Kier turns to cost-cutting expert for finance role

By Will Ing2019-08-01T08:59:00

Kier has chosen an industry outsider to take over as chief financial officer because of his experience streamlining businesses.

The contractor also reveals its turnover for the year ended 30 June 2019 is around £100m lower than its 2018 revenue of £4.5bn - which it says will lead to a dip in profit “broadly in line with historic gross margins”.

And it said it had “commenced the process” of selling its housebuilding business Kier Living, in which there was “significant interest” .

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