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United Kingdom

SIG PLC (SHI.L)

SHI.L on London Stock Exchange

120.00GBp
19 Feb 2019
Change (% chg)

-0.30 (-0.25%)
Prev Close
120.30
Open
122.00
Day's High
122.00
Day's Low
119.50
Volume
654,623
Avg. Vol
1,236,329
52-wk High
160.60
52-wk Low
101.30

Latest Key Developments (Source: Significant Developments)

Coltrane Master Fund Raises Stake To 5.53 Pct From 4.03 Pct In SIG
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - SIG PLC ::COLTRANE MASTER FUND RAISES STAKE TO 5.53 PERCENT FROM 4.03 PERCENT IN SIG PLC - FILING.  Full Article

SIG FY Revenue Falls, Warns Of UK Construction Slowdown
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - SIG PLC ::SIG PLC - TRADING UPDATE.SIG PLC - BELIEVES GROUP WILL REPORT ADJUSTED PROFIT BEFORE TAX OF C.£75M, INCLUDING BENEFIT OF £2-3M OF PROPERTY PROFITS IN YEAR.SIG - GROUP EXPECTS BENEFITS OF ONGOING TRANSFORMATION TO DRIVE A FURTHER SIGNIFICANT INCREASE IN PROFITABILITY IN 2019.SIG PLC - FY GROUP REVENUES FROM CONTINUING OPERATIONS DECREASED BY 1.4% IN YEAR.SIG PLC - FY GROUP LIKE-FOR-LIKE REVENUES WERE 2.3% LOWER.SIG PLC - UK CONSTRUCTION ENVIRONMENT BECAME INCREASINGLY CHALLENGING IN SECOND HALF OF 2018.SIG PLC - GROUP REMAINS CONFIDENT OF DELIVERING HEADLINE FINANCIAL LEVERAGE BELOW 1.0X OVER MEDIUM TERM FOR FY.SIG PLC - LFL REVENUES IN UK AND IRELAND, DOWN 8.8% IN SECOND HALF.SIG PLC - REMAINS CONFIDENT OF DELIVERING HEADLINE FINANCIAL LEVERAGE BELOW 1.0X OVER MEDIUM TERM.  Full Article

SIG Says Group Like-For-Like Revenues Were 3.6 Pct Lower From July 1 To Oct 31
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - SIG PLC ::WHILE MARKET CONDITIONS ARE CHALLENGING, TRANSFORMATION OF SIG'S BUSINESS PROGRESSES AS PLANNED.REMAINS CONFIDENT GROUP WILL SEE SIGNIFICANT PROFIT IMPROVEMENT IN SECOND HALF OF YEAR AND DELIVER A RESULT IN LINE WITH ITS EXPECTATIONS.GROUP REVENUES FROM CONTINUING OPERATIONS DECREASED BY 2.3% IN PERIOD FROM JULY 1 TO OCT 31.GROUP LIKE-FOR-LIKE(1) ("LFL") REVENUES WERE 3.6% LOWER IN PERIOD FROM JULY 1 TO OCT 31.PLANNED WITHDRAWAL FROM UNPROFITABLE BUSINESS REDUCED REVENUE.IMPROVED MANAGEMENT OF PRICING AND CUSTOMER PROFITABILITY IS INCREASING GROSS MARGINS AHEAD OF EXPECTATIONS.REDUCTIONS IN HEADCOUNT DELIVERED IN PERIOD AS ANTICIPATED AND FURTHER PLANNED REDUCTIONS ON TRACK FOR COMPLETION BY 31 DECEMBER 2018.EXPECTS TO DELIVER MATERIAL Y-O-Y REDUCTION IN LEVELS OF NET DEBT, ON COURSE TO REPORT HEADLINE FINANCIAL LEVERAGE BELOW 1.5X AT DEC 31.  Full Article

SIG CEO Says UK Suppliers Stockpiling Raw Materials Ahead Of Brexit
Friday, 21 Sep 2018 

Sept 21 (Reuters) - SIG PLC ::SIG PLC CEO SAYS SUPPLIERS IN THE UK ARE STOCKPILING RAW MATERIALS AHEAD OF BREXIT.  Full Article

SIG PLC Posts HY Underlying Pretax Profit Of 26.9 Mln Stg
Friday, 21 Sep 2018 

Sept 21 (Reuters) - SIG PLC ::H1 REVENUE FELL 4 PERCENT TO 1.382 BILLION STG.HY UNDERLYING PRE-TAX PROFIT 26.9 MILLION STG VERSUS 34.4 MILLION STG LAST YEAR.DIVIDEND PER SHARE 1.25P VERSUS 1.25P LAST YEAR.HY PRE-TAX PROFIT 19.9 MILLION STG VERSUS LOSS OF 10.7 MILLION STG LAST YEAR.FIRST HALF DID NOT PROVIDE TRADING BACKDROP WE WANTED, WITH SIGNIFICANT CHALLENGES IN UK MARKET AS A RESULT OF POOR WEATHER.TRADING ENVIRONMENT ACROSS MAINLAND EUROPE AND IRELAND HAS BEEN POSITIVE IN HY.REMAIN OPTIMISTIC OF DELIVERING A FULL YEAR RESULT IN LINE WITH OUR EXPECTATIONS.SALES IN UK & IRELAND DECLINED BY 2.3% ON A LIKE-FOR-LIKE BASIS IN HY.  Full Article

