Plus   Neg

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
Nestle USA, a division of Swiss food major Nestlé, announced the recall of certain Lean Cuisine Fettuccini Alfredo products citing misbranding and the presence of an undeclared allergen. According to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS, the recall involves approximately 29,002 pounds of chicken products. Apple chief executive officer Tim Cook condemned the killing of an unarmed black man, George Floyd, and called for the creation of a "better, more just world for everyone," according to reports citing a memo to employees. Apotex Corp. recalled all lots of type 2 diabetes medication Metformin hydrochloride in the form of oral film-coated tablets for the potential presence of nitrosamine impurity, N-Nitrosodimethylamine (NDMA), above levels of the Acceptable Daily Intake Limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement.
Follow RTT