SIG reports improved full-year, sees good progress in 2014
13th Mar 2014 07:16
- Trading picks up in H1 of 2013 - Dividend increased 20 per cent - Upbeat outlook, expects UK residential market to remain buoyant European specialist building products supplier SIG reported improved full-year earnings as trading conditions picked up in the second half of its financial year. FTS
Read moreLondon pre-open: FTSE to fall further after US manufacturing data
4th Feb 2014 07:22
- FTSE to fall 45 points - Spanish unemployment and UK construction in focus - BG Group posts rise in Q4 revenue - BT Group reports weaker Q4 and overall poor FY profit City sources predict the FTSE 100 will open 45 points below yesterday's close of 6,465.66, extending yesterday's losses as stocks
Read moreStrategic review prompts sale of SIG's German roofing business
4th Feb 2014 07:02
FTSE 250-listed SIG has sold its German roofing business for around nine million pounds after concluding that the business was 'unlikely to achieve its medium-term return on capital employed targets'. The European specialist building products distributor group said it expected to incur an associat
Read moreMonday broker round-up UPDATE
3rd Feb 2014 09:18
Advanced Computer Software: Panmure Gordon shifts target price from 132p to 139p and keeps a buy recommendation. AGA Rangemanager: Canaccord Genuity initiates with a target price of 300p and a buy recommendation. Avon Rubber: Canaccord Genuity initiates with a target price of 720p and a hold recom
Read moreSIG to meet gross profit expectations for 2013
9th Jan 2014 08:52
Revenues rose four per cent during 2013, building products distributor SIG said Thursday, boosted by favourable exchange rates. As such, full-year profit before tax is expected to be at least £85.8m, in line with market expectations. The group said trading improved as the year progressed, with l
Read moreMonday broker round-up UPDATE
2nd Dec 2013 08:22
Aberdeen Asset Management: Credit Suisse raises target price from 465p to 515p and maintains a neutral rating. Admiral Group: Citi moves target price from 1215p to 1220p and retains a neutral rating. AVEVA Group: Numis upgrades to buy with a target price of 2980p. AZ Electronic Materials: Deutsch
Read moreThursday broker round-up UPDATE
28th Nov 2013 08:23
Anglo American: Liberum Capital upgrades to hold with a target price of 1150p. Associated British Foods: Jefferies increases target price from 1750p to 2400p, while staying with its hold recommendation. Beazley: Canaccord Genuity ups target price from 260p to 270p leaving its buy recommendation un
Read moreSIG sees improvement since start of year
14th Nov 2013 08:11
- One per cent LFL decline in YTD sales - Group sales for year to October rose three per cent - 'Extremely slow' start-up of the Green Deal and Energy Company obligation SIG, which distributes specialist building products across Europe, reported a one per cent decline in like-for-like (LFL) sales
Read moreThursday broker round-up UPDATE
31st Oct 2013 08:52
African Barrick Gold: Deutsche Bank ups target price from 145p to 190p and retains its hold recommendation. HSBC takes target price from 170p to 200p keeping a neutral rating. JP Morgan raises target price from 140p to 180p and reiterates a neutral rating. Balfour Beatty: Berenberg increases target
Read moreTuesday broker round-up UPDATE
27th Aug 2013 09:14
Admiral Group: JP Morgan ups target price from 1108p to 1122p staying with its underweight rating. Antofagasta: Investec places its target price (prev.: 707p) under review and retains a sell recommendation. Berendsen: HSBC increases target price from 745p to 900p and reiterates a neutral rating.
Read moreSIG CEO shows faith with share purchase
19th Aug 2013 16:16
Stuart Mitchell, the Chief Executive at building materials group SIG, has purchased 53,000 shares just a few days after the company posted a decline in first half underlying pre-tax profit. Mitchell bought the shares at 180.00p a time, costing him a total of £95,400. Speaking last week, he said
Read moreFTSE 250 movers: African Barrick Gold gains on gold price hike
16th Aug 2013 13:26
African Barrick Gold and Polymetal International rallied as the price of gold continued to climb after reaching a two-month high at Thursday's close of European trading. Balfour Beatty rose following a decline earlier this week when it reported a first-half pre-tax loss. Anite, on the other hand,
Read moreFriday tips round-up: Cineworld, SIG, Imperial Tobacco
16th Aug 2013 06:44
UK cinema chain Cineworld on Thursday posted an impressive set of first half results driven by a raft of 3D films including the musical Les Miserables, The Telegraph's Questor column said. With a strong film schedule in the second half of the year including the latest Hobbit film and Despicable Me 2
Read moreFTSE 250 movers: Ophir sinks after first-half results
15th Aug 2013 14:46
Africa-focused oil and gas group Ophir Energy was a heavy faller on Thursday as investors gave a cool reaction to the company's first-half report. While the firm narrowed its pre-tax loss to 19.4m dollars from 24.4m dollars previously, market chatter pinned the share-price reaction to delays in find
Read moreSIG's half-year profits and revenues decline on weak market
15th Aug 2013 07:34
SIG, which distributes specialist building products in Europe, saw its underlying pre-tax profit in the first half fall as revenue declined on the effects of an extended winter and weak market conditions. Underlying pre-tax profit dropped to £30.2m from the prior year's £35.5m and revenue decreased
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