Company
SIG PLC
LON:SHI
SIG PLC is an international supplier of Insulation, Exteriors, Interiors and Specialist Construction Products. The Group operates in 11 countries in Europe and has small trading operations in a further five serving a wide range of trades in the building and construction markets
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Builders and building materials
SIG acquires Miers Construction Products for initial £28mln
SIG's EPS and operating margin are expected to rise immediately as a result of the acquisition
Builders and building materials
SIG sees full-year performance surpassing expectations after forecast-beating first-quarter sales
The company said some supply constraints persist across the business but are abating
Builders and building materials
SIG sees FY operating profit ahead of expectations after strong Q4 update
SIG says it continues to trade well in Q4, ahead of expectations
Builders and building materials
SIG losses double as restructuring and coronavirus take toll
SIG took a charge of almost £90mln for impairments and onerous contract write-downs.
Builders and building materials
SIG expects lower losses after patching up in second half
Like-for-like revenues for the fourth quarter were up 4% versus the prior year, after a 24% decline in the first half
Builders and building materials
SIG swings to loss but anticipates better full year than indicated
“The second half of 2020 is expected to remain loss making, but at a lower rate than the first despite some increased pressure on gross margin in the UK,” said CEO Steve Francis
Builders and building materials
SIG unveils fundraising as sales returning to normal after coronavirus crash
The group also announced the appointment of group financial officer Ian Ashton and Simon King as a non-executive director
Archive
FTSE 100 closes sharply lower as fears over US, China relations spook markets
Britain's blue chip benchmark finished around 157 points lower at 6,061 on Friday
Archive
Shorter trading week to end quietly with finals from SIG, quirky US personal income and spending figures
Updates from Eve Sleep, Urban Logistics and Benchmark Holdings are also on the corporate agenda on Friday
Builders and building materials
SIG to reopen most UK sites by mid-May in line with coronavirus safety measures
Trading in Germany, Holland and Poland has continued at a similar level to before the outbreak, while sites in France and Ireland are also resuming operations
SIG makes CEO appointment permanent
Steve Francis, who previously served as boss of Patisserie Holdings, initially took the helm in February for an initial term to December 31, 2020
Builders and building materials
SIG scraps dividend and guidance amid coronavirus crisis
Despite the pandemic, the insulation maker said the vast majority of its trading sites in mainland Europe remained open and trading had “generally held up”
Archive
FTSE 100 closes 3.6% lower as coronavirus cases hit 100,000 globally
Footsie lost 1.8% over the week. Never mind, there's always the UK Budget to look forward to ...
Builders and building materials
As coronavirus outbreak dominates, US non-farm payrolls likely to have limited impact
The reading is expected to be much lower than January, which was favoured by unseasonably warm weather
SIG slides as CEO and CFO exit
Meinie Oldersma and Nick Maddock have both resigned from the insulation firm with immediate effect and will be replaced by Steve Francis and Kath Kearney-Croft, respectively
Builders and building materials
SIG's third profit warning drags down building materials peers
The building materials supplier said underlying profit before tax for 2019 will come in around £42mln, versus analyst expectations of £68mln
Builders and building materials
SIG warns on profits as construction slump worsens in UK, Germany
Full-year profits in the specialist distribution and roofing merchanting businesses are expected to be “significantly lower” compared to previous expectations
Builders and building materials
SIG shares under pressure as it warns of 'marked deterioration' in construction activity
SIG said political and macro-economic uncertainty continues to increase as it enters the traditionally strongest trading months of the year
Builders and building materials
SIG to sell German unit WeGo FloorTec as tough UK construction market hits sales
SIG reaffirmed its expectations for the full year, although added that it would “continue to monitor how trading conditions develop”.
Investments and investor services
FTSE 100 closes in red on day but higher over the week as US jobs rebound in June
The UK's premier share index closed down around 51 points at 7,552 on the day, but over the week as a whole the index added around 1.7%.
