Builders bottom out; yourmoney: : INDUSTRY.Byline: CLINTON MANNING BUILDING group Kier has started work again at a number of sites it mothballed after orders dried up in the recession. Bosses say it is because things have started to look up in the housing market. Kier Group Kier Group plc is a business active in building and civil engineering as well as mining and property development. It was founded in the 1920's, was the subject of a management buy-out from Hanson in 1992 and became listed on the London Stock Exchange in 1996. has done better than most builders hit by the credit crunch Credit Crunch An economic condition whereby investment capital is difficult to obtain. Banks and investors become weary of lending funds to corporations thereby driving up the price of debt products for borrowers. because a lot of its work comes from big contracts. That continued with a new pounds 27million deal to replace the roof at King's Cross railway station in London. |
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