Shares in Kier up after revolt

Shares in construction firm Kier Group rose 1.7%, or 1.5p to 89.15 yesterday despite investors delivering a major rebuke over bosses’ pay.

Kier’s latest remuneration report was opposed by 53.9% of the shareholder votes cast at its annual general meeting (AGM).

In the year to June, when the group suffered pre-tax losses of £245 million, Kier’s top team earned a total of £2.1 million, far less than the £5.5m they received the year before.

Haydn Mursell, who was ousted as Kier’s chief executive in January, was paid £423,000.

Among the issues that irked shareholders most were the perks Mr Mursell and his family continued to enjoy,

“We will engage further with shareholders and advisers”