Kier 'on track' after property team shake-up

Kier

FTSE-250 listed infrastructure and housebuilding group Kier has said it is “confident” that the company will meet its full-year expectations in a trading update for the period since 20 September.

Alongside the update Kier confirmed it had sold its interest in Australian road management firm KHSA to joint venture partner Downer Group for £24m and said it use the proceeds to reduce net debt.

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