SIG warns on profits as building products group launches £100m recovery plan

SIG has warned profits will fall this year as weak construction markets continue to weigh on trading, prompting the building products group to launch a major recovery plan aimed at rebuilding earnings and strengthening its balance sheet.

The Sheffield-headquartered supplier of insulation and specialist building products said first-half like-for-like sales fell 1.5%, with underlying operating profit expected to come in at around £10m, down from £15m a year ear... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...