Archive
US job growth expected to pick up slightly in Friday’s non-farm payroll report
The US economy is expected to have added 162,000 jobs in June, up from the pitiful 75,000 that was added in May
Archive
FTSE 100 closes higher as US president talks up trade deal
The UK index of leading shares closed up around ten points at 7,271, while the FTSE 250 added 66 points at 19,531
Archive
ITV to take spotlight on Wednesday as updates arrive from several blue-chip firms
Tobacco firm Imperial Brands and insurer Direct Line are also scheduled to report at the mid-point of the week
Builders and building materials
SIG 2018 profit jumps 25% as cost control, price hikes counter weak demand in construction market
The FTSE 250-listed firm reported an underlying pre-tax profit, excluding property profits, of £72.7mln for the year ended December 31, up from £58.1mln a year earlier
Investments and investor services
FTSE 100 closes in the red as global growth concerns weigh heavily
Footsie finished down around 53 points at 7,104. On the week as a whole, it shed around 0.028%
Archive
US January jobs data eyed for any impact from US/China trade tensions, government shut-down
December’s US jobs data showed the unemployment rate tick up slightly to 4%, while slower hourly earnings growth raised some eyebrows even though over 300,000 jobs were created
Builders and building materials
SIG shares drop as UBS downgrades rating to 'sell' after weak construction market hits revenues
UBS lowered its rating on SIG to ‘sell’ from ‘neutral’ and cut its target price to 100p from 127p.
Builders and building materials
SIG shares in the red as revenues hit by tough construction market
SIG believes its restructuring plan will lead to a “significant increase” in 2019 profits
Investments and investor services
FTSE 100 closes higher as markets climb on trade talk optimism
Trade talks between China and the US are said to be going very well, which has lit a fire under US equities
Archive
'Big Four' supermarket sweep set to kick off with Christmas trading news from Wm Morrison
The update comes after Bradford-based Morrisons on Monday said it would cut an average of 20% from the prices of 900 products, including “store cupboard favourites”
Archive
Slew of Christmas updates from retailers to dominate after Next's positive seasonal surprise
The Week Ahead will bring trading updates from the likes of M&S and Debenhams on the general retail front and all three of the listed UK supermarket groups – Morrisons, Sainsbury’s, and Tesco
Peel Hunt spotlights 29 stocks with potential to double on 2-3 year view including Base Resources, Eland O&G, Motif Bio, Circassia
The City broker’s analysts pointed out that December is often a time for winding down and celebrating but with the FTSE All Share looking set to record its worst annual performance since 2008 the festive spirit is a little short this year
Builders and building materials
SIG remains confident of delivering in line full-year results in spite of continuing challenging market conditions
In a trading update covering the period from 1 July to 31 October 2018, the FTSE 250-listed insulation specialist said group revenues from continuing operations decreased by 2.3%
Archive
FTSE 100 closes firmly lower, joining global indices, as traders shun risk
If you are long blue-chip equities, the trend has not been your friend today
Archive
Schadenfreude to boost full-year results from budget airline easyJet after recent misfortunes of rivals
The Day Ahead also includes updates from blue-chip contract caterer Compass Group, and second line players such as challenger bank CYBG and online electrical appliances retailer AO World
Builders and building materials
SIG sees first-half profits drop after builders delayed projects because of Britain’s long icy winter
The FTSE 250-listed construction materials supplier saw its underlying pre-tax profit drop by 21.8% to £26.9mln in the six months to 30 June, down from £34.4mln a year earlier which included one-off property profits
FTSE 100 surges higher as Brexit talks reach impasse; pound plunges
Around 4pm, the UK bluechip index was 109 points higher at 7,476, just easing back from the session peak of 7,495 after a strong week
Archive
Sky goes up for auction to end heavy week for company results
The UK's takeover panel said the bidding process will transfer into an auction phase from 5pm tomorrow until Saturday evening
Builders and building materials
SIG agrees to sell fastener maker VJ Technology to private equity firm
The FTSE 250-roofing and insulation supplier said the consideration from the sale was expected to be around £29.7mln, resulting in a gain of around £7.4mln
SIG gets double upgrade as Liberum backs new management to eliminate inefficiencies
With the shares having fallen from around 176p to 143p this year, the risk/reward balance now looks a lot more enticing to Liberum Capital Markets
Investments and investor services
FTSE 100 closes higher, given a leg-up by weaker pound
The blue-chip index closed around 38 points higher at 7,700
Investments and investor services
Will BT Group be able to avoid cutting its dividend?