SIG to issue 44,700 new shares through private placement
Wednesday, 11 Jul 2018 

July 11(Reuters) - SIG Co Ltd <4386.T>:Says it will issue 44,700 new shares through private placement to Okasan Securities Co., Ltd., with subscribe date on July 13 and payment date on July 17 .Okasan Securities Co Ltd will pay 82.2 million yen in total to co.  Full Article

SIG Plc Appoints Alan Lovell And Cyrille Ragoucy As Non-Executive Directors
Wednesday, 4 Jul 2018 

July 4 (Reuters) - SIG PLC ::DIRECTORATE CHANGE.ALAN LOVELL AND CYRILLE RAGOUCY HAVE BEEN APPOINTED NON-EXECUTIVE DIRECTORS OF COMPANY WITH EFFECT FROM 1 AUGUST 2018.COMPANY CONFIRMS THAT MEL EWELL WILL RETIRE AS A NON-EXECUTIVE DIRECTOR OF BOARD WITH EFFECT FROM 31 JULY 2018.  Full Article

UK Building Distributor SIG Appoints Ernst & Young As External Auditor
Wednesday, 4 Jul 2018 

July 4 (Reuters) - SIG PLC ::TRADING UPDATE AND APPOINTMENT OF EXTERNAL AUDITOR.SIG PLC - BOARD EXPECTATIONS FOR 2018 REMAIN UNCHANGED.SIG PLC - ANNOUNCES APPOINTMENT OF ERNST & YOUNG LLP AS ITS EXTERNAL AUDITOR.SIG PLC - HY GROUP REVENUES FROM CONTINUING OPERATIONS OVER PERIOD INCREASED BY 0.6%.SIG PLC - GROUP LIKE-FOR-LIKE ("LFL") REVENUES FOR FIRST HALF OF YEAR WERE IN LINE WITH PRIOR YEAR.SIG - PROVIDING THERE IS NO FURTHER DETERIORATION IN UK MARKET CONDITIONS, EXPECTATIONS FOR UNDERLYING PROFITABILITY FOR FULL YEAR REMAIN UNCHANGED.SIG PLC - EXTENDING ITS USUAL INTERIM REPORTING TIMETABLE AND WILL ANNOUNCE ITS INTERIM RESULTS FOR HALF YEAR ENDED 30 JUNE 2018 ON FRIDAY 21 SEPT.SIG PLC - COST BENEFITS COUPLED WITH GROUP'S NORMAL SEASONALITY, SHOULD ENABLE US TO DELIVER A SIGNIFICANTLY STRONGER SECOND HALF TO YEAR.  Full Article

Sig Says Sale Of VJ Technology for 29.7 Mln Stg
Tuesday, 26 Jun 2018 

June 26 (Reuters) - SIG PLC ::DISPOSAL OF VJ TECHNOLOGY.DEAL CONSIDERATION FROM SALE IS EXPECTED TO BE C.£29.7M.PROCEEDS WILL REDUCE NET DEBT.AGREED TO SELL VJ TECHNOLOGY TO PRIMARY CAPITAL, A UK PRIVATE EQUITY INVESTMENT FIRM, FOLLOWING A COMPETITIVE DISPOSAL PROCESS.GROUP REMAINS CONFIDENT OF MEETING ITS HEADLINE FINANCIAL LEVERAGE TARGET OF 1.0 - 1.5X FOR CURRENT FINANCIAL YEAR.PROFITS OF VJT EXCLUDED FROM UNDERLYING OPERATIONS; NO IMPACT ON GROUP'S EXPECTATIONS FOR CURRENT YEAR UNDERLYING PROFIT.  Full Article

Kames Capital Cuts Stake In SIG To 2.41 Pct - Filing
Monday, 4 Jun 2018 

June 4 (Reuters) - SIG PLC ::KAMES CAPITAL CUTS STAKE IN SIG PLC TO 2.41 PERCENT FROM 3.95 PERCENT EARLIER - FILING.  Full Article

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UK shares jump as retailers back in demand, hopes pinned on trade deal

British shares jumped to their highest in almost a month on Tuesday amid hopes of a U.S.-China trade deal and as supermarket chain Tesco led a revival in retailers after upbeat sales data that helped offset Morrisons' disappointing holiday update.