Morgan Sindall buys Connaught arm for £28m
10th Sep 2010 07:36
Morgan Sindall, the construction group, has snapped up most of the contracts and assets of the social housing division of beleaguered building group Connaught. The deal will secure the future of about 2,500 workers in that business though prospects for those employed in other parts of the company r
Read moreFriday newspaper round-up: Connaught, Vodafone, Deutsche Bank...
10th Sep 2010 06:40
Morgan Sindall will today announce the acquisition of the bulk of Connaught's social housing repairs operations in a deal that will save thousands of jobs across the country. While the deal, believed to be worth between £20m and £40m, will secure the future of about 2,500 jobs, thousands more rema
Read moreTuesday tips round-up: Wm Morrison, Morgan Sindall, RM...
10th Aug 2010 06:46
Wm Morrison, the supermarket chain, trades on a 2011 price to earnings ratio of 11.9, which makes it one of the cheapest European food retail stocks. Morrisons will face a constrained consumer over the next year, but its plans to become a "nationwide" grocer by further expanding in the south, prog
Read moreLondon close: Financials lead the way
9th Aug 2010 17:05
Leading equities trod water for the afternoon session consolidating strong gains made in the morning. Hopes that the US Federal Reserve will introduce new economic stimulus measures this week played well with the financial sector, with the likes of fund managers Schroders and St. James's Place and
Read moreLondon afternoon: Gains consolidated
9th Aug 2010 14:18
Footsie hit its peak at around 10:00am and has been moving sideways ever since on a relatively quiet day for corporate news. In a buoyant insurance sector Prudential is firmer prior to Thursday's results while Aviva is lifted by Panmure Gordon raising its price target from 496p to 535p. Reboundi
Read moreLondon midday: Blue chips power ahead
9th Aug 2010 12:11
Footsie is powering forward on the back of strong performances from financials and miners. Lonmin and Kazakhmys are the best performing miners, while among financials the stand-out stocks are spread around the insurance (Legal & General, Prudential), banking (Barclays), fund management (Schroders )
Read moreProfits fall at Morgan Sindall
9th Aug 2010 07:34
First half sales and profits fell at contractor and support service group Morgan Sindall as activity declined with the economy, though the order book is up. Revenue in the half year to June 2010 dropped 14% to £0.98bn from £1.14bn last year. Profits fell 10% to £18.4m from £20.5m. "The fall is pri
Read moreMorgan Sindall preferred bidder for Bournemouth regeneration
6th Aug 2010 08:44
Morgan Sindall, the construction and regeneration group, said its investment unit has been named preferred partner for the Bournemouth Town Centre Master Vision regeneration scheme. The scheme, which will run for 20 years and has a development value of between £350m and £500m, is a 50/50 joint ven
Read moreLondon close: Stocks cling on to gains
2nd Jul 2010 16:57
Leading shares went into a swoon in the final two hours of the trading session, taking their lead from the US which, after spending a while to analyse the non-farm payrolls data, moved lower. Despite coming off the top in late afternoon Footsie finished the day in positive territory, largely due t
Read moreLondon afternoon: Shares recover from US jobs jolt
2nd Jul 2010 14:16
The release of US jobs data checked Footsie's rise, prompting a 25 point fall in a matter of minutes, but the blue-chip index has since resumed its cautious climb. US jobs data for June came in worse than expected overall, but it was a mixed message with the unemployment rate falling to a 12-month
Read moreUK SMALLCAP ROUNDUP: Ceres Power's Boiler Trials Delayed Again
2nd Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CERES POWER HOLDINGS PLC (CWR.LN), a fuel cell company, Friday announced another delay to the trial of its combined heat-and-power boilers in people's ho
Read moreLondon midday: Stocks steady ahead of US jobless
2nd Jul 2010 12:22
Footsie ended the morning on or around its high for the day but trading is quiet ahead of the release this afternoon of the US non-farm payrolls data. Resource stocks continue to lead the way while banks claw back some of their recent losses as fears over European banks' balance sheets recedes. Da
Read moreUK SMALLCAP ROUNDUP: Chloride Recommends Emerson's GBP997M Offer
2nd Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CHLORIDE GROUP PLC (CHLD.LN), a maker of secure power systems, recommended shareholders accept a GBP997 million takeover offer from U.S. power and industr
Read moreMorgan Sindall Orders At GBP3.5 Billion; Pipeline Healthy
2nd Jul 2010 08:03
LONDON (Dow Jones)--Construction company Morgan Sindall Group PLC (MGNS.LN) Friday said it has GBP3.5 billion of orders and that it is pursuing a healthy pipeline of infrastructure opportunities. Morgan Sindall said orders increased to GBP3.5 billion from GBP3.2 billion at the beginning of the y
Read moreMorgan Sindall says full-year on track
2nd Jul 2010 07:52
Morgan Sindall, the construction and regeneration group, said the positive start to the year has continued and it remains on track to meet full-year expectations. Improvements in underlying trading is anticipated to offset the estimated £2m net cost of the integration of the Construction and Infras
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