Kier's rights issue flopped, but why? The answer is Brexit

Brexit chaos has weighed heavily since Kier announced its plans to raise £264m 21 days agoWell played, Kier Group. It is one of the few companies that can say it got value for money from the banks and brokers who underwrote its rights issue.Put another way, the construction firm’s £264m fundraising was a spectacular flop. Only 38% of shareholders wanted to buy the new shares, and most of those investors were on the hook, morally speaking, after promising to cough up at the end