Kier and Keller fall out of FTSE250

By Hamish Champ2018-12-06T14:42:00

McCarthy & Stone re-joins mid-tier stock market index as contractor and groundworks group bow out

Kier has been bounced out of the FTSE250, along with groundworks specialist Keller, while retirement home builder McCarthy & Stone has joined the mid-tier stock index.

The London Stock Exchange’s announcement is the latest blow for Kier, whose rights issue news last Friday has since caused its share price to tumble by more than 40%.

Specialist engineering group Spirax Sarco has made the jump to the main FTSE100 index, which at the same time bids farewell to the Royal Mail and delivery group Just Eat.

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