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SIG PLC (SHI.L)

SHI.L on London Stock Exchange

132.80GBp
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-2.20 (-1.63%)
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Latest Key Developments (Source: Significant Developments)

SIG Says Outlook In Many End Markets Uncertain, Notably In UK
Wednesday, 8 May 2019 

May 8 (Reuters) - SIG PLC ::SIG PLC - AGM TRADING UPDATE.SIG PLC - TRADING CONDITIONS REMAIN CHALLENGING AND OUTLOOK IN MANY OF OUR END MARKETS REMAINS UNCERTAIN, NOTABLY IN UK.SIG PLC - CONTINUING LIKE-FOR-LIKE SALES DECLINES IN FIRST PART OF YEAR, WITH GROUP LIKE-FOR-LIKE REVENUES 2.6% LOWER FROM JAN TO APR.SIG PLC - GROUP REVENUES FROM CONTINUING OPERATIONS WERE 3.4% LOWER IN PERIOD IN JAN TO APR PERIOD.SIG - PROVIDING THERE IS NO FURTHER DETERIORATION IN MARKET CONDITIONS UNDERLYING PROFITABILITY FOR FY WILL BE DELIVERED IN LINE WITH EXPECTATIONS.SIG PLC - REVENUES IN GERMANY WERE AFFECTED BY OUR ONGOING ACTIONS TO REDUCE GROUP'S EXPOSURE TO UNPROFITABLE BUSINESS IN JAN TO APR PERIOD.SIG PLC - REVIEW OF STRATEGIC OPTIONS FOR AIR HANDLING DIVISION ANNOUNCED IN MARCH IS ONGOING.SIG PLC - TRADING CONDITIONS REMAIN CHALLENGING AND OUTLOOK IN MANY OF OUR END MARKETS REMAINS UNCERTAIN, NOTABLY IN UK.SIG PLC - CAN SUSTAIN PACE OF TRANSFORMATION DURING 2019.SIG PLC - CONTINUES ITS REVIEW OF REMAINING PERIPHERAL BUSINESSES WITHIN GROUP'S PORTFOLIO..SIG PLC - FRANCE HAD WEAKER PERFORMANCE IN APRIL DUE TO RANSOMWARE ATTACK WHICH LEFT BUSINESS WITHOUT ACCESS TO ORDERING AND ACCOUNTING SYSTEMS.SIG PLC - CORE SYSTEMS AT FRENCH BUSINESSES HAVE SINCE BEEN RESTORED TO OPERATION.SIG PLC - EXPECTS FURTHER SIGNIFICANT PROGRESS IN HEADLINE FINANCIAL LEVERAGE AT HALF YEAR.SIG-REVENUES IN GERMANY WERE AFFECTED BY ONGOING ACTIONS TO REDUCE EXPOSURE TO UNPROFITABLE BUSINESS.  Full Article

SIG Says Has Commenced Process Of EU Audit Regulation Compliant Audit Tender
Tuesday, 5 Jun 2018 

June 5 (Reuters) - SIG PLC ::ANNOUNCES THAT IT HAS COMMENCED PROCESS OF CARRYING OUT AN EU AUDIT REGULATION COMPLIANT AUDIT TENDER FOR ROLE OF EXTERNAL AUDITOR.  Full Article

SIG announces IPO on TSE JASDAQ on June 21
Friday, 25 May 2018 

May 25 (Reuters) - SIG Co Ltd <4386.T>:Says its stock will begin trading on the Tokyo Stock Exchange (TSE) JASDAQ on June 21, 2018, under the symbol "4386".In its initial public offering, the company will offer a total of 298,000 common shares, comprised of newly issued 150,000 shares and privately held 148,000 shares.Says the nominal offering price as of filing date of Registration Statement is 2,000 yen per share with total offering amount will be 596 million yen, and the fixed offering price will be announced at later date.Okasan Securities Co Ltd, SBI Securities Co Ltd and SMBC Nikko Securities Inc included seven securities companies will be the underwriters for this offer.  Full Article

SIG says Chairman Andrew Allner Stepped Down From External Non-Executive Chair Position
Thursday, 10 May 2018 

May 10 (Reuters) - SIG PLC ::CHAIRMAN ANDREW ALLNER HAS STEPPED DOWN FROM HIS EXTERNAL NON-EXECUTIVE CHAIR POSITION.  Full Article

SIG ‍Says Non-Executive Director Chris Geoghegan Retired From Board​
Friday, 9 Mar 2018 

March 9 (Reuters) - SIG Plc ::‍CHRIS GEOGHEGAN, A NON-EXECUTIVE DIRECTOR AND SENIOR INDEPENDENT DIRECTOR OF COMPANY, HAS TODAY RETIRED FROM BOARD​.MEL EWELL, A NON-EXECUTIVE DIRECTOR OF COMPANY, HAS REPLACED MR GEOGHEGAN AS ITS SENIOR INDEPENDENT DIRECTOR..MR EWELL WILL ALSO RETIRE FROM BOARD, ONCE A NEW NON-EXECUTIVE DIRECTOR HAS BEEN IDENTIFIED AND APPOINTED.  Full Article

