Despite ongoing inflationary pressures, construction firm Kier Group has been able to increase its adjusted operating profit and raise its operating margin while achieving a "significant reduction in debt. Announcing its results for the year ended 30 June 2022 this morning, the infrastructure servic
Big Four accountancy firm PricewaterhouseCoopers (PwC) has been fined £5 million in relation to its audits of Galliford Try and Kier Group. The company was fined a total of £8,850,000, adjusted to £4,998,500, by the Financial Reporting Council (FRC) - £3,038,750 and
Big Four firm PwC is being investigated by the Financial Reporting Council (FRC) over its audits of construction firms Kier and Galliford Try. The initiation of these investigations takes the number of probes into the firm to seven. The FRC was already scrutinising PwC's audits of Eddie Stobart, BT,
The sale of Kier Group's housebuilding arm to a newly formed company owned by Terra Firma founder and chairman Guy Hands has now been completed.
Kier Group has kick-started its proposed £241 million equity raise to help tackle its deficit. The share placing, which is fully underwritten by Numis Securities and Peel Hunt, will be the final part of its turnaround strategy.
Kier Group said today it expects to deliver half-year results slightly above the board's expectations after an improved first half performance. In a trading update for the six months ended 31 December 2020, Kier said there was an improvement in site productivity through the period despite