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United Kingdom

SIG PLC (SHI.L)

SHI.L on London Stock Exchange

118.60GBp
20 Aug 2019
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Fri, Jul 5 2019

Building supplier SIG hit by weak UK construction market

Building materials supplier SIG Plc on Friday sounded another warning for Britain's construction industry as it blamed a marked deterioration in activity for lower first half like-for-like sales, sending its shares down as much as 12%.The construction industry in Britain had its worst month in June since the 2009 recession according to the latest PMI data, hit by uncertainties over Britain's exit from the European Union.

UPDATE 2-Building supplier SIG hit by weak UK construction market

* Exploring disposal of Air Handling unit (Adds details, background, analyst comment)

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.

UPDATE 1-Building supplier SIG hit by Britain's construction market woes

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.

Building supplier SIG hit by Britain's construction market woes

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.

UK building supplier SIG's profit jumps as cost-cutting pays off

British building materials supplier SIG's cost-saving efforts helped it post a 25 percent jump in full-year profit, lifting its share price by 11 percent on Friday, although it warned sales could continue to fall in 2019.

UPDATE 2-UK building supplier SIG's profit jumps as cost-cutting pays off

* More job cuts in 2019; Reviewing options for air handling unit

SIG sees lower like-for-like sales on weak construction markets

March 8 Building materials supplier SIG Plc forecast lower like-for-like sales for the first half of the year, as it struggles with sluggish construction markets in UK, France and Germany.

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