Morgan Sindall

Morgan Sindall has warned that soaring interest rates and inflation pose “viability challenges” to some projects. The UK’s third-largest contractor by revenue told the City this morning that its trading remained “robust” amid worsening economic conditions. Annual consumer price inflation has almost doubled in 2022, while the cost of an…

Kier, ISG and Willmott Dixon are among a host of major contractors to win multiple slots on a £600m framework to develop new buildings for the Department for Environment, Food and Rural Affairs's (DEFRA) Animal and Plant Health Agency (APHA) science estate. The framework covers design, build, installation, commissioning and handover…

Morgan Sindall’s development arm, Muse, has appointed a former Landsec director as its new finance head. Rosalind Futter worked at Landsec in a variety of finance roles for more than a decade - most recently serving as group finance director. Prior to working in construction, she worked at firms including…

Several of the UK’s top contractors will limit work or completely shut sites during the Queen’s funeral next week. Earlier this week, the Construction Leadership Council told firms that there was no obligation on them to suspend business during the funeral of Queen Elizabeth II, as per government guidance. It…

With the raised energy price cap pushing up the average household bill to about £3,459 per year from October, the soaring cost is already a concern for millions of people across the country. As an industry that relies on energy-intensive materials and heavy machinery, diesel and petrol, construction is even…

Laing O’Rourke’s £370m job to build HS2’s Birmingham Interchange propelled it to the top of the July league table. The contract to build the last of HS2’s stations took Laing O’Rourke nearly £150m ahead of its nearest competitor, according to data gathered by construction intelligence provider Glenigan. Laing O’Rourke will…

Cash levels remain central to Morgan Sindall’s strategy, its chief executive has said. The company’s half-year results, released yesterday, showed its net-cash figure at the end of June was down by £63m, the first time in several years that it had fallen. It remained at a healthy £274m, but this…

The government has asked another Morgan Sindall business to sign up to its remediation pledge, in a move that could see it make a provision of up to £50m, although its chief executive insisted it would not have an effect in the long term. Earlier this year, 48 developers agreed…

Morgan Sindall’s chief executive said the company is ahead of expectations as its turnover soared to record levels in the first half of the year. In financial results for the six months to 30 June, the contractor reported that its revenue had grown by 9 per cent, rising to £1.7bn,…

Morgan Sindall and Kier have won places on a £500m building framework for the South East of England. The Property Construction Partnership Framework, operated by Kent County Council, covers new builds, extensions, alterations and refurbishments to public sector buildings, especially schools. Jobs on other types of property, including housing, could…