Morgan Sindall on track for full year

5th May 2011 09:24

Construction firm Morgan Sindall said it has made a positive start to the year and is on track to meet expectations for this year. "We have made a positive start to 2011. With the strategic progress made last year, our enhanced divisional capabilities and broad sector spread we remain well positioned to make the most of opportunities in growing sectors of our markets and are well placed to face the challenges that lie ahead," the company said in a company statement.Its cash position remains strong and the group's forward order book has increased since the start of the year to £3.8bn from £3.6bn.Morgan Sindall's development pipeline has increased by £350m to £1.8bn.CJ