£49m building safety charge erodes Morgan Sindall profits

Morgan Sindall saw pre-tax profit fall back by a third to £85m last year after setting aside £49m to meet the Government’s building safety pledge on its housing schemes.
Chief executive John Morgan said underlying performance remain strong in spite of the economic headwinds with revenue rising 12% to a record £3.6bn.
Adjusted group operating profit remained robust up 6% at £132m helped by a strong performance by the fit out division.But rising energy prices, supply