Kier performing well in year to date

Construction, services and property group Kier shares were up after the firm said it remains on course to meet its expectations for the current financial year and is performing well in the current market.

Construction, services and property group Kier shares were up after the firm said it remains on course to meet its expectations for the current financial year and is performing well in the current market.

Its Construction division has continued to be resiliant, the firm said, and maintained operating margins above two per cent. In the year to date the company has secured more than £400m-worth of new work and its order book of secured and probable work represents its entire forecast Construction revenue for the current financial year and 80% of its forecast Construction revenue for the 2013 financial year.

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