Latest news with #MorganSindall
South Wales Argus
10-07-2025
- Business
- South Wales Argus
Celebrations as new £62.5m school in Abergavenny takes a step closer
Morgan Sindall Construction has successfully completed the main building phase of the project and representatives from the firm, Monmouthshire County Council, and project partners gathered to hand over the new school building to the client. Procured via the SEWSCAP framework, the £62.5 million project delivers a purpose-built, all-through school for Monmouthshire County Council. It will bring together primary, secondary, and sixth form education on a single site and when complete will include 15,000 square metres of teaching space, wellbeing zones, sensory rooms, home economics areas, and dedicated Special Resource Base (SRB) spaces to support pupils with additional learning needs. It will offer a 3G football pitch, a 2G hockey pitch, a cycle training zone and Multi-Use Games Area. Constructed using a steel frame and incorporating GGBS cement to reduce embodied carbon, the school is the council's first designed to be Net Zero Carbon in operation. The project team had a number of challenges to overcome including including managing high groundwater levels and working on a sloping site. A key adaptation was made to the sheet piling design to preserve a 700-year-old oak tree, which is now a central feature of the landscape plan. During the project Morgan Sindall created 60 new jobs for those not in education, employment or training or the long-term unemployed, while supporting 22 new apprentices. The team engaged more than 9,323 pupils through STEM activities and donated more than 1,000 hours to school engagement programmes. Robert Williams, area director for Morgan Sindall Construction in Wales, said: 'We're incredibly proud to have delivered this transformative project for Monmouthshire County Council and the local community. King Henry VIII 3-19 School represents not only a major investment in education but also in sustainable construction and inclusive design. 'This project is a testament to what can be achieved through early collaboration, intelligent planning, and a shared commitment to creating inspiring learning environments. "I'd like to thank the client team at Monmouth, the consultants and our project team, supply chain, and all our partners for their hard work and dedication in bringing this vision to life. "A fantastic project that has been not only a great delivery success but has also built some wonderful friendships and relationships along the way - a true collaboration with one shared goal."
Business News Wales
08-07-2025
- Business
- Business News Wales
AtkinsRéalis Picks up Headline Awards at Welsh Education Sector Event
Global design and engineering services company AtkinsRéalis got top marks at the Education Buildings Wales awards – being named Consultancy of the Year and Architectural Practice of the Year, as well as nominating Client of the Year in an impressive hat-trick of awards. The event, held in Cardiff, celebrates excellence across the education sector, recognising outstanding consultants, contractors, clients, architects, and projects, alongside achievements in innovation and sustainability. In awarding the headline prize to AtkinsRéalis, judges said it should win Consultancy of the Year for its 'profound and lasting impact on Education in Wales'. AtkinsRéalis has enhanced educational estates, demonstrating exceptional leadership and commitment to sustainability and the future of generations through its design and project management, including for children with additional learning needs. To win Architectural Practice of the Year, AtkinsRéalis demonstrated how it uses bespoke data analysis tools and in-house architectural research to support local authorities and education providers to take a holistic, user-centred approach to design. From its Cardiff studio and nationally across the UK, AtkinsRéalis has extensive experience in the education sector at all levels – primary, secondary, higher and further education and has worked with a number of educational clients including local authorities, college and university clients. Recent work includes: Completion of NZCio schools for Pembrokeshire and Cardiff Councils Gower College: an Estates Strategy masterplan and NZC route map CAVC: a 10 year renewed Estates Strategy focusing on Reuse, Refurb and Consolidation. Coleg Gwent – Cross Keys: Feasibility study Coleg Gwent/ Newport Council: Feasibility study developing the Newport Knowledge Quarter zone The Client of the Year award was won by Rhondda Cynon Taf County Borough Council, nominated by AtkinsRéalis, which won for delivering quality Education investment to their communities and approaching schools projects with enthusiastic collaboration with stakeholders and delivery partners – consultants and contractors. Alan Jarvie, education sector lead for AtkinsRéalis, said: 'It was a fantastic night for AtkinsRéalis, founded on delivering excellence in the sector for our clients in Wales. 'AtkinsRéalis offers the resources, expertise and capability of a global consultancy, but with the knowledge and local understanding needed to bring world leading facilities to Wales. 'Our 'whole house' offering eases procurement and delivery efficiency, whilst still maintaining our unique position heading up flexible and adaptable, multi-disciplinary supply chains bespoke to client and project needs. 'It is great testament to the whole team that our work in these areas and the projects we have delivered gets this level of recognition by their industry peers.' Morgan Sindall's Ysgol Gymraeg Bro Penfro project – where AtkinsRéalis provided full multi-disciplinary design services from concept to completion – also won project of year.
