Full Year Results 

Kier has it all to do

Kier has it all to do

Carrying a lot of debt, in tandem with wafer-thin margins, aren't ideal ingredients for success within the construction sector. Throw in a dollop of poor management and you come up with Carillion. Debt has also been a problem for Kier (KIE), too, and when shareholders failed to fully back its rights issue, taking up just 38 per cent of the offer, the chief executive had to go. Interestingly, his successor Andrew Davies was due to take the reins at Carillion before it collapsed.

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