London pre-open: London cheered by newsflow
9th Jul 2010 07:40
London is set for a bright start, buoyed by another strong performance overnight on Wall Street and a rash of upbeat company announcements on this side of the pond. Housebuilder Bovis is selling homes in line with its targeted weekly sale rate and will resume dividend payments at the end of the fin
Read moreStill cautious SIG to top forecasts
9th Jul 2010 07:21
Insulation materials and specialist construction products maker SIG said underlying profit before tax for the first half of 2010 will be above market expectations. Sales in sterling of around £1,291m were down some 4.0% compared to £1,345m a year earlier, and were around 3.0% lower on a constant cu
Read moreSIG 1H Sales GBP1.29B, Sees Adj Pretax Profit Above Market Views
9th Jul 2010 07:16
LONDON (Dow Jones)--SIG PLC (SHI.LN), a European specialist supplier of insulation, interiors, exteriors and specialist construction products, said Friday that in the six months to June 30 sales GBP1.29 billion were down 4.0% compared to the first half of 2009, and in line with management's expectat
Read moreShareholders oppose exec pay rise
13th May 2010 17:51
SIG shareholders have revolted against the pay rise for its directors, while ceramics firm Cookson also saw opposition to its executive pay schemes. Building products SIG said it noted "with disappointment" that 66.7% of the shareholders voted against the approval of the Remuneration Report, with t
Read moreSIG shareholders revolt against pay increases
13th May 2010 17:10
SIG shareholders have voted against pay rises for its directors, with the majority of the vote against the salary increase of chief executive Chris Davies. The building products firm said it noted "with disappointment" that 66.7% of the shareholders voted against the approval of the Remuneration Re
Read moreSIG sees slowing in construction decline
13th May 2010 12:19
Building products firm SIG said there has been a "clear slowing" in the rate of decline in construction activity, led by residential new build and repairs, maintenance and improvement (RMI). The group said the recent trading trends continue to point to a levelling out in monthly sales sometime in l
Read moreBroker snap: Goldman downgrades SIG's earnings
7th Apr 2010 12:30
Goldman Sachs has retained its 'buy' recommendation but downgraded its earnings estimates for SIG after the construction products provider's recent results, which were in line with expectations. The company got off to a slow start to 2010, partly as a result of adverse weather conditions in the UK
Read moreLondon close: Weak finish as banks retreat
18th Mar 2010 16:35
London closed in the red after a mixed opening on Wall Street as banks and miners ran into profit taking. Among the big caps, GlaxoSmithKline was the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top
Read moreLondon afternoon: Back to square one
18th Mar 2010 15:19
A mixed opening on Wall Street has provided no guidance for a similarly rudderless London market. Among the big caps, GlaxoSmithKline is the best performer, after rival drug group, Switzerland's Novartis, had to hand back US rights of a drug widely considered a generic copy of Glaxo's top selling
Read moreLondon midday: Second liners hog the limelight
18th Mar 2010 11:54
While the FTSE 100 is becalmed most of the action is taking place in the FTSE 250 today, where a mixed bag of announcements has prompted varied share price reactions. Electronic components distributor Premier Farnell powered ahead after reporting full year sales and underlying profits for fiscal 20
Read moreLondon open: Banks lead decline
18th Mar 2010 08:26
London's top stocks have slipped back in early dealings on Thursday, with banks leading the index lower. Lloyds Banking, Barclays and Royal Bank of Scotland are the three worst performers on the Footsie, closely followed by HSBC. Bakery and sandwich chain Greggs saw full-year profits come in sligh
Read moreSIG profits slump
18th Mar 2010 07:06
SIG, which supplies insulation, roofing and specialist construction products, sustained a sharp fall in profits in 2009 amid a severe downturn in the construction sector. Underlying pre-tax profits fell to £60.6m from £137.3m the previous year as sales dropped to £2.74bn from £3.05bn. ‘2009 was an
Read moreThursday tips round-up: SIG, Greggs, Fenner
14th Jan 2010 06:06
Ever-tighter building regulations on energy efficiency continue to work in SIG's favour. The last introduction of new UK standards in 2006 prompted a 20 per cent rise in the volume of insulation materials per building in the following three years and there is no reason to believe that their successo
Read moreLondon close: Commodity slide hits Footsie
13th Jan 2010 16:32
Footsie ended the day firmly in the red with low commodity prices helping to offset positive broker coverage. With the oil price below $80, oil titans Royal Dutch Shell and BP found themselves on traders' sell lists. BG Group also slipped even after HSBC upped its price target for the stock from 13
Read moreLondon afternoon: Leading shares mixed
13th Jan 2010 14:57
Leading shares are mixed having picked up a little over the lunch time session, helped by a firmer start on Wall Street. With the oil price below $80, oil titans Royal Dutch Shell and BP find themselves on traders' sell lists, but BG Group makes headway after HSBC upped its price target for the st
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