Morgan Sindall Group PLC (LSE:MGNS) shares jumped 10% in early trading on Tuesday after the construction and regeneration group said it now expects 2025 results to come in slightly ahead of market forecasts.
The upgrade was driven by a sharp acceleration in performance at its Fit Out division, which the company said is now on track to beat even the top end of its previously stated medium-term target range of £60 million to £85 million.
It follows full-year results published in February and signals a strong start to the year.
In the first hour of trading, the stock was up 290p at 3,330p. Peel Hunt repeated its 'add' recommendation and 3,300p price target following the unscheduled trading update.