Edition:
United Kingdom

SIG PLC (SHI.L)

SHI.L on London Stock Exchange

167.00GBp
19 Jan 2018
Change (% chg)

-0.80 (-0.48%)
Prev Close
167.80
Open
168.20
Day's High
168.20
Day's Low
165.40
Volume
1,082,354
Avg. Vol
2,450,488
52-wk High
184.90
52-wk Low
101.30

Latest Key Developments (Source: Significant Developments)

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 H1 underlying pretax profit up 13.6 pct to 45.2 mln stg
Tuesday, 9 Aug 2016 

Sig Plc : H1 revenue rose 10.6 percent to 1.375 billion stg . H1 underlying pretax profit rose 13.6 percent to 45.2 million stg . Interim dividend 1.83 penceper share . H1 pretax profit rose 43 percent to 38.4 million stg . With regard to eu referendum, sig observed a slowing of uk construction market activity immediately prior to and following vote . H1 group revenues increased 10.6% to £1.38 billion stg (h1 2015: £1.24 billion stg) . Has a high degree of confidence in achieving its 2016 incremental net benefit targets of at least £10m net savings . Like-For-Like sales in uk were flat in june and july, although there was some improvement in trading as july progressed .Uncertainties caused by referendum have made it more difficult for sig to assess trading outlook.  Full Article

SIG says refinanced 130 mln stg of private placement notes
Tuesday, 21 Jun 2016 

SIG Plc : Refinancing of 130 mln stg private placement notes . Successfully refinanced 130 mln stg of private placement notes, due to mature in November 2016, on attractive terms with existing investors. . Issuance of 83 mln stg new private placement notes on a bilateral basis, with a ten year maturity, . Increased group's existing revolving credit facility by 100 mln stg to 350 mln stg, with a five-year maturity. .Group's total debt facilities have increased by 53 mln stg to 531 mln stg at current exchange rates, with unchanged covenants..  Full Article

SIG says revenue up 9.3 pct for four months to April 30
Thursday, 12 May 2016 

SIG Plc : Group revenues increased 9.3 pct for period, with acquisitions contributing 4.9 pct to growth, currency 3.0 pct and working days 0.2 pct . Group like-for-like sales were up 1.1 pct. .Continues to expect to make progress in 2016 in line with its previous expectations..  Full Article

UK's SIG to review cheque issuance controls due to accounting errors

SIG Plc , a distributor of specialist building products in Europe, said on Tuesday it would review the controls around cheque issuance after a historical overstatement of cash and trade payables resulted in higher closing net debt for 2017.