Wednesday tips round-up: Morgan Sindall, Dragon Oil, Pendragon ...
22nd Feb 2012 06:57
In the Times, Tempus points out the long term strategy of construction firm Morgan Sindall. It is using earnings from core construction work to invest in regeneration projects, like town centres. It may well pay off, thinks Tempus, highlighting the 6% yield, but in the near term profits will be hard
Read moreMorgan Sindall toughs out 'challenging' year
21st Feb 2012 09:36
Regeneration and construction firm Morgan Sindall has reduced its dependence on pubic sector projects and increased revenues as its recovery from big share price falls last summer continues. The firm grew revenues to £2.227bn in 2011, a 6% gain on 2010. However, in what are described as "challengin
Read moreHICL dives further into Poole
16th Feb 2012 08:20
Infrastructure investment firm HICL Infrastructure has acquired majority control of the Dorset Fire & Rescue project after doing a deal with Morgan Sindall Investments. HICL has bought an additional 33.5% equity and loan note interest in the project from Morgan Sindall Investments, bringing the gr
Read moreWednesday tips round-up: Construction, ITE, IG Group ...
30th Nov 2011 07:34
Much has changed since the Independent's Investment Column looked at spread betting firm IG Group. For one thing, the economic outlook has turned darker, making IG's chunky prospective dividend yield of 5% (and higher on some estimates) look that much more attractive, the Indy reckons. The income, a
Read moreBalfour Beatty wins £110m rail contract
24th Nov 2011 07:39
FTSE 250 infrastructure group Balfour Beatty has been awarded the Whitechapel Crossrail contract worth £110m. The project, awarded to a joint venture between Balfour, Morgan Sindall and Vinci Construction, includes the demolition of the existing station, construction of a new ticket hall, platform
Read moreMorgan Sindall in Brummie contract frame
22nd Aug 2011 13:43
Construction and regeneration group Morgan Sindall has been appointed by Birmingham City Council to the Constructing West Midlands framework. Morgan Sindall and its affordable housing division, Lovell, will work on projects secured through the framework under the name Community Solutions West Midl
Read moreLondon midday: Mining rally keeps FTSE 100 higher
11th Aug 2011 12:12
Stocks came firmly off their earlier highs, with worries over the French banking system continuing to cause jitters, but a strong performance from the mining sector helps to keep the FTSE 100 in the blue. Miners are rallying strongly, led higher by Kazakh copper miner Kazakhmys, but French banking
Read moreLondon open: Lloyds and RBS miss out on rally
11th Aug 2011 08:37
London has ignored last night's shake-out on Wall Street and is approaching triple-digit gains, though banks are left in the cold amid continuing Eurozone worries. US benchmark indices each tumbled more than 4% overnight, on fears over the health of the US economy and also the future of France's AA
Read moreLondon pre-open: No Wall St. hangover
11th Aug 2011 07:31
London looks set to ignore last night's shake-out on Wall Street and head higher at the outset, with City traders predicting the Footsie will open with a triple digit gain. US benchmark indices each tumbled more than 4% overnight, on fears over the health of the US economy and also the future of Fr
Read moreMorgan Sindall wins contract worth £115m
11th Aug 2011 06:55
Morgan Sindall, the construction and regeneration group, has secured a major regeneration scheme contract in Chester city centre, with a total development value of approximately £115m. The regeneration scheme was awarded to the company's Urban Regeneration division, Muse Developments, and will fo
Read moreTuesday tips round-up: Morgan Sindall, Centrica, Imperial Tobacco
9th Aug 2011 06:48
Cautious optimism is about the best one can expect from a business such as Morgan Sindall, so heavily exposed is it to a range of activities in construction. The shares have been trending down since the start of the year and sell on less than eight times' earnings and have the support of a yield app
Read moreMargins under pressure at Morgan Sindall
8th Aug 2011 13:10
Construction and regeneration specialist Morgan Sindall remains confident of medium term growth despite announcing disappointing half year results. The company saw its pre-tax profits fall 9% to £16.7m (2010: £18.4m) for the half year period ending 30 June, despite revenue jumping up 11% to £1,087
Read moreMilton Keynes delight for Morgan Sindall
12th Jul 2011 13:18
It is back to Milton Keynes for Morgan Sindall, the construction and regeneration specialists, which has had its framework status for major building works extended by the local council. The three-year framework has a possible one-year extension, and is for a total anticipated spend of up to £100m b
Read moreWednesday tips round-up: Persimmon, Marshalls, Zotefoams
6th Jul 2011 06:38
Persimmon, the country's largest housebuilder, built 4,439 homes in the first half, down 5% on the year, which were sold at an average of £162,000. This price represented a 4% decline because of a higher mix of smaller houses. Yet margins edged up to 9% from 8%. The main bugbear for investors is the
Read moreMorgan 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 positio
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