SIG slumps as construction weakness leads to fresh profit warning
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(Reuters) - SIG Plc shares tumbled as much 26% on Thursday as the building materials supplier warned on 2019 profit for the second time in three months, after December sales were hit by a long-running weakness in European construction markets. Demand in the UK and Germany has taken a beating from political uncertainty and fears of a recession respectively, prompting SIG to focus on streamlining operations, switching to higher-margin sales, and cutting down costs and debt.The British..