Morgan Sindall's preliminary results for 2010 have shown a 5 per cent year-on-year drop in revenue and a 9 per cent fall in pre-tax profit. In early trading, shares in Morgan Sindall fell just under 1 per cent, as the London market reacted to the turmoil in Libya with losses across the board. But the firm's affordable housing arm Lovell boosted revenue from ￡374m to ￡387m, with profits up from ￡14.9m to ￡16.1m. Morgan Sindall has seen a boost in orders, the value of which has risen to ￡3.6bn, up from ￡3.2bn during the previous year.
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