Company News 

Kier rights issue fails to attract investors

Kier rights issue fails to attract investors

Investor appetite for the rights issue by Kier (KIE) was conspicuous by its absence, with just 38 per cent taken up by shareholders. But as the issue was fully underwritten by banks and brokers, Kier secured the £250m it was seeking to raise.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now