Morgan Sindall reports record H1 amid housing backdrop
Morgan Sindall reported a record half-year with revenue around £2.56–2.6 billion and pre-tax profit about £116 million, while net cash rose to £418 million and the order book stood at £12.2 billion as it lifted medium-term targets for Fit Out and Construction and increased the interim dividend to 55p. The firm credited strong performance in Fit Out and Construction, supported by government investment and a robust project pipeline, despite a subdued housing market affecting partnerships and some divisions; it expects full-year results to meet guidance.