Jefferies downgrades SIG on profit warning, CEO departure
11th Nov 2016 09:59
(ShareCast News) - Jefferies downgraded SIG to 'hold' from 'buy' and slashed the price target to 90p from 140p after the company issued a profit warning and announced the surprise departure of its chief executive officer Stuart Mitchell. SIG said on Friday that it now expects underlying pre-tax prof
Read moreSIG's shares plummet as it issues profit warning, CEO steps down
11th Nov 2016 07:04
(ShareCast News) - Shares in SIG plummeted nearly 20% on Friday, as the building products distributor issued a profit warning and announced that its chief executive has stepped down, as its like-for-like, third quarter sales fell. Pre-tax profit for the year ending 31 December is now expected to be
Read moreSIG poaches McCarthy & Stone's CFO Nick Maddock
11th Oct 2016 07:36
(ShareCast News) - Construction supplier SIG poached Nick Maddock of housebuilder McCarthy & Stone to replace its outgoing chief financial officer. Doug Robertson, who has been at FTSE 250 listed SIG for five years, is to retire from the company in the first quarter of 2017. Chief executive Stuart
Read moreSIG's first half results boosted by acquisitions and weak pound
9th Aug 2016 08:56
(ShareCast News) - SIG reported on Tuesday a 20% increase in first half underlying profit before tax as group sales were boosted by acquisitions and foreign exchange benefits. The London-listed supplier of insulation, roofing, commercial interiors said pre-tax profit came to £47.7m in the six month
Read moreSIG refinances £130m in private notes
21st Jun 2016 07:56
(ShareCast News) - Building products distributor SIG said it had refinanced £130m of private placement notes, which are due to mature in November 2016, "on attractive terms with existing investors". The refinancing involved issuing £83m in new private placement notes on a bilateral basis, with a 10
Read moreSIG musters with investors in Sheffield
12th May 2016 12:45
(ShareCast News) - Building products distributor SIG was meeting with investors in Sheffield on Thursday, as it updated the market on a year that has so far seen growth. The FTSE 250 firm said group revenues increased 9.3% in the year to 30 April, with acquisitions contributing 4.9%, currency 3.0% a
Read moreThursday broker round-up
10th Mar 2016 13:41
(ShareCast News) - Eagle Eye Solutions: Panmure Gordon downgrades to hold with a target price of 163p. Genel Energy: RBC downgrades to sector perform, 115p target. The Restaurant Group: Berenberg downgrades to hold with a target price of 550p, Goldman Sachs downgrades to neutral, 525p target, Citig
Read moreBroker tips: SIG, Rolls-Royce, G4S
10th Mar 2016 11:51
(ShareCast News) - SIG's rating was retained at 'buy' but its target price was lowered to 160p from 165p by Canaccord Genuity after the building products firm reported its full year results. The group posted a 1.4% drop in revenue to £2.67bn on Wednesday, hurt by foreign exchange movements in Europe
Read moreCanaccord retains SIG at 'buy' but cuts target price
10th Mar 2016 10:45
(ShareCast News) - SIG's rating was retained at 'buy' but its target price was lowered to 160p from 165p by Canaccord Genuity after the building products firm reported its full year results. The group posted a 1.4% drop in revenue to £2.67bn on Wednesday, hurt by foreign exchange movements in Europe
Read moreSIG 'disappointed' by full year numbers
9th Mar 2016 07:32
(ShareCast News) - SIG was disappointed with its 2015 numbers on Tuesday, having published final results for the calendar year, but remained confident in the market and in itself to see a return to growth in the current year. The FTSE 250 specialist building products company saw revenue grow 3.7% on
Read moreForex hits SIG's results
14th Jan 2016 08:25
(ShareCast News) - Foreign exchange movements have hit building products distributor SIG. The FTSE 250 company posted a trading update for the year to 31 December. It revealed group sales from continuing operations were around £2.565b, rising 3.6% in constant currency, but a decrease of 1.4% when c
Read moreSIG executives stump up cash to back company
26th Oct 2015 15:43
(ShareCast News) - With the share price of SIG plummeting since its third quarter trading update last week, two directors are doing their bit to show they have confidence in the company. The FTSE 250-listed building products company said on Thursday that it expects to report a fall in underlying pre
Read moreFTSE 250 movers: SIG's outlook drives market down
22nd Oct 2015 13:37
(ShareCast News) - The FTSE plunged shortly after opening and by mid-afternoon sat at 16,936.86 points, down 99.82 (0.59%). SIG led the market down, dropping over 20% after it revealed it is expecting a fall in underlying pre-tax profit for the year due to challenging market conditions in mainland E
Read moreSIG tumbles as it says full-year profit is set to fall
22nd Oct 2015 08:48
(ShareCast News) - Shares in SIG tumbled on Thursday after the building products company said it expects to report a fall in underlying pre-tax profit for the year as a result of challenging market conditions in mainland Europe. For the nine months to end September, group like-for-like sales were up
Read moreSIG drops on margin concerns, as it posts jump in first-half profit
11th Aug 2015 07:46
(ShareCast News) - SIG fell despite posting a rise in first-half pre-tax profit and raising its interim dividend, after the building materials company said its margins were under pressure. Pre-tax profit for the six months ended 30 June came in at £26.8m from £11.8m in the first half of 2014 as cont
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