Kier takes £25m hit on hospital job and revises debt upwards

By Dave Rogers2019-03-11T09:26:00

Firm due to unveil interim results next week

Kier has warned that it is set to take a £25m hit on a hospital scheme in Berkshire and added that it has revised up its estimated net debt level.

In an update ahead of its interim results next Wednesday, the firm, which is looking for a new chief executive after Haydn Mursell left seven weeks ago, said net debt for the six months to the end of December had gone up £50m to £180.5m.

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