Morgan Sindall hikes dividend following strong half
8th Aug 2018 14:46
(Sharecast News) - Construction and regeneration group Morgan Sindall raised its interim dividend on Wednesday after first-half profits were boosted by a massive improvement in its urban regeneration division.
Read moreWednesday broker round-up
8th Aug 2018 12:36
(Sharecast News) - Spire Healthcare Group: Berenberg downgrades to sell with a target price of 120p.
Read moreTransport for London agrees £500m road improvement deal
5th Jan 2017 07:39
(ShareCast News) - Transport for London has agreed a £500m deal with contractors Costain, Morgan Sindall and Skanska to carry out major road improvement projects over the coming four years. The framework agreement, covering the construction, upgrading and maintenance of bridges, tunnels and highways
Read moreUK govt unveils planned route for second phase of HS2; awards contracts
15th Nov 2016 08:36
(ShareCast News) - The UK government has published the route for the second phase of the HS2 rail line from Crewe to Manchester and the West Midlands to Leeds. The high-speed link plan for the controversial £55bn project, published by the department for Transport, did not include a final decision ov
Read moreMorgan Sindall's regeneration continues to throw off cash
3rd Nov 2016 11:15
(ShareCast News) - Construction and regeneration group Morgan Sindall said it now expects to be in an average daily net cash position for the year, above its previous guidance, as it enjoyed strong trading and further growth in the order book. The "positive momentum" continued across the group from
Read moreMonday broker round-up
5th Sep 2016 15:25
(ShareCast News) - BAE systems: Goldman Sachs reiterates buy with a target price of 671p. Morrison: Jefferies maintains buy with a 210p target. Compass Group: UBS keeps at neutral with a 1485p target. Rio Tinto: Macquarie reiterates outperform with a 2900p target. Cobham: Goldman Sachs keeps at n
Read moreDirector dealings: Morgan Sindall founder backs company's regeneration
11th Aug 2016 16:33
(ShareCast News) - Morgan Sindall's co-founder and chief executive, John Morgan, has swooped into the market with a £3.2m purchase of shares to show his confidence in the construction and regeneration group as its shares began to bounce off last month's three-year low. Morgan, who co-founded Morgan
Read moreMorgan Sindall posts 20% jump in profit
2nd Aug 2016 16:19
(ShareCast News) - Morgan Sindall Group posted its half-year report for the six months to 30 June on Tuesday, with strong profit growth as group adjusted profit before tax rose 21%. The firm reported improved cash management, with average net debt for the period down to £24m from £35m, and period en
Read moreMorgan 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
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