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Kier reveals larger debt pile

Kier reveals larger debt pile

Things seem to be going from bad to worse for Kier (KIE) as the shares fell by nearly a fifth after the construction group revised its net debt position for the year to December 2018, from £130m to £180m. The announcement comes less than two months after chief executive Haydn Mursell was asked to resign following a rights issue that saw just 38 per cent taken up by shareholders.

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