Kier launches £20m share buyback as debt cut

Strong trading and cash generation in the first half of the year saw Kier strengthen its balance sheet shrinking average month debt to £38m from £137m previously.
The improved financial position saw chief executive Andrew Davies launch a £20m share buyback programme this morning.
In an upbeat trading update for the first six month he said Kier enjoyed a strong order book at the end of December, up to 3% at £11bn on a year before giving the contractor confidence for the fu