Citywatch Season's Greetings

摘要

Morgan Sindall kicked off the first week of the results season with decent numbers, albeit with some signs of softening.rnWhile turnover at its construction and infrastructure divisions was up by 31% and 39% respectively, fit-out and affordable housing were both slightly down. Analysts expressed longer-term concerns about the latter two markets, but the results were enough to stop a recent share price slump and the stock rose 8% in early trading.rnIt was a similar tale of two halves at Galliford Try and Kier.rnGalliford boss Greg Fitzgerald said the construction and housebuilding arms would both have record years in 2009 -but for very different reasons.rnIt was full steam ahead at Kier's construction and support services divisions, which saw profit rise by 21% and 22% respectively. Despite housingrndifficulties, boss John Dodds said its public sector and framework deals meant it was well-placed to weather the storm.