infrastructure services, construction, and property group that offers expert design and build capabilities. The company leverages the knowledge and skills of its workforce to manage and integrate all aspects of projects, catering to sectors such as transport, education, healthcare, justice, defence, nuclear, and water.
YTD Price Performance: -7.01%
Average Trading Volume: 1,851,705
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £593.2M
See more data about KIE stock on TipRanks’ Stock Analysis page.
