Morgan 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:
Read moreSector movers: Construction stocks gain after Budget
20th Mar 2013 13:35
Stocks in the construction and materials sector were making decent gains on Wednesday in the aftermath of Chancellor George Osborne's Budget statement which included a number of measures to kick-start infrastructure and home-buying activity. Speaking to packed House of Commons, Osborne said that th
Read moreWednesday broker round-up UPDATE
20th Feb 2013 07:04
Amara Mining: Goldman Sachs moves target price from 90p to 55p downgrading to neutral. Aureus Mining: Goldman Sachs revises target price from 65p to 55p retaining a neutral rating. Avocet Mining: Goldman Sachs cuts target price from 55p to 30p and upgrades from sell to neutral. AZ Electronic Mate
Read moreMorgan Sindall profit eroded by tough markets
19th Feb 2013 07:45
Construction and regeneration group Morgan Sindall reported a decline in pre-tax profit, in line with expectations, and slashed its dividend as it continues to battle against difficult markets. Pre-tax profit fell 15% to £34.2m for the year ended December 31st 2012 while revenue for the year droppe
Read moreTuesday broker round-up UPDATE
19th Feb 2013 07:30
Admiral Group: Investec takes target price from 570p to 582p, but still recommends selling. Advanced Medical Solutions: Investec upgrades from hold to buy with a target price of 68p. African Barrick Gold: Canaccord Genuity reduces target price from 360p to 305p keeping a hold rating. Anglo Americ
Read moreMorgan Sindall Group appoints new Finance Director
10th Jan 2013 08:58
Morgan Sindall Group has appointed Steve Crummett as Finance Director, the UK construction group said Thursday. Crummett will start work in late February following the retirement of David Mulligan who spent 15 years at the company. Mulligan will leave the firm in April after a handover period. C
Read moreMorgan Sindall says short term outlook remains challenging
18th Dec 2012 07:21
Construction and regeneration group Morgan Sindall said trading, since its profit warning in November, has continued in line with company expectations for the year. Last month the group warned on full year profit after a further market deterioration in the UK construction industry amid public spend
Read moreBP director tops up stake as group settles fine
19th Nov 2012 16:29
Frank Bowman, a Non-Executive Director of oil giant BP, purchased 3,600 shares in the company at 420.73p each last week. The £15,146 transaction came just one day after BP announced that it had resolved all criminal claims with the US Department of Justice in relation to the Gulf of Mexico oil spi
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