SIG warns on profit as construction weakness drags; shares tank
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(Reuters) - Building materials supplier SIG Plc on Thursday warned of a sharp fall in 2019 profit, hit by a long-running weakness in European construction markets and delays in its turnaround efforts bearing fruit.The company's shares fell 23% in early trading after it also said sales rates deteriorated towards the end of the year.SIG had previously issued a profit warning in October due to a weakening economic outlook in Britain and Germany, which was further exacerbated by political..