Morgan Sindall Group (MGNS)

Sector:

Construction and Building Materials

Index:

FTSE 250

2,355.00p
   
  • Change Today:
      20.00p
  • 52 Week High: 2,365.00
  • 52 Week Low: 1,706.00
  • Currency: UK Pounds
  • Shares Issued: 47.36m
  • Volume: 76,407
  • Market Cap: £1,115.38m
  • RiskGrade: 151

Balfour Beatty wins £184m contract to upgrade M60 and M62

By Benjamin Chiou

Date: Thursday 19 Jun 2014

LONDON (ShareCast) - Infrastructure group Balfour Beatty has won a £184m contract to upgrade a 17-mile stretch of the M60 and M62 motorways around Manchester.

The 'smart motorway' upgrade, for the Highways Agency, is expected to increase capacity, reduce congestion and shorten journey times for motorists along the Manchester Orbital Route.

Some 1,000 construction workers will be employed at the peak of the contract and Balfour will lead delivery of the scheme with three other partners: Costain, Carillion and a joint venture between BAM Nuttall and Morgan Sindall.

"The collaboration agreement will reduce individual contractor risk and encourage knowledge sharing and best practice," Balfour said.

Construction is expected to begin in July and will be completed in the autumn of 2017.

"This scheme will benefit the 180,000 road users that pass through this section of the motorway network every day. We are committed to lead this project in a collaborative way with our partners, employing local people and businesses in our supply chain," said Balfour's Chairman Steve Marshall.

BC

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

MGNS Market Data

Currency UK Pounds
Share Price 2,355.00p
Change Today 20.00p
% Change 0.86 %
52 Week High 2,365.00
52 Week Low 1,706.00
Volume 76,407
Shares Issued 47.36m
Market Cap £1,115.38m
RiskGrade 151

MGNS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
2.57% below the market average2.57% below the market average2.57% below the market average2.57% below the market average2.57% below the market average
36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average36.59% below the sector average
Price Trend
78.23% above the market average78.23% above the market average78.23% above the market average78.23% above the market average78.23% above the market average
46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average46.34% above the sector average
Income
79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average79.65% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average
Growth
29.78% above the market average29.78% above the market average29.78% above the market average29.78% above the market average29.78% above the market average
21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average21.95% above the sector average

What The Brokers Say

Strong Buy 4
Buy 2
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MGNS Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 05-Oct-23
Paid 16-May-24 26-Oct-23
Amount 78.00p 36.00p

Trades for 03-May-2024

Time Volume / Share Price
16:36 3,003 @ 2,355.00p
16:35 23,029 @ 2,355.00p
16:35 64 @ 2,355.00p
16:35 64 @ 2,355.00p
16:35 64 @ 2,355.00p

MGNS Key Personnel

CEO John Christopher Morgan
Finance Director Steve Crummett
CFO Kelly Gangotra

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