SIG to take on CD&R as investor via 150 million sterling equity raising
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(Reuters) - Building materials supplier SIG Plc on Friday announced plans to raise 150 million pounds in new capital as it reported an annual loss and warned of a revenue hit this year.CEO Steve Francis, appointed earlier this year, also laid out a new strategy focusing on sales and reviving margins as the British firm looks to put past troubles with financial forecasts behind it.The company reported a statutory annual pretax loss of 112.7 million pounds versus a profit of 10.3 million pounds a..