UK's Kier Group rises on strong outlook
BUZZ-UK's Kier Group rises on strong outlook ** Shares of infrastructure services and construction firm Kier Group KIE.L up 3.4% at 256.4 pence
** Co expects FY27 earnings at top end of board's prior expectations
** Says over 95% of expected FY27 revenue (up from over 90% in July) and over 70% of FY28 revenue secured
** Reports FY revenue up 7.5%, adj PBT up 8.8%
** Says from FY27, there will be no new investment in Property division developments, with capital reallocated to strengthen co's balance sheet
** Peel Hunt raises PT to 350p from 300p, to reflect positive momentum, resilient growth outlook, and capital allocation options
** "Investors are likely to be pleased with both the ambition and improving earnings outlook" - Peel Hunt
** KIE up ~16% YTD
(Reporting by Nithyashree R B in Bengaluru)