Thursday is set to be a busy one for corporate results with the likes of BT Group, Barratt Developments, Next and Supergroup among the day's highlights.
Builders and building materials
SIG reports first profit improvement in three years as Europe recovers, but UK still challenging
Meinie Oldersma, SIG's chief executive officer said: "As the Group moves into 2018, we are seeing increasingly confident markets across Mainland Europe and Ireland"
FTSE 100 finishes the week on a bright note after US jobs boost
The Footsie perked up after US jobs growth in February was way off the charts
Archive
GVC's Ladbrokes takeover to be centre of attention in 2017 results
The day ahead will see full year results from GVC and the US non-farm payrolls report
Builders and building materials
Grafton's non-reliance on the UK a boon in Berenberg's eyes
The same can't be said for Travis Perkins, which is downgraded to 'hold', and Howden Joinery, which is left on 'hold', as both will be hampered by a flat UK market
FTSE 100 reaches new closing high with supermarkets in support
London's top tier index reached a new record high on Tuesday, led by supermarket shares
Archive
Wm Morrison set to start Christmas trading supermarket sweep
Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
Archive
Updates from UK food retailers on the menu, as well as high street stalwart M&S in coming week
Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
FTSE 100 closes slightly higher as European stocks end in positive territory despite German political uncertainty
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
Archive
EasyJet to report lower full year profits amid tough competition and higher costs
The day ahead includes full year results from EasyJet and a trading update from Kingfisher
Builders and building materials
Insulation group SIG to issue trading update, host strategy day on November 21
SIG PLC has said it will issue a trading update on November 21, it told investors today. It will also host a strategy day on this date for analysts and investors
Builders and building materials
Numis cuts stance on insulation products firm SIG as it feels the stock is up with events
In a note to clients, analysts at Numis cut their stance for the FTSE 250-listed group to ‘reduce’ from ‘hold’ while leaving their price target unchanged at 150p
Johnston Press up as print and distribution contract with Trinity Mirror extended
A look at some of the biggest risers and fallers in London today
Archive
Paddy Power Betfair and the final hurdle for CEO Breon Corcoran
Is Corcoran leaving on a high or getting out while the going's good?
Builders and building materials
SIG shares jump as weak pound and recovery in European construction markets boost sales
For the first six months of 2017, revenues from continuing operations increased by 8.1%
Archive
Food stocks and housebuilders in Wednesday's spotlight with updates from Booker and Persimmon
A look at Wednesday's agenda with interims from Ocado Group and trading statements from Booker Group, Persimmon and McCarthy & Stone
Archive
Argos to put some zip into J Sainsbury
Week ahead, J Sainsbury, Non-farm payrolls, Ocado, Imagination Technologies
Results light up LED group ProPhotonix
Risers and fallers in London at 3,30pm: Prophotonix, Interquest, Surgical Innovations
Builders and building materials
SIG appoints new boss as profits slump
Current Brammer boss Meinie Oldersma is the man tasked with steadying the SIG ship following a ‘disappointing’ year
FTSE shares end lower as sterling marks 8-week low vs dollar on Brexit jitters
FTSE 100 shares closed lower on Tuesday after investors turned edgy over Brexit plans which hit banking and retail shares as well as took sterling to an 8-week low against the US dollar
Archive
Day ahead - Copper group Antofagasta and savings giant Prudential in the cross-hairs
investors will be scanning full-year results from Chilean copper producer Antofagasta, due on Tuesday, for progress on the expansion of its Los Pelambres asset
Archive
Antofagasta closing in on a feasibility study of expansion of Los Pelambres
Big names reporting include Antofagasta, Hikma and Robert Walters.
