Time and date

CONSTRUCTION DIRECTORY

Subscribe to our Construction newsfeed

Share this page

Construction News

25/02/2009

Lovell Assists Parent Company Morgan Sindall's Top Result

Lovell has contributed to a set of full year results released yesterday by parent construction and regeneration group Morgan Sindall plc.

Morgan Sindall, which operates through five specialist divisions of fit out, construction, infrastructure services, affordable housing and urban regeneration, has announced strong results for the year ended 31 December 2008.

-- Advertisement --

Profit before tax and amortisation has increased 15% to £71.4 million (2007: £62.1m) on revenue of £2,548 million up 20% from £2,115m in 2007.

Adjusted earnings per share grew by 22% to 127.8p (2007: 104.5p), with the total dividend increased by 11% from 38p to 42p.

The Group's forward order book currently stands at £3.7bn (2007: £4.3bn).

The Lovell order book stands at £1.3bn (2007: £1.5bn) thanks to its successful partnership working with housing associations and local authorities delivering new-build social housing, housing refurbishment programmes and urban regeneration schemes.

(GK/JM)

News Archive

Latest Construction News

15/11/2024

£2.5bn Green Link Project Gets The Go-Ahead

A major milestone has been reached in the UK's transition to a greener energy future. Ofgem has approved the Eastern Green Link 1 project, a £2.5 billion investment that will see the installation of a 196km subsea electricity cable between Scotland and England. The project, a joint venture between ...

15/11/2024

£100m Boost For Falkirk And Grangemouth

Falkirk Council has secured a £100 million Growth Deal that is expected to create 1,660 jobs and generate £628 million in economic benefits for the area. The Deal, signed by the UK and Scottish Governments, will fund 11 projects, including: • A Carbon Dioxide Utilisation Centre • A Bioeconomy ...

15/11/2024

Plant Hire Industry Faces 'Death' After Autumn Budget

The Scottish Plant Owners Association (SPOA) has raised concerns that the measures announced in the Autumn Budget could lead to the demise of the plant hire industry in Scotland. The association argues that the increased tax burden and other economic pressures will have a significant negative ...

15/11/2024

Maxi Construction Secures £1.6m Contract For School Roof Replacement

Maxi Construction has been awarded a £1.6 million contract by The City of Edinburgh Council to replace the Reinforced Autoclaved Aerated Concrete (RAAC) roof at Pentland Primary School. The phased project will involve the removal of existing roof coverings and ceilings, the replacement of RAAC ...

15/11/2024

Clark Contracts To Retrofit Scotland's National Retrofit Centre

Clark Contracts has been awarded a contract to retrofit Scotland's National Retrofit Centre at BE-ST's Innovation Campus. The project aims to transform the building into a living laboratory, showcasing best practices in non-domestic retrofit. The ambitious project will involve a range of ...

15/11/2024

Plans For A75 Bypass Take A Step Forward

The Scottish Government has announced plans to bypass the villages of Springholm and Crocketford on the A75, a key route linking Scotland to Ireland. Jacobs UK Ltd has been awarded a contract to undertake initial design and assessment work for the bypass. The project is funded by the UK ...

15/11/2024

£700k Boost For Dundee's Recycling Infrastructure

Dundee City Council has secured a £693,383 grant from the Scottish Government's Recycling Improvement Fund to upgrade its recycling facilities at Baldovie and Riverside. The funding will be used to purchase new waste management equipment, such as roll packers and compactors, to improve efficiency ...

15/11/2024

Homes For Good Expands Affordable Housing

Homes for Good and Glasgow Credit Union have formed a partnership to address housing inequality in Glasgow and neighbouring areas. Glasgow Credit Union has provided a £2.4 million loan to Homes for Good, which will be used to purchase up to 35 homes for low-income individuals and families. The ...

15/11/2024

Troon Station Reopens Following £5m Restoration

The historic Troon station has reopened following a £5m restoration project. The station was extensively damaged by a fire in 2021. Network Rail, in partnership with AmcoGiffen and CPMS, undertook the rebuild, which included the restoration of the station's iconic façade while incorporating modern ...

15/11/2024

Urgent Rockfall Mitigation Works On A828

BEAR Scotland, on behalf of Transport Scotland, is undertaking emergency works on the A828 between Ledaig and Benderloch to address a safety concern related to a deteriorating rock face. Recent monitoring has identified a fractured rock mass 60 metres above the road, requiring urgent attention. To ...