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Morgan Sindall on track despite inflationary headwinds

Morgan Sindall on track despite inflationary headwinds

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Morgan Sindall on track despite inflationary headwinds
Morgan Sindall on track despite inflationary headwinds
Morgan Sindall on track despite inflationary headwinds
Morgan Sindall on track despite inflationary headwinds
Construction news, jobs and co... Construction news, j... | 1 year ago
Firm still on course for good 2022 despite cost inflation and supply chain pressures
Firm still on course for good 2022 despite cost inflation and supply chain pressures
Morgan Sindall resists strong headwinds to grow orders
Morgan Sindall resists strong headwinds to grow orders
Morgan Sindall resists strong headwinds to grow orders
Morgan Sindall resists strong headwinds to grow orders
Construction news, jobs and co... Construction news, j... | 1 year ago
The firm reported its group order book to be slightly ahead of the half-year at £8.8bn and most parts of the construction business would meet targeted margins. Cost inflation and raised interest rates had created some scheme viability challenges at the Muse urban regeneration arm, while operating margins at the housing property services business continued to be impacted by general cost and labour inflation. In a trading update, chief executive John Morgan said that the key construction and i...
The firm reported its group order book to be slightly ahead of the half-year at £8.8bn and most parts of the construction business would meet targeted margins. Cost inflation and raised interest rates had created some scheme viability challenges at the Muse urban regeneration arm, while operating margins at the housing property services business continued to be impacted by general cost and labour inflation. In a trading update, chief executive John Morgan said that the key construction and i...
Construction and infra margins hit 3.2% at Morgan Sindall
Construction and infra margins hit 3.2% at Morgan Sindall
Construction and infra margins hit 3.2% at Morgan Sindall
Construction and infra margins hit 3.2% at Morgan Sindall
Construction news, jobs and co... Construction news, j... | 1 year ago
Results released today for the six months to June 30 show group pre-tax profits up to £53.7m from £52.4m last time on an increased  turnover of £1,698m from £1,559m. Morgan Sindall said it has been offsetting industry inflation by a combination of “contractual protection, operational efficiencies, flexible sourcing and (in the case of Partnership Housing) by house sales price inflation.” It added: “Where projects are being priced for future delivery, the inflationary environment has...
Results released today for the six months to June 30 show group pre-tax profits up to £53.7m from £52.4m last time on an increased  turnover of £1,698m from £1,559m. Morgan Sindall said it has been offsetting industry inflation by a combination of “contractual protection, operational efficiencies, flexible sourcing and (in the case of Partnership Housing) by house sales price inflation.” It added: “Where projects are being priced for future delivery, the inflationary environment has...
Morgan Sindall Highways chief departs
Morgan Sindall Highways chief departs
Morgan Sindall Highways chief departs
Morgan Sindall Highways chief departs
Construction news, jobs and co... Construction news, j... | 1 year ago
Gott was MD of Highways at Morgan Sindall infrastructure for more than four and a half years. He joined Morgan Sindall Infrastructure in 2007 as part of the AMEC acquisition and progressed to be a senior director in 2010. Gott initially headed up the energy business, then tunnelling and major projects before taking operational responsibility for the Highways business unit. A spokesperson said: “We can confirm that Paul Gott, managing director of our Highways business unit, has chosen to leav...
Gott was MD of Highways at Morgan Sindall infrastructure for more than four and a half years. He joined Morgan Sindall Infrastructure in 2007 as part of the AMEC acquisition and progressed to be a senior director in 2010. Gott initially headed up the energy business, then tunnelling and major projects before taking operational responsibility for the Highways business unit. A spokesperson said: “We can confirm that Paul Gott, managing director of our Highways business unit, has chosen to leav...
Morgan Sindall director joins Skanska rail team
Morgan Sindall director joins Skanska rail team
Morgan Sindall director joins Skanska rail team
Morgan Sindall director joins Skanska rail team
Construction news, jobs and co... Construction news, j... | 1 year ago
Corker will join Skanska later this month and brings more than 20 years’ experience in rail and civil engineering, most recently with Morgan Sindall where he was Area Director responsible for all Network Rail and third-party rail projects. Jonathan Willcock, Managing Director of Skanska’s Infrastructure business, said: “James has significant rail sector and industry experience and we’re delighted that he is joining Skanska. “We have exciting growth plans for the future and James’ c...
