When Haydn Mursell, chief executive of Kier Group, picked up some shares in the summer when the price had been held back by fears of a cut in infrastructure spending linked to the referendum, I suggested that readers do the same.
As the share price graph shows, the timing could not have been better. The shares gained another 9p to £12.89 on the full-year figures, with Kier insisting there is as yet no fallout from the vote, a view apparently confirmed by the latest construction PMI data. The company believes that it will continue to benefit from public sector austerity measures.
One might add that if reports of the death of austerity are not exaggerated, and the new chancellor decides to use the autumn