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Construction Supplies & Fixtures

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Low & Bonar Says Would Be Unable To Comply With Financial Covenants If Tested In May

Thursday, 10 Oct 2019

Oct 10 (Reuters) - Low & Bonar PLC ::AMENDMENT TO FINANCING AGREEMENTS.TRADING CONDITIONS IN Q3 WERE DIFFICULT..AMENDMENTS TO FINANCING AGREEMENTS HAVE BEEN CONCLUDED, WAIVING FINANCIAL COVENANTS WHICH WERE DUE TO BE TESTED AS AT 30 NOV.DUE TO TRADING CONDITIONS, DETERIORATING OUTLOOK, LESS FLEXIBILITY IN MANAGING SUPPLIER CREDIT TERMS THAN BEFORE, CO ENGAGED WITH LENDERS.IF OFFER WERE TO LAPSE OR BE WITHDRAWN PRIOR TO NOV 30, FINANCIAL COVENANTS UNDER ARRANGEMENTS WITH ITS LENDERS WILL BE REINSTATED.IF OFFER DOES NOT COMPLETE BY 30 JUNE 2020, SCHEDULED COVENANT TEST AS AT 31 MAY 2020 WOULD OCCUR.IN LIGHT OF CURRENT PERFORMANCE & CHALLENGING OUTLOOK, SIGNIFICANT RISK THAT IF FINANCIAL COVENANTS TESTED, CO WOULD BE UNABLE TO COMPLY.

Geberit Announces Death Of Member Of The Board Of Directors Thomas M. Hübner

Wednesday, 9 Oct 2019

By Brenna Hughes Neghaiwi:ANNOUNCES DEATH OF MEMBER OF THE BOARD OF DIRECTORS THOMAS M. HÜBNER.

GMS Appoints Scott M. Deakin As Chief Financial Officer

Tuesday, 8 Oct 2019

Oct 8 (Reuters) - GMS Inc ::GMS APPOINTS SCOTT M. DEAKIN AS CHIEF FINANCIAL OFFICER.GMS INC - LYNN ROSS, WHO HAS SERVED AS COMPANY'S INTERIM CHIEF FINANCIAL OFFICER, WILL CONTINUE IN HER ROLE AS CHIEF ACCOUNTING OFFICER.GMS INC - DEAKIN HAS BEEN APPOINTED CHIEF FINANCIAL OFFICER, EFFECTIVE OCTOBER 21.

Lucibel H1 Net Loss Widens To 1.6 Million Euros

Tuesday, 8 Oct 2019

Oct 8 (Reuters) - LUCIBEL SA ::H1 NET LOSS EUR 1.6 MILLION VERSUS LOSS EUR 0.9 MILLION YEAR AGO.CONFIRMS ITS DOUBLE-DIGIT GROWTH TARGET FOR 2019 FINANCIAL YEAR COMPARED TO 2018.H1 REVENUE EUR 10.4 MILLION VERSUS EUR 10.2 MILLION YEAR AGO.H1 NET FINANCIAL DEBT EUR 0.2 MILLION.

Ober H1 Net Income Group Share Up At EUR 0.5 Million

Tuesday, 8 Oct 2019

Oct 8 (Reuters) - Ober SA ::H1 REVENUE EUR 19.7 MILLION VERSUS EUR 21.4 MILLION YEAR AGO.H1 EBITDA EUR 1.7 MILLION VERSUS EUR 1.8 MILLION YEAR AGO.AS AT END-JUNE CASH AND CASH EQUIVALENT EUR 3.2 MILLION VERSUS EUR 2.7 MILLION AT END-DEC.H1 NET INCOME GROUP SHARE EUR 0.5 MILLION VERSUS EUR 0.3 MILLION YEAR AGO.

Saint-Gobain Completes Sale Of Its Optimera Distribution Business In Denmark

Monday, 7 Oct 2019

Oct 7 (Reuters) - COMPAGNIE DE SAINT GOBAIN SA ::SAINT-GOBAIN COMPLETES SALE OF ITS OPTIMERA DISTRIBUTION BUSINESS IN DENMARK.

SIG To Sell Building Solutions To Kingspan Group

Monday, 7 Oct 2019

Oct 7 (Reuters) - SIG PLC ::PROPOSED SALE OF BUILDING SOLUTIONS.SIG PLC - PROPOSED DEAL FOR CONSIDERATION OF £37.5M ON A CASH FREE, DEBT FREE BASIS,.PROPOSED SALE OF BUILDING SOLUTIONS TO KINGSPAN GROUP FOR £37.5M.ENTERED INTO AN AGREEMENT FOR SALE OF BUILDING SOLUTIONS TO KINGSPAN GROUP.

SIG To Sell Building Solutions To Kingspan Group

Monday, 7 Oct 2019

Oct 7 (Reuters) - SIG PLC ::PROPOSED SALE OF BUILDING SOLUTIONS.SIG PLC - PROPOSED DEAL FOR CONSIDERATION OF £37.5M ON A CASH FREE, DEBT FREE BASIS,.PROPOSED SALE OF BUILDING SOLUTIONS TO KINGSPAN GROUP FOR £37.5M.ENTERED INTO AN AGREEMENT FOR SALE OF BUILDING SOLUTIONS TO KINGSPAN GROUP.

SIG To Sell Air Handling Unit, Use Proceeds To Cut Debt, Shareholder Returns

Monday, 7 Oct 2019

Oct 7 (Reuters) - SIG PLC ::PROPOSED SALE OF AIR HANDLING DIVISION.PROPOSED DEAL FOR ENTERPRISE VALUE OF EUR 222.7M (£198.3M) ON A CASH FREE, DEBT FREE BASIS.AT LEAST £130 MILLION OF NET CASH PROCEEDS WILL BE USED TO REDUCE COMPANY'S FINANCIAL INDEBTEDNESS.BOARD WILL DECIDE ON QUANTUM, TIMING AND METHOD OF SHAREHOLDER RETURN FOLLOWING COMPLETION OF DISPOSAL.MAJORITY OF ANY RESIDUAL NET CASH PROCEEDS WILL BE USED TO MAKE A RETURN TO SHAREHOLDERS.FOLLOWING DISPOSAL GROUP INTENDS TO TERMINATE ITS DEBT FACTORING ARRANGEMENTS AND TO TARGET HEADLINE FINANCIAL LEVERAGE PRE-IFRS 16.

SIG Sees Lower FY Underlying Profitability For Specialist Distribution, Roofing Merchanting Units

Monday, 7 Oct 2019

Oct 7 (Reuters) - SIG PLC ::TRADING UPDATE.MANAGEMENT IS TAKING ONGOING ACTIONS TO ADDRESS CONTINUING MARKET WEAKNESS.HAS BEEN REPORTING DURING YEAR A DETERIORATION IN LEVEL OF CONSTRUCTION ACTIVITY IN KEY MARKETS.DETERIORATION IN TRADING CONDITIONS HAS ACCELERATED OVER RECENT WEEKS, AND POLITICAL AND MACRO-ECONOMIC UNCERTAINTY HAS CONTINUED TO INCREASE.FURTHER BENEFITS FROM TRANSFORMATIONAL INITIATIVES AND NORMAL SEASONALITY ARE STILL EXPECTED TO DELIVER A STRONGER SECOND HALF.NOW SEES, IN BOTH SPECIALIST DISTRIBUTION AND ROOFING MERCHANTING BUSINESSES, SIGNIFICANTLY LOWER FY UNDERLYING PROFITABILITY THAN PRIOR VIEW.

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