Construction and regeneration group, Morgan Sindall, has made a positive start to the year and is in trading line with its expectations.

The Group’s forward order book has increased since the start of the year from £3.2 billion to £3.6 billion. In addition to the forward order book, Morgan Sindall’s urban regeneration division’s development pipeline remains at £1.4 billion. The financial position of the Group remains strong, with average cash for the year to date increasing over the level achieved for the comparable period in 2009.

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In summary, the Group has made a positive start to 2010. It remains well positioned to face the challenges ahead and to benefit from opportunities as they present themselves.

(CD/GK)