Sector movers: Construction stocks dented by macro concerns
7th Nov 2012 14:42
Construction and materials stocks were the worst performing stocks on Wednesday with blue-chip constituent CRH among the heaviest fallers. After a strong performance in morning trade, UK stock markets swung into the red after the European Commission at noon cut its forecasts for gross domestic prod
Read moreMorgan Sindall Chief Executive resigns
6th Nov 2012 10:00
Morgan Sindall's Chief Executive, Paul Smith, has resigned following a profits warning. Stepping into the breach, Executive Chairman, John Morgan, has been appointed Chief Executive. In a trading update the construction company warned that: "Our underlying trading for the current year is expected
Read moreTuesday broker round-up
6th Nov 2012 09:03
AB Foods: Jefferies keeps hold rating and 1,365p target; Panmure Gordon ups target from 1,300p to 1,450p, hold rating kept; Investec keeps hold rating and 1,300p target. Aviva: Panmure Gordon maintains buy rating and 425p target. Babcock: Jefferies keeps buy rating and 970p target; Seymour Pierce
Read moreMorgan Sindall JV bags Sellafield contract
12th Oct 2012 17:20
Morgan Sindall, the construction and regeneration group, said its joint venture with Arup Group has been selected as a preferred delivery partner for a range of services at the Sellafield nuclear site. The contract, potentially worth £1.1bn, requires Morgan Sindall and Arup to assist in improving a
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read moreTuesday tips round-up: Cape, Morgan Sindall, Catlin
7th Aug 2012 07:04
In the Telegraph, the Questor column has to eat humble pie as a former tip, Cape, an energy services company, has halved in value since its last recommendation. A profit warning on an Algerian project has been the main problem but the firm also faces rising costs in Australia. Questor, with his fing
Read moreOrder book slims down at Morgan Sindall
6th Aug 2012 07:54
Construction and regeneration group Morgan Sindall grew profits in a tough first half of the year but is not banking on its markets getting any easier in the short-term. Despite revenue in the first half of 2012 falling 8% to £1.00bn from £1.09bn the year before, profit before tax rose 13% to £18.8
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreWednesday 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 more