In good shape.

SIG assurance sends stock soaring

Published:  18 January, 2010

ESSEX: Shares in building materials distribution company SIG climbed after the firm reassured its investors that it will meet full-year profit expectations.

SIG - short for Sheffield Insulation Group - had warned that "exceptionally challenging market conditions had persisted" and that the bad weather had disrupted operations. But, the firm stated that it "remained on track" to report a pre-tax profit of ú60m.

"SIG is in good shape to deal with its markets and to take advantage of their recovery," said the company.

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