2350 Construction & Materials

Kier Group plc Period End 30 June 2009

Kier Group plc Annual Report 2009

Pension curtailment gain represents almost the entire profit

UK construction company Kier restricts pensionable salary increases with a resultant £24.3 million gain representing almost the entire profit.

Acciona SA Period End 31 December 2008

Acciona SA Annual Report 2008

Joint venture acquisition proves a passing fancy

Spanish construction company Acciona finalises the accounting for a €9.3 billion interest in a joint venture as an acquisition in stages and discloses a ten year management agreement, but then adds that it intends to dispose of its interest, whilst retaining renewable energy assets, in the next financial year.