Kier has posted a drop in half-year profit after incurring £26m in one-off costs, including £15.5m of costs racked up buying consultant Mouchel, writes Louise Dransfield. The construction giant posted pre-tax profit of £18m for the second half of 2015, down 35% from £27.8m the previous year. Kier said the drop in profit was down to £26m of one-off costs, including £15.5m of transaction and integration costs related to the £235m acquisition of Mouchel last June, and an £11m writedown on contract rights.
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