London 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
Read moreMorgan Sindall wins Scottish work
21st Mar 2011 15:38
Morgan Sindall is one of the appointed contractors to two housing association framework contracts in Scotland worth a total of £210m. Morgan Sindall's subsidiary Lovell is one of six construction partners on the Port of Leith Housing Association Consortium's framework, which is worth up to £130m o
Read moreWednesday tips round-up: Anglo American, Informa, Devro...
23rd Feb 2011 06:43
Anglo American has a clear growth strategy, with a pipeline of 60 projects requiring $70bn of investment. It plans to double production of its commodities over the next decade. Anglo's Barro Alto nickel project in Brazil will begin production imminently and its Los Bronces copper expansion in Chil
Read moreLondon close: Rally falls short as Libya casts shadow
22nd Feb 2011 17:00
Strong consumer confidence figures in the US sparked an impressive rally from the top share index this afternoon following earlier gloom over the Libyan turmoil and the higher oil price, but worries re-emerged and the FTSE 100 finished below 6,000. BHP Billiton is one of those that has limped into
Read moreLondon afternoon: Modest rally continues
22nd Feb 2011 14:12
Shares continued to pare the morning's losses over the lunch time trading session, and from a position at the mid-morning stage where only five FTSE 100 constituents were in positive territory, by 2pm that number had grown to around 20. BHP Billiton is one of those that has limped into the black. T
Read moreMorgan Sindall profit falls
22nd Feb 2011 07:25
Construction and regeneration group Morgan Sindall posted a 9% fall in annual pre-tax profit as the challenging trading environment continues to hurt its performance. Pre-tax profit fell to £40.7m for the year ended 31 December 2010 from £44.7m the year before. Revenue for the year was down 5% at
Read moreMorgan Sindall wins £25m contract
7th Feb 2011 15:13
Construction firm Morgan Sindall has won a £25m sustainable housing contract in Hackney. The contract covers two new sustainable housing schemes for Hackney Council that will create 149 homes. These homes have to be 44% more efficient that it they had been built to current building regulations.
Read moreLondon close: Miners hold back FTSE 100
10th Jan 2011 17:01
The top share index was firmly in negative territory at the close of trading, despite M&A excitement concerning Smith & Nephew The joint replacement specialist jumped more than 10% following reports it turned down a bid approach from US rival Johnson & Johnson just before Christmas. Sticking with
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