CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

Kier share price: what’s next as stock continues to tumble?

The construction and property group saw its share price fall more than 14% last week, with things going from bad to worse on Monday as its stock tumbled a further 11%, with investors left wondering when it will find a floor.

Kier Group saw it share price slide more than 14% last week, with the tumble precipitated asset managers Neil Woodford and St James Place slashing their holdings in the company.

The construction and property group’s fortunes didn’t improve this week, however, with it down a further 11% on Monday, sitting at 74p a share as of 15:20 GMT.

Kier share price falls on summer restructuring plans

Kier share price has come under a lot of pressure this year, with the stock losing a little over 50% of its value at the start of June following a write-down.

The company then saw its share price slide a further 40% two weeks later after its CEO Andrew Davies unveiled a major restructuring plan that will see 1,200 jobs slashed over the next 12 months as well as several business units.

Practise trading Kier and other UK stocks with an IG demo account.

Kier becomes most shorted UK stock

Due to its poor performance Kier has become the most shorted stock on the London Stock Exchange, with six funds collectively holding a 10.74% short position against the company, according to shorttracker.

Of the six funds, Marshall Wace holds the largest short position against the construction and property group at 2.82%.


The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.

Be ready to act on ECB opportunities

Learn how the ECB’s monetary policy announcements affect interest rates and price stability ahead of its next meeting in September 2020.

  • How might the next meeting affect the markets?
  • What are the key rate decisions to watch?
  • Why is the Governing Council announcement important for traders?

Live prices on most popular markets

  • Forex
  • Shares
  • Indices
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.