Chief executive buys 拢3.2m worth of shares

Morgan Sindall chief executive John Morgan has upped his stake in the construction group to over 10%, after buying 拢3.2m worth of shares yesterday (10 August).

The move is likely to be seen as a strong vote of confidence in the firm by investors. , with the firm rebounding into the black to a 拢15.4m pre-tax profit from a 拢27.2m loss.

The firm鈥檚 results were boosted by it finally settling the second of two hugely expensive problem Ministry of Defence contracts at the Faslane naval base in Scotland.

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