Corrected: BUZZ-UK's SIG slumps after warning about lower annual profit amid weak market

SIG

16/07/2026 09:31

Corrects share move to 18.2% from 22.3% in first bullet point
** Shares of British building materials supplier SIG SHI.L fall as much as 18.2% to 6.72p
** Co says H1 like-for-like sales fell 1.5%, hurt by challenging construction markets and poor weather conditions at the start of year
** Co expects annual underlying operating profit of about £25 million ($33.8 million), citing no material recovery in market conditions in H2
** Co also announced improvement plan to generate £100 million in cash and boost profit run rate by £50 million by H1 2028
** YTD, stock has fallen 20.3%

($1 = 0.7395 pounds)

 (Reporting by Anushka Chourasia in Bengaluru)
 ((Anushka.Chourasia@thomsonreuters.com))