Dunelm in bargain bin as brokers turn bearish
The main share price rises and falls in London at 3.30 pm
FTSE 100 shares mark 14th successive record close
FTSE 100 shares continued their solid rally and even if it was Friday the 13th it was the 14th successive record high close for the blue-chip ticker, built this time by the construction sector
Builders and building materials
SIG PLC surges as like-for-like sales show signs of growth
The group's main aims for 2017 are to restore customer focus, grow sales and lower gearing
Archive
Day ahead: Pubs group Mitchells & Butlers to provide festive drinking glimpse
Consumer confidence and retail sales surveys recently have shown that eating and drinking out has continued to be a growing segment despite a high street slowdown.
Week ahead: Blizzard of trading updates to show the icy front on UK high streets
Given Next’s disappointing update this week, news from Marks and Spencer and Primark-owner Associated British Foods could send the most shivers through the sector.
Builders and building materials
SIG PLC fairly priced after slumping in the wake of a profit warning
Liberum, Cazenove and Deutsche have all slashed their price targets but stuck by their neutral ratings
Risers and fallers: GCM Resources fired up by thermal power plant deal
Some of the main news-driven share price changes at 3.30pm
Builders and building materials
SIG slumps on shock UK profit warning, CEO departs
SIG has stepped up its cost cutting programme with more branch closures planned
Investments and investor services
Risers & Fallers: boohoo.com, Alba Mineral Resources, Galantas, SIG, IP Group, Tex Holdings
No tears at boohoo.com as it issued an upbeat trading update
PREVIEW - GW Pharmaceuticals keeps on surprising
Purified cannabinoids biotech company GW Pharmaceuticals reports quarterly numbers.
Stocks down as enthusiasm flattens
Investors calm down and leave trading flat at the start of the week, despite an early high
Healthy oil rise keeps markets afloat, helps energy stocks
Investors cautious on Monday following a burst of optimism
Week Ahead: Telit expected to reveal benefit from sterling's slide
Among the big names reporting this week include insurance giants Legal & General, Old Mutual, Standard Life and Prudential
FTSE100 tipped to start higher as focus is on ECB meet
FTSE100 is tipped to go higher after global losses in markets yesterday on China growth fears.
Wednesday's agenda: StatPro Group PLC crunches the numbers
Shareholders will doubtless be interested in how StatPro's acquisitions are bedding down.
Risers & Fallers: Charlemagne, Greatland, Marechale, Mgt Resource, Progressive Digital, ScS
Ocado could be going up the Amazon, according to reports.
Thursday's agenda: Food deflation on Tesco and BoE minds
With food prices in decline, supermarkets are finding it hard to grow like-for-like sales, but it means the Bank of England is in no hurry to raise interest rates to combat inflation
Investments and investor services
UBS upgrades Micro Focus, eyes spin-out of Linux unit
Micro Focus, APR Energy, Pearson, Entertainment One and SIG are in the broker spotlight this morning
Investments and investor services
FTSE 100 rouses itself after ECB press conference
The only way was up after Mario Draghi's press conference proved sweet music to the ears of the bulls
Builders and building materials
SIG slides on European markets warning
Like-for-like sales fell by 0.9% in the three months to September.
Investments and investor services
Risers & Fallers: Zoopla, Ladbrokes, Debenhams, SIG, Foxtons, Pearson
Below are the main news-driven share price movements at 12.30pm.
City sees cash drain for Anglo American
Anglo American, SIG, Premier Farnell, Northgate, and Topps Tiles are in Friday's broker spotlight
Investments and investor services
Risers & Fallers: Asiamet Resources, Oracle coalfield, Prudential, Fitbug, Vedanta and more...
Asiamet Resources was higher as city analysts noted the new management's pedigree for turning small firms to multi-billion dollar companies.
Archive
Tuesday's Agenda: Prudential catches the eye of investors
The Pru's decision to focus on Asia has proved a smart one, but with regulatory changes affecting the retail annuity market in the UK, it can't afford a slowdown in its Asian operations.
Investments and investor services
Week Ahead: Growth in Asia to offset Pru's UK growth issues
The Pru's decision to focus on Asia has proved a smart one, but with regulatory changes affecting the retail annuity market in the UK, it can't afford a slowdown in its Asian operations.