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Kier Group PLC on Tuesday announced a £20 million share buyback, as it said it ‘continued to trade well’ in the past six months. Shares were up 5.5% to 146.00 pence early Tuesday in London. Kier has a market capitalisation of £656.7 million. The Salford, England-based infrastructure services, construction and property group said trading in the financial half-year that ended December 31 was in line with board expectations, noting that results will be second-half weighted, as in financial 2024. Kier said it had an order book of about £11 billion on December 31, up about 2% from £10.8 billion on June 30, securing more than 95% of financial 2025 revenue. It had a net cash position on December 31 that was above the £17 million it held a year before. Thanks to the ‘strong balance sheet’, Kier said it will launch an initial share buyback of £20 million on Tuesday. The programme will be run by broker Peel Hunt LLP and will continue until that sum is reached. ‘We continue to be well positioned to benefit from UK government and regulated industry infrastructure spending plans into areas where Kier offers market leading services, notably transport, education, healthcare, justice, defence, nuclear and water,’ said Chief Executive Andrew Davies. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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