“Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business. …
[CEO] Davies said Kier had already received expressions of interest in its housebuilding business, which built 842 units in the six months to end-December, at which time it had a landbank of 4,739 plots. …”
East Devon Watch 