Wales Online
24-06-2025
- Business
- Wales Online
Work begins on huge new leisure centre with flumes and gym
Work begins on huge new leisure centre with flumes and gym The £38m new leisure and wellbeing hub will bring the community new innovative facilities An artist impression of the facility (Image: Caerphilly County Borough Council ) Construction work has begun on a new £38m leisure and wellbeing hub that will be fit with a six-lane swimming pool with flumes and health suites and café. The two-storey building is being constructed on disused land in Caerphilly, near the Caerphilly Business Park and railway station. When completed the leisure and wellbeing hub will have a six-lane swimming pool with two flumes, a health suite, a fitness suite, studio spaces a group cycle studio, two squash courts and a power-assisted wellness suite. Alongside this the hub will have a café, a large adventure play facility, a TAGactive Arena, lounge area, consultation rooms, and a dedicated social space to be used by groups within the community. Stay informed on Caerphilly news by signing up to our newsletter here In total the new Caerphilly leisure and wellbeing hub will cost £38m as part of the Caerphilly Town 2035 placemaking regeneration plan with £20m of the funds being secured through the government's Levelling Up Fund. Content cannot be displayed without consent Match funding and additional contributions from Caerphilly County Borough Council and other sources will also contribute to the cost of the new leisure centre. Article continues below Caerphilly County Borough Council have appointed Alliance Leisure who will work alongside contractor, Morgan Sindall on the project. Julia Goddard, regional director at Alliance Leisure, said: "The Alliance team has been working with the council on this project since 2022 so it is fantastic to finally see a vision being turned into a reality. The new building integrates modern technologies to create an efficient, air source powered environment, housing an array of innovative facilities that directly match the needs of the community. "Once open, the Caerphilly Leisure and Wellness Hub will transform the lives of people living in the town and the surrounding areas. The facilities have been designed to accommodate the needs of everyone and to support individuals across their entire life journey. Children who will enjoy the facilities now will grow up and enjoy the facilities with their own children and then their children's children in years to come." Architect Watson Batty with Hadron Consulting will manage the project through the UK Leisure Framework, owned and managed by Denbighshire Leisure Limited (DLL). The six-lane pool will be single-depth of 1.1 metres to "help reduce running costs, support energy efficiency and allow more flexibility for different activities", according to the council. All of the facilities will be fully accessible and will include a changing places facility and a pool pod for assisted access in and out of the water. Article continues below Councillor Chris Morgan says: "The opportunity to create a purpose-built leisure and wellbeing centre designed to cater directly for the diverse social, health and wellbeing needs of our community is a once in a generation opportunity. "Working with Alliance Leisure, through the UK Leisure Framework, we are engaging leisure expertise at all levels of the supply chain to design and build a leisure and wellness hub that will stand out as one of the finest in the UK."
Daily Mail
17-06-2025
- Business
- Daily Mail
Morgan Sindall shares soar as construction group ups profit forecast
Morgan Sindall shares soared on Tuesday after the construction company said that its annual pre-tax profits were set to surpass previous estimates. The London-based firm believes profits at its Fit Out arm, which includes the Morgan Lovell and Overbury businesses, will 'significantly exceed' prior predictions thanks to continued 'strong trading activity'. It further expects profits to exceed forecasts in its construction segment, supported by revenue-beating expectations and an operating margin within its target range of 3 to 3.5 per cent. All other segments are on track to perform in line with estimates, the group said in a brief trading statement. Shares in Morgan Sindall climbed 15.6 per cent to £44.40 by late Tuesday afternoon following the firm's announcement, making them the FTSE 250's best performer by far. It means the company's shares have skyrocketed by around 72 per cent and 239 per cent over the past 12 months and five years, respectively. Founded in 1977, Morgan Sindall helps construct residential homes, renovate office buildings, and upgrade public infrastructure, such as sewage systems, railways, and motorways. Major projects the business has worked on include the Thames Tideway Tunnel, the Northumberland Line, and the refurbishment of Plymouth city centre. Since the Covid-19 pandemic, Morgan Sindall has enjoyed a surge in trade related to retrofitting offices. This comes amidst a 'flight-to-quality' among major firms seeking to make their work environments better for employees and more eco-friendly in line with stricter energy efficiency regulations. It won fit-out contracts in 2024 from the likes of legal giants A&O Shearman, Latham & Watkins, and Travers Smith, professional services network PwC, fintech platform Wise, and banks Standard Chartered and Lloyds Banking Group. The company also secured contracts to refurbish the roof at London's Liverpool Street station and completed work on the new London Institute for Healthcare Engineering building, as well as five fire station projects across the UK. Morgan Sindall achieved record results in 2024, with its turnover rising by 10 per cent to over £4.5billion and operating profits expanding by 15 per cent to £162million. It scored higher revenue in all business segments, except mixed-use partnerships, although the division's secured order book more than doubled to £4.1billion. Andrew Nussey, analyst at Peel Hunt, said: 'Across its core construction markets, Morgan Sindall is performing well.' 'In Fit Out, we assume some normalising of revenues and margins over the medium term, but we do not discount further near-term outperformance.'
