SIG PLC (SHI.L)
18 Oct 2019
Mon, Oct 7 2019
* SIG to divest two businesses (Adds analyst estimate, comments)
Oct 7 Building materials supplier SIG Plc said on Monday it expects significantly lower annual profit in its specialist distribution and roofing merchanting businesses as it battles further deterioration in construction activity in key markets.
Sept 6 London's blue-chip shares dipped on Friday with losses led by oil majors and Diageo after a double rating downgrade, while investors were cautious ahead of key U.S. jobs data that would give further clarity on the health of the world's biggest economy.
* Exploring disposal of Air Handling unit (Adds details, background, analyst comment)
May 8 SIG Plc reported a fall in sales for the first four months of the year as it battled an increasingly challenging construction market in Britain, although the building materials supplier clung onto its annual profit expectations.
May 8 SIG Plc said on Wednesday that like-for-like sales fell more than 9 percent in Britain for the first four months of the year, troubled by an increasingly challenging construction market.