Morgan Sindall swings to loss on contract woes
4th Aug 2015 10:36
(ShareCast News) - Legacy contracts forced construction firm Morgan Sindall into the red for the first half of this year. The listed company posted a 6% drop in first half pre-tax profit to £14.2m. Shares in the company fell on the news, dropping by 3.28% to 783.22p at 0949 BST. The construction f
Read moreMorgan Sindall's CEO sells £0.8m worth in shares
13th May 2015 15:57
Morgan Sindall Group's chief executive John Morgan sold £0.8m worth in shares on Wednesday. Morgan sold 102,706 shares for an individual price of 792p each after exercising 107,736 options under the company's executive remuneration plan. The £813,432 disposal will cover the exercise price, tax and
Read moreMorgan Sindall cheered by two contract wins after profit warning
5th Nov 2014 11:11
Construction group Morgan Sindall, which warned on profits last month, on Wednesday got a boost by winning two contracts with defence group BAE Systems and UK rail infrastructure operator Network Rail. Morgan's construction and infrastructure division, which has seen a "challenging backdrop", will d
Read moreMorgan Sindall warns on profits after contract delays
24th Oct 2014 09:06
Construction and regeneration specialist Morgan Sindall has warned on profits after delays and higher costs on some contracts. Morgan said it had taken a hit from a small number of construction contracts in London and the South since 1 July that had experienced timetable slippages and increased esti
Read moreCarillion wins NHS and motorway upgrade contracts
19th Jun 2014 07:36
Carillion announced on Thursday the signing of two large contracts, including a £200m deal to provide support services for the Nottingham University Hospitals NHS Trust. After revealing in March that it had been selected as preferred bidder for the contract, the company said it has now been signed
Read moreBalfour Beatty wins £184m contract to upgrade M60 and M62
19th Jun 2014 07:15
Infrastructure group Balfour Beatty has won a £184m contract to upgrade a 17-mile stretch of the M60 and M62 motorways around Manchester. The 'smart motorway' upgrade, for the Highways Agency, is expected to increase capacity, reduce congestion and shorten journey times for motorists along the Manc
Read moreSector movers: Real estate, construction stocks gain on positive outlook
10th Apr 2014 13:50
Real estate, construction and materials stocks were performing well on Thursday amid signs of continued robust growth in the UK housing market. House sales across Britain climbed to a six-year high in the first quarter of 2014, with growth spreading "right across the country", according to the Roya
Read moreMorgan Sindall Group posts slump in 2013 profit
18th Feb 2014 11:00
Morgan Sindall Group disappointed with a decline in adjusted full-year pre-tax profit, blaming high competition and increased input costs in the Construction & Infrastructure and Affordable Housing divisions. The construction and regeneration group posted a a 34% plunge in earnings to £31.3m (2012
Read moreTuesday broker round-up UPDATE
18th Feb 2014 07:46
Aeorema Communications: Cantor Fitzgerald initiates with a target price of 90p and a buy recommendation. Aquarius Platinum: Investec shifts target price from 36p to 41p upgrading from sell to hold. Barclays: Jefferies shaves target price from 364p to 360p and keeps a buy recommendation. Brammer:
Read moreThursday broker round-up
7th Nov 2013 12:42
Afren: Liberum Capital takes target price from 136p to 197p and upgrades to buy. African Minerals: Liberum Capital cuts target price from 423p to 410p, while staying with its buy recommendation. Canaccord Genuity reduces target price from 400p to 345p leaving its buy recommendation unchanged. Alen
Read moreHiscox and Restaurant Group CEOs sell up
27th Sep 2013 16:11
Chief Executive at Hiscox, Bronek Masojada, has sold 10,000 shares at 650.50p a piece in the insurance provider. The sale generated £65,050 for Masojada, who joined the company in 1993. For the first half of the year the group posted a pre-tax profit of £180.7m (2012: £125.8m), helped by low ex
Read moreMorgan Sindall wins 100m-pound urban regeneration deal
13th Aug 2013 13:57
Housebuilder and construction group Morgan Sindall has won a deal to re-develop a town centre in north-east England. Morgan said South Tyneside Council had appointed its urban regeneration division Muse Developments as the sole developer of the £100m South Shields 365 town centre renewal. The plan
Read moreMorgan Sindall CEO sells 500,000 shares
9th Aug 2013 15:42
The founder and Chief Executive Officer (CEO) of Morgan Sindall has trimmed his stake in the construction and regeneration company to under a tenth over three millions pounds-worth of shares. John Morgan sold 500,000 shares (equal to a 1.16% holding) at a price of 665p each for a total of £3.3m, ta
Read moreMorgan Sindall margins squeezed in difficult markets
5th Aug 2013 07:33
Construction and regeneration group Morgan Sindall said profit continued to be eroded by tough trading conditions and it doesn't expect markets to significantly improve. Revenue increased 2% to £1.019bn for the half-year to June 30 while adjusted pre-tax profit fell 24% to £15.4m. The figures are b
Read moreThursday broker round-up UPDATE
9th May 2013 07:23
Alkane Energy: Liberum Capital initiates with a target price of 44p and a buy recommendation. Anite: Panmure Gordon shifts target price from 170p to 171p and maintains a buy recommendation. Atkins: Credit Suisse raises target price from 770p to 822p, but downgrades to underperform. Avacta Group:
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