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SIG chief executive builds his stake

The building materials specialist swung to a £125m statutory pre-tax loss in the six months to 30 June and is guiding to narrower losses in the second half of the year
September 30, 2020

Building materials distributor SIG (SHI) was already having a tough time before Covid-19 arrived, battling to overcome “nearly a decade of contraction”. But amid the pandemic’s disruption to construction activity, the group’s sales plunged by almost a quarter year on year in the six months to 30 June, to £840m.

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