UK's Morgan Sindall rises on upbeat annual forecast
25/03/2025 11:49
** Construction company Morgan Sindall's MGNS.L shares rise as much as 10.2% to 33.5 pounds ** Stock on track for highest one-day pct gain since October 2024 ** Company expects full-year results to be slightly ahead of market consensus of adj pretax profit of 178 million pounds ($230.47 million) ** Morgan Sindall's Fit Out division expected to exceed both company's previous expectations and top-end of its revised medium-term targets of 60-85 million pounds ** "An update so early in the year is a sign of confidence," brokerage Panmure Liberum said ** Company's shares have fallen about 22% so far this year ($1 = 0.7723 pounds) (Reporting by Yamini Kalia in Bengaluru) ((Yamini.Kalia@thomsonreuters.com))