星空传媒

Kier has chosen an industry outsider to take over as chief financial officer because of his experience streamlining businesses 鈥� as the firm issued another profit warning.

The firm, which will release its results for the year to June next month, said turnover during the period is around 拢100m lower than its 2018 revenue of 拢4.5bn 鈥� which it says will lead to a dip in profit 鈥渂roadly in line with historic gross margins鈥�.

It added there was 鈥渟ignificant interest鈥� in its up-for-sale housing arm, Kier Living, which is under the hammer as part of a major restructure at the contractor by chief executive Andrew Davies which includes getting rid of 1,200 staff by the middle of next year and selling other non-core businesses.

Current finance director Bev Dew will leave Kier on 26 August after watching its share price lose more than 95% of its value since he joined at the start of 2015 鈥� with the stock closing at a new all-time low of 61p yesterday.

Dew will be replaced by Simon Kesterton (pictured), who has worked