stutes
17 Jun 2019
Kier strategy BOLSAMANIA Kier to cut 1,200 jobs as it looks to make annual savings of £55m Construction group Kier will cut about 1,200 jobs as it looks to reduce debt and deliver annual cost savings of around £55m from 2021. The role of the COO, Mr C Veritiero, in formulating K’s strategy and in the takeovers/integration must mean his position is in question?
stutes
17 Jun 2019
Role of auditor The work of the auditor, advisers in relation to the rights issues should be reviewed. Why the high daily debt and loan facility when the company raised money to reduce debt and provide some working capital?
SaraRacano
17 Jun 2019
K's strategy and Brexit Come on bruv, I have got a sense of humour but there comes a point of pushing it a bit too far. A bit to easy blaming Britexit. What isthe difference between Kier´s finances & Carillions? If you look at the finances this goes a little beyond Britexit!!! STUPIDITY BLAMING BRITEXIT! Does this sound familiar? A listed government contractor has been hit by delays and cost overruns on a major NHS project. Its average net debt is rising and the reported number does not include hundreds of millions of pounds of supply-chain finance just to pay the bills. It has been making acquisitions and booking the goodwill at a higher value than the price paid. Yet it keeps increasing its dividends for shareholders.