Times
17-06-2025
- Business
- Times
Business live: FTSE 100 opens down after Trump warning to Tehran
The FTSE 100 has opened down 40 points, or 0.45 per cent, at 8,835.33, days after hitting a new all-time high, with concerns about increased tensions in the Middle East. The more UK-focused FTSE 250 dipped 12 points, or 0.06 per cent. Brent crude, which was higher earlier on concerns over supply from Iran, was down 0.4 per cent at $72.96 a barrel. Earlier safe-haven buying of gold eased with the price flat at $3,385.09 an ounce. The pound was down against the dollar at $1.36. In other corporate news this morning: Informa: The FTSE 100 events and academic publishing group said it was on track to meet full-year expectations before its annual general meeting later this morning. The company reported underlying revenue growth of 9.3 per cent for the five months to May 31. Morgan Sindall: The construction and infrastructure company expects full-year results for 2025 will be significantly ahead of its previous expectations. Trading has been strong in its fit-out and construction businesses. It is the second uplift in its outlook since its results in February. Asos: The online fashion retailer has announced the departure of its finance director Dave Murray, who will leave the group at the end of this month. The retailer has appointed Aaron Izzard, his deputy at present, to succeed him. The FTSE 100 industrial equipment hire group has warned that rental revenue in the current financial year will slow to between 0 per cent and 4 per cent amid continued weakness in the US construction market. The warning came as Ashtead posted full-year results that showed operating profits slipped 5 per cent to $2.12 billion, from $2.23 billion, in the 12 months to the end of April. Revenue fell 1 per cent to $10.79 billion from $10.85 billion as the company reported 4 per cent growth in group rental revenue. Ashtead said it was on track to shift its primary listing to the US in the first three months of 2026. America accounted for 98 per cent of operating profits last year and is home to Ashtead's Sunbelt rentals division. John Lewis has poached Anna Braithwaite, the former marketing director of Marks & Spencer, as its new chief customer officer. Braithwaite was a key figure behind the transformation of M&S. Isabella Fish, retail editor, writes that the move signals renewed ambition in John Lewis's attempt to win back the shoppers of middle England. As chief customer officer, Braithwaite will oversee marketing and customer experience across all John Lewis channels. Her focus will be on reviving the brand's core promise of quality, value and service. She will join John Lewis on October 1. European markets are expected to open down after President Trump left the G7 early to return to Washington and urged Iranians to evacuate Tehran as fighting between Israel and Iran entered a fifth day. Trump is also reported to have called the US national security council to be ready on his return. The FTSE 100 is forecast to open 48 points, or 0.5 per cent lower, with stock markets in Germany and France expected to fall as investors move into safe-haven assets. Gold rose close to $3,400 an ounce after dropping yesterday. The dollar strengthened and yields on US government bonds fell as investor bought Treasuries, traditionally a safe haven investment although recent events suggest their status may be shifting. Brent crude gained 0.78 per cent to $73.77 a barrel on concerns about supply from Iran, a big Opec oil producer. • For the latest on the Middle East tensions, follow here 1 Businesses intend to lay off staff and increase prices to deal with the £25 billion rise in payroll taxes announced by Rachel Reeves at the October budget, researchers have said. Of 500 owners of businesses, 33 per cent plan to reduce headcount, says a survey by Censuswide. 2 Oil prices receded and equities rose as traders bet that the Iran-Israel conflict would not escalate into a wider war. Reports that Iran is seeking a peace deal and evidence that oil supplies are unaffected reversed a sharp rally in crude prices. 3 The prospect of a takeover bid for Metro Bank sent shares in the lender surging to their highest in more than two years. The stock rose by 18.4 per cent after it was reported Pollen Street Capital, owner of Shawbrook Bank, made an approach. 4 German-owned Ensus, Britain's biggest producer of carbon dioxide for use in operating theatres and food and drink, has threatened closure as a result of the US-UK trade deal. 5 Entain's US betting and gaming joint venture raised full-year revenue and profit guidance. In a trading update, the group said 'positive momentum' of BetMGM continued in the second quarter. 6 Jaguar Land Rover has downgraded its earnings forecast and cashflow expectations for this year. JLR said its profit margins in the year to March would come in between 5 per cent and 7 per cent.
