logo
Plus   Neg
Share
Email

Kier Group Trading In Line With Board's Expectations - Quick Facts

Kier Group Plc (KIE.L) issued an update on trading for the period from 15 November 2019 to 31 December 2019. The Group said trading for the period was in line with the Board's expectations.

The Group said it continues to be awarded new contracts across the markets in which it operates, including being appointed to all 20 lots of the four-year Procure Partnerships Framework in November 2019.

The Group expects to deliver a headcount reduction of approximately 1,200 by 30 June 2020 and annual cost savings of at least 60 million pounds in the financial year ending 30 June 2021. The Group is reviewing further cost optimisation opportunities.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
RELATED NEWS
Follow RTT
>