Large developer Kier Group is withdrawing from housebuilding

This is with the aim of strengthening the company's balance sheet and enhancing earnings “with lower exposure to the cyclicality inherent in property”.  In its results for the year to 30th June 2026, Kier said: "Going forward, Kier will not commit capital to new property developments, a process managed in a controlled way to balance timing and value, with capital to be realised in line with existing development schedules.”  Instead, the company will focus on infrastructure and construction, where "end markets are underpinned by long-term structural growth trends".