|Bid||175.40 x 452400|
|Ask||175.60 x 123100|
|Day's range||174.70 - 176.60|
|52-week range||86.60 - 184.90|
|PE ratio (TTM)||-6.36|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
** Construction materials supplier SIG down 5.5 pct, among top fallers on FTSE Mid Cap, after H1 operating margins tighten on higher costs ** Co says H1 operating margin down 100bps to 3.3 pct; lower gross ...
British building materials supplier SIG named a new CEO on Tuesday, and said it planned to sell assets and review costs as it battles to recover from weak trading in its UK insulation, interiors and offsite construction businesses. The company said Meinie Oldersma, currently head of industrial products distributor Brammer Ltd, would join as chief executive in April, bringing experience in helping turn round and grow businesses across Europe. SIG's former boss stepped down after a profit warning in November blamed on weak demand, tougher competition and delays to some projects after Britain's vote to leave the European Union.
Britain's top share index fell on Friday, dragged down by a sell-off in emerging markets that hit shares of companies exposed to those regions, as investors digested the implications of Donald Trump's victory in the U.S. presidential election. The blue chip FTSE 100 index dropped 1.4 percent to 6,730.43 points by the close, falling for the second session in a row and underperforming the broader European market.
The head of British building materials suppler SIG (Frankfurt: 888153 - news) is stepping down after the company said it would miss 2016 profit forecasts due to weak demand, tougher competition and delays to some projects after Britain's vote to leave the European Union. The company forecast underlying pretax profit of 75-80 million pounds ($94.3-$100.5 million) for 2016, below analysts' average forecast of 91.5 million, according to Thomson Reuters (Dusseldorf: TOC.DU - news) I/B/E/S, and comparable 2015 profit of 87.4 million.
** SIG -23.5 pct, worst day ever, biggest loser on FTSE 250 as building materials supplier warns on FY profit, citing softer trading & intensified competition in the UK after Brexit vote ** Co adds CEO ...