Company
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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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
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%
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If you are long blue-chip equities, the trend has not been your friend today
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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
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
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
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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
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
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
The blue-chip index closed around 38 points higher at 7,700
Investments and investor services
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
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"
The Footsie perked up after US jobs growth in February was way off the charts
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The day ahead will see full year results from GVC and the US non-farm payrolls report
Builders and building materials
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
London's top tier index reached a new record high on Tuesday, led by supermarket shares
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Day ahead includes trading updates from food retailer Wm Morrison Supermarkets PLC, housebuilder Perimmon PLC, and staffing group Robert Walters PLC
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Week ahead includes trading updates from supermarkets Wm Morrison Supermarkets, J Sainsbury, Tesco, John Lewis's Waitrose, plus clothing retailer Marks & Spencer
The FTSE 100 managed to turn away from earlier losses to edge slightly higher at the close
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The day ahead includes full year results from EasyJet and a trading update from Kingfisher
