Kier profits from Carillion demise

BUILDER Kier has cheered a 9pc jump in annual profits and a record order book following rival Carillion’s collapse this year.

Pre-tax profits climbed from £126m to £137m in the year to June 30 and revenues grew by around 5pc to £4.5bn. It said: ‘The current order book of £5bn is at a record level for secured and probable work and benefited from the inclusion of the additional share of the “Smart Motorway” and HS2 joint ventures, following the liquidation of Carillion.’