SIG surges as annual profits rise but H1 LFL sales seen weaker
8th Mar 2019 08:03
(Sharecast News) - FTSE 250 building materials company SIG reported a rise in full-year profit on Friday as its transformation started to bear fruit, but warned that like-for-like sales in the first half of 2019 are likely to continuing declining amid "challenging" trading conditions.
Read moreFriday preview: US February jobs report, SIG in focus
7th Mar 2019 15:58
(Sharecast News) - The US jobs market will hog the spotlight at the end of the week, barring surprises out of the US-China trade talks or around Brexit.
Read moreWeaker trading environments see SIG revenues fall
8th Jan 2019 07:25
(Sharecast News) - Specialist building materials supplier SIG updated the market on its trading for the year ended 31 December on Tuesday, reporting that despite "challenging" market conditions and lower trading revenues in the second half of the year, particularly in December, its transformation continued to progress at pace.
Read moreSIG sees 'significant' improvement in H2 as UK mkt weakens
20th Nov 2018 09:00
(Sharecast News) - Speciality building products supplier SIG said it was expecting a big improvement in second half fortunes as like-for-like group revenues fell 3.6% in the four months to end-October in challenging conditions.
Read moreWednesday broker round-up
26th Sep 2018 12:53
(Sharecast News) - IAG: UBS downgrades to neutral with a target price of 705p.
Read moreMonday broker round-up
24th Sep 2018 12:59
(Sharecast News) - Thomas Cook: Shore Capital Markets downgrades to hold.
Read moreFriday broker round-up
21st Sep 2018 12:12
(Sharecast News) - Paragon Banking Group: RBC Capital Markets downgrades to sector performer with a target price of 500p.
Read moreFriday preview: Public sector borrowing, SIG in focus
20th Sep 2018 16:40
(Sharecast News) - The focus at the end of the week will be on the government's finances for the month of August, with ONS set to release public sector borrowing data at 0930 BST.
Read moreTuesday broker round-up
14th Aug 2018 13:24
(Sharecast News) - Elementis: Berenberg upgrades to buy with a target price of 315p.
Read moreSIG appoints Nick Maddock as new finance director
16th Jan 2017 15:00
(ShareCast News) - SIG has confirmed that Doug Robertson will retire as group finance director at the end of the month and leave the company on 28 February following a handover period. The supplier of insulation, roofing, and specialist construction products said he will be succeeded by Nick Maddock
Read moreSIG shares surge as update reassures investors
13th Jan 2017 07:20
(ShareCast News) - SIG reported an 11.2% rise in group sales in the year to the end of December, a performance it described as "disappointing" as it admitted that it lost sight of its customers somewhat due to its transformation programme, but investors appeared relieved it wasn't another profit war
Read moreFriday preview: US retail sales figures in focus
12th Jan 2017 14:20
(ShareCast News) - US economic data is set to dominate Friday's agenda with the release of retail sales figures and the University of Michigan's consumer confidence survey in focus. Economists expect the Commerce Department's US retail sales rose 0.7% in December following a 0.1% increase in Novembe
Read moreLiberum sees market as 'overly pessimistic' on builders merchants
12th Jan 2017 12:07
(ShareCast News) - Against the backdrop of a "patchy" construction sector, broker Liberum highlighted Howden Joinery as its top pick and downgraded building materials suppliers Wolseley to 'hold' and SIG and 'sell' on valuation grounds. Liberum felt the stock market appeared overly pessimistic on bu
Read moreCanaccord cuts SIG to 'hold' after profit warning
14th Nov 2016 11:13
(ShareCast News) - Canaccord Genuity downgraded SIG to 'hold' from 'buy' and cut the price target to 99p from 130p following the company's profit warning and announcement of its chief executive's departure last week. SIG said on Friday that it now expects underlying pre-tax profit for the year endin
Read moreBroker tips: Tullow Oil, SIG, Dairy Crest
11th Nov 2016 10:27
(ShareCast News) - Tullow Oil's shares were under the cosh on Friday as Canaccord Genuity downgraded its rating to 'sell' from 'hold' but raised its target price to 230p from 220p. Canaccord said the issues Tullow highlighted in its 9 November trading update on the Tweneboa, Enyenra, Ntomme (TEN) fi
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