Kier's 1H26 trading update was positive, achieving a key mid-term strategy milestone by delivering average month-end net cash of c£15m (1H25: £38m net debt). The Group reported robust order book growth of 5.5% YoY to £11.6bn, securing 94% of FY26E budgeted revenue. Key awards across Heathrow, Water, Nuclear and Education included two early contractor involvement contracts in Water, supporting risk reduction by involving contractors earlier in the design process. Positive developments within Prop ....