SIG Posts FY Underlying Pretax Profit Of 79.2 Million Stg
Friday, 9 Mar 2018 

March 9 (Reuters) - Sig Plc ::FY UNDERLYING PRETAX PROFIT 79.2 MILLION STG VERSUS 75.9 MILLION STG YEAR AGO.FINAL DIVIDEND 2.5 PENCE PER SHARE.FY REVENUE ROSE 1.2 PERCENT TO 2.878 BILLION STG.FY UNDERLYING PROFIT BEFORE TAX FROM UNDERLYING OPERATIONS ‍79.2​ MILLION STG VERSUS 75.9 MILLION STG AS REPORTED YEAR AGO.FY ‍ROCE IMPROVED TO 10.3% (2016: 10.2%)​.FY ‍NET DEBT OF £223.8M VERSUS £279.7M​ YEAR AGO.  Full Article

SIG To Sell Trade And Assets Of SIG Building Systems
Wednesday, 28 Feb 2018 

Feb 28 (Reuters) - Sig Plc ::DISPOSAL OF SIG BUILDING SYSTEMS.HAS AGREED TERMS TO SELL TRADE AND ASSETS OF SIG BUILDING SYSTEMS.SALE TO TO URBAN SPLASH MODULAR LIMITED ("URBAN SPLASH"), A RESIDENTIAL HOUSING DEVELOPER SPECIALISING IN UK REGENERATION PROJECTS.DIVESTMENT IS PART OF ONGOING MANAGEMENT OF GROUP'S PORTFOLIO AND IS IN LINE WITH GROUP STRATEGY.CONSIDERATION FOR BUILDING SYSTEMS IS A NOMINAL £1.WILL INCUR CASH COSTS OF £4.9M OVER PERIOD TO 31 MARCH 2020.  Full Article

SIG Plc says group like-for-like revenues for 2017 were ahead by 4.0 pct
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - SIG Plc ::TRADING UPDATE AND CHAIR OF REMUNERATION COMMITTEE.GROUP REVENUE FROM CONTINUING OPERATIONS FOR 2017 INCREASED BY 7.5% TO C. £2.8BN.GROUP LIKE-FOR- LIKE ("LFL") REVENUES FOR 2017 WERE AHEAD BY 4.0%, IN LINE WITH OUR EXPECTATIONS.TRADING CONDITIONS IN CONSTRUCTION MARKETS ACROSS MAINLAND EUROPE CONTINUED TO SHOW SIGNS OF IMPROVEMENT.IMPROVEMENT IN CONFIDENCE IN MAINLAND EUROPEAN MARKETS CONTINUES TO MITIGATE A WEAKER SECOND HALF MARGIN PERFORMANCE IN UK.OVERALL EXPECTATIONS FOR UNDERLYING PROFITABILITY FOR FULL YEAR REMAIN UNCHANGED.LFL REVENUES WERE UP BY 2.1% IN UK & IRELAND DURING 2017.HAS INITIATED A RIGOROUS REVIEW OF CONTROLS AROUND CHEQUE ISSUANCE AND WILL PROVIDE A FURTHER UPDATE AT TIME OF ITS FULL YEAR RESULTS.CONTINUES TO TARGET A 1.0-1.5X LEVERAGE RANGE DURING 2018 AND IS AIMING TO MAINTAIN LEVERAGE BELOW 1.0X OVER MEDIUM TERM.IS ANTICIPATING HEADLINE FINANCIAL LEVERAGE OF C.1.9X AT 31 DECEMBER 2017.  Full Article

SIG ‍Plc appoints Andrew Allner as a non-executive director and chairman
Wednesday, 11 Oct 2017 

Oct 11 (Reuters) - SIG Plc :‍ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.NAMED ANDREW ALLNER AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN WITH EFFECT FROM 1 NOVEMBER 2017​.  Full Article

SIG says expectations for full year unchanged
Tuesday, 8 Aug 2017 

Aug 8 (Reuters) - SIG Plc :NET DEBT AT 30 JUNE 2017 WAS 166.5 MILLION STG .H1 OPERATING PROFIT 45.7 MILLION STG VERSUS 54.3 MILLION STG YEAR AGO .H1 UNDERLYING PRETAX PROFIT FELL 20 PERCENT TO 38.3 MILLION STG.H1 REVENUE ROSE 4.7 PERCENT TO 1.439 BILLION STG.INTERIM DIVIDEND 1.25 PENCE PER SHARE.NET DEBT AT 30 JUNE 2017 WAS 166.5 MILLION STG.EXPECTATIONS UNCHANGED FOR FULL YEAR.  Full Article

Building supplier SIG hit by Britain's construction market woes

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.