Corker will join Skanska later this month and brings more than 20 years’ experience in rail and civil engineering, most recently with Morgan Sindall where he was Area Director responsible for all Network Rail and third-party rail projects. Jonathan Willcock, Managing Director of Skanska’s Infrastructure business, said: “James has significant rail sector and industry experience and we’re delighted that he is joining Skanska. “We have exciting growth plans for the future and James’ c...
Morgan Sindall set for £80m leisure and health hub
Morgan Sindall set for £80m leisure and health hub
Morgan Sindall set for £80m leisure and health hub
Morgan Sindall set for £80m leisure and health hub
Construction news, jobs and co... Construction news, j... | 1 year ago
West Suffolk public service development to be built at no extra cost to tax payers
West Suffolk public service development to be built at no extra cost to tax payers
Industrial Market Pulling Ahead Despite Headwinds
Industrial Market Pulling Ahead Despite Headwinds
Industrial Market Pulling Ahead Despite Headwinds
Industrial Market Pulling Ahead Despite Headwinds
commercialsearch commercialsearch | 1 year ago
Although the under-construction pipeline is ballooning, experts see the industrial market as severely undersupplied, the latest CommercialEdge report shows. The post Industrial Market Pulling Ahead Despite Headwinds appeared first on Commercial Property Executive.
Although the under-construction pipeline is ballooning, experts see the industrial market as severely undersupplied, the latest CommercialEdge report shows. The post Industrial Market Pulling Ahead Despite Headwinds appeared first on Commercial Property Executive.
Morgan Sindall cinema job halted over rising costs
Morgan Sindall cinema job halted over rising costs
Morgan Sindall cinema job halted over rising costs
Morgan Sindall cinema job halted over rising costs
Construction news, jobs and co... Construction news, j... | 1 year ago
Morgan Sindall was named as preferred contractor for the project at the start of the year. However, the current national market conditions have resulted in the overall costs to deliver the scheme jumping by up to £5m – almost double the original cost – and still with considerable uncertainties. The council said finding an extra £5m would be a considerable challenge and risk for it in today’s conditions. Council chiefs said they had planned to borrow some of the funds to pay for the sch...
Morgan Sindall was named as preferred contractor for the project at the start of the year. However, the current national market conditions have resulted in the overall costs to deliver the scheme jumping by up to £5m – almost double the original cost – and still with considerable uncertainties. The council said finding an extra £5m would be a considerable challenge and risk for it in today’s conditions. Council chiefs said they had planned to borrow some of the funds to pay for the sch...
Morgan Sindall wins £61m Abergavenny super school job
Morgan Sindall wins £61m Abergavenny super school job
Morgan Sindall wins £61m Abergavenny super school job
Morgan Sindall wins £61m Abergavenny super school job
Construction news, jobs and co... Construction news, j... | 1 year ago
The rebuild will replace the existing King Henry VIII High School and combine it with the Deri View Primary School to create a single 1,900 place all-through school for three to 19-year-olds. Plans for the school were put before councillors earlier this year when the existing comprehensive school’s building was considered for replacement. Morgan Sindall has now got the go-ahead to break ground on the project. Phase 1 of the development will focus on the construction of the main school, with ...
The rebuild will replace the existing King Henry VIII High School and combine it with the Deri View Primary School to create a single 1,900 place all-through school for three to 19-year-olds. Plans for the school were put before councillors earlier this year when the existing comprehensive school’s building was considered for replacement. Morgan Sindall has now got the go-ahead to break ground on the project. Phase 1 of the development will focus on the construction of the main school, with ...
Why the Outlook for REITs Is Positive, Despite Headwinds
Why the Outlook for REITs Is Positive, Despite Headwinds
Why the Outlook for REITs Is Positive, Despite Headwinds
Why the Outlook for REITs Is Positive, Despite Headwinds
commercialsearch commercialsearch | 2 years ago
A turbulent stock market has not impeded performance. The post Why the Outlook for REITs Is Positive, Despite Headwinds appeared first on Commercial Property Executive.
A turbulent stock market has not impeded performance. The post Why the Outlook for REITs Is Positive, Despite Headwinds appeared first on Commercial Property Executive.