 On 17 June, Kier confirmed the housing division sale, and said it would wind down its property business and planned to exit the facilities management and environmental services markets "in due course".CEO Andrew Davies's business review included 1,200 job cuts.Kier's share price fell 17% to 108p, a level not seen since the company's 1996 flotation, and its shares were subject to renewed 'shorting' with one analyst saying "the consensus in the market is that Kier will go bust"; on 15 July 2019, Kier shares were the most 'shorted' on the London Stock Exchange, with shares falling 12.7% to 72.95p.