Kier has admitted that it might not be until next year before the firm finally gets rid of its up-for-sale housing business. The division, called Kier Living, was put on the market last June with analysts hoping for news on a sale by Christmas. Chief executive Andrew Davies took the decision last summer to sell the £350m-plus turnover business in order to eat into the firm's debt pile. But, announcing its interim results for the six months to December last week, Kier said it had classified the business, which employs around 550 people and operates from five regions with bases including Leeds, Solihull and Marlow in Buckinghamshire, as discontinued.
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