Kier's shares plummet further in wake of rights issue

By Hamish Champ2018-12-04T06:00:00

Contractor’s stock fell 10% yesterday, following last Friday’s slump

Kier’s shares have lost around 40% of their value since the contractor’s shock rights issue announcement last Friday.

The £264m deal was announced late on Friday afternoon, prompting shares in the indebted group to plunge by a third from 752p to close at 505p.

And yesterday Kier’s shares fell still further, down 10% to 455p.

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