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6 July, 2006 - 10:52 By Staff Reporter

Happy romance looks to continue for Kier Group

Kier Group’s happy romance with the stock market looks set to continue following a highly encouraging trading update stating that the Bedfordshire firm expects full year profits to be at the higher end of market expectations and well ahead of last year’s figures.Kier Group’s happy romance with the stock market looks set to continue following a highly encouraging trading update stating that the Bedfordshire firm expects full year profits to be at the higher end of market expectations and well ahead of last year’s figures.

The construction and support services firm’s share price has risen almost 80 per cent over the past year.

In the last week alone it has gone up over 11 per cent with an 8.6 per cent climb – up 129p to 1636p a share – achieved on the day of the update.

In regional construction the value of awards for the year has been at the highest level ever, resulting in a record order book brought forward into the new financial year, while the PFI business continues to grow.

The update concluded that “all of our markets are healthy and there is confidence in all of our businesses that progress will continue into the new financial year and beyond

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