'Subdued' SIG outperforms market
9th Nov 2011 15:45
Insulation and construction products supplier SIG said that it has outperformed the market in the year-to-date but warned that demand will remain "subdued". Group sales from continuing operations were up by around 8% for the ten months to the end of October, compared with the same period last year
Read moreFriday tips round-up: Glencore, IMI, SIG...
26th Aug 2011 06:57
The Questor column at the Telegraph says it was wary of Glencore's shares when the mining and commodities trading house floated in London and Hong Kong in May. Questor thought there were likely to be better opportunities elsewhere that carried less risk. Three months on from their debut and Glencore
Read morePrudential executive reduces stake
25th Aug 2011 13:58
Prudential director Barry Stowe has cut his stake in the company selling 95,000 of his shares. Stowe, who now holds 1,100,796 shares in the firm, made the sale on 23 August for a total price of £563,046 at 592.68p per share. The 52-year-old, who has been in his role since November 2006 after mor
Read moreSIG disposes interiors manufacturing unit for £14m
26th Jul 2011 11:05
Insulation and construction products supplier SIG has sold its interiors manufacturing business unit to Laidlaw Interiors Group, backed by private equity firm Rutland Partners, for £14m in cash. SIG said the proceeds from the sale will be used to reduce its net debt. SIG Interiors Manufacturing de
Read moreFTSE 250 movers: Stocks retreat from weak economic data
8th Jul 2011 09:33
Disappointing construction data coupled with a rise in prices for products manufactured in Britain dragged the FTSE 250 lower. The Office for National Statistics, on Friday, said construction grew 0.4%, while cost of goods at factory gates jumped 5.7% in June, since last year, reflecting soaring foo
Read moreProfits jump at SIG, outlook uncertain
8th Jul 2011 07:45
Insulation, roofing and commercial interior products supplier SIG said that trading has continued to be in line with expectations since its last update on 11 May, and first-half profits are likely to be around 84% higher than the same period last year. However, the group warned that growth will mod
Read moreFriday preview: SIG growth expected to slow
7th Jul 2011 15:49
Insulation, roofing and commercial interior products supplier SIG issues its interim results on Friday, with the Interiors Manufacturing and Energy Management businesses in UK and Ireland expected to let the side down in terms of growth. Trading in the first four months of the year was ahead of las
Read moreLondon close: FTSE 100 slumps after US jobs shock
1st Jun 2011 16:38
After a directionless start, the top share index fell deep into the red ahead of the close, with some unfavourable US economic data denting sentiment. Rio Tinto held out to finish with gains. The mining giant announced today that it is to establish a large-scale presence in commodity hungry China
Read moreLondon midday: Stocks seeking direction
1st Jun 2011 12:16
Stocks are uncertain which way to move after a rally that brought the top share index past the psychologically important 6,000 point barrier yesterday. Rio Tinto is doing its bit to keep the FTSE 100 close to that level. The mining giant announced today that it is to establish a large-scale presenc
Read moreLondon open: Footsie slips into red in early trading
1st Jun 2011 08:29
The Footsie has opened up in the red, with ex-div stocks National Grid, Marks and Spencer and Vodafone providing an early drag. Plumber's merchant Wolseley has taken a hit after it saw like for like (LFL) revenue growth of 6% in its third quarter. This represents a slow-down from the LFL growth ra
Read moreLondon pre-open: Looking for direction
1st Jun 2011 07:39
Investors seem set to take a pause for breath after yesterday's solid gains, postponing a renewed assault on Footsie's 6,000 level. City traders expect the blue-chip index to open around 7 points lower at 5,983. Anglo-Australian mining giant BHP Billiton has scored a $580m victory against the tax
Read moreBunzl in three bolt-on acquisitions
1st Jun 2011 07:20
Insulation specialist SIG is to sell its safety and work wear business to outsourcing firm Bunzl. SIG Safety and Workwear distributes personal protection equipment and work wear to a variety of market sectors throughout the UK. Revenue in the year ended 31 December 2010 was £22m and the gross asse
Read moreSIG expects growth to slow in second half
11th May 2011 15:03
Construction products supplier SIG traded 'in line' during the first four months of the year, with sales growing by 8% on the same period in 2010. However, the firm notes that this was against a weak, weather-affected corresponding period in 2010, and growth has moderated from March as a result of
Read moreWolseley chairman spends £200,000
14th Apr 2011 17:03
Gareth Davis, the chairman of Wolseley, has splashed out nearly £200,000 on shares in the plumbing supplies group. Davis, who took up his post at Wolseley at the beginning of the year after he stepped down as the chief of Lambert & Butler cigarettes maker Imperial Tobacco, took 9,720 shares at 2,14
Read moreFTSE 250 movers: African Barrick rises on Tanzanian success
25th Mar 2011 15:28
African Barrick Gold is a top performer after having further successes with its drilling programme on the Nyanzaga project in Tanzania. Euromoney Institutional Investor, the business publisher and exhibitions organiser, is among the fallers after its pre-close trading update underwhelmed investors.
Read more