Vague takeover rumours excited Kier shares yesterday, up 2.3% to £20.43.
Teather & Greenwood said the company was being re-rated as investors focused on the strong cash generation of regional businesses.
References: Financial Times 31/10/06 page 46 (FT Markets – London)
Developer LondonMetric being advised on the letting by Knight Frank
Redevelopment of three buildings in Holborn will total more than half a million square feet
COMMENT Jonathan Vandermolen on mounting pressures for the market
The duo will look to let the restored building’s top fifth floor
