Shares in Morgan Sindall Group PLC (LSE:MGNS) leapt 15.5% to 4,435p, to reach an all-time high on Tuesday morning, after saying strong trading in construction and office fit-out would mean profits will be "significantly ahead" of its previous expectations.
Strong trading has continued at its Fit Out division, which designs and builds office interiors, which the group said has provided increased revenue visibility for the rest of the year, with profits now expected to "significantly exceed" previous expectations.
Operating profit margins in the Construction arm are also now expected to be in the middle of its 3-3.5% medium-term target range, and revenues are also set to exceed previous expectations.
All other divisions remain on track with previous guidance, the FTSE 250-listed company said, following up from a March announcement where it gave a more tentative increase to financial guidance.