Morgan Sindall profits double

Morgan Sindall has posted a record set of results as pre-tax profits doubled in the past year.

The construction group’s dividend increased from 21p to 92p. Revenues also increased by 6% to £3.2bn.

Chief executive John Morgan said: “2021 has been an excellent year for the group with progress across the board. Our record results reflect the high quality of our operations and the huge talent and commitment of our people,”

“We continue to make strong positive progress in our chosen markets, with the size and quality of our secured workload increasing in the year. This leaves us well-positioned for the future and on track to deliver a result for 2022 which is slightly above our previous expectations,” he added in a statement.