Kier has chosen an industry outsider to take over as chief financial officer because of his experience streamlining businesses - as the firm issued another profit warning, writes Will Ing. The firm, which will release its results for the year to June next month, said turnover during the period is around £100m lower than its 2018 revenue of £4.5bn - which it says will lead to a dip in profit "broadly in line with historic gross margins".
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