SIG lifts FY profit expectations after better-than-expected Q4

Building materials specialist SIG upgraded its full-year profit expectations on Friday following better-than-expected trading in the fourth quarter.

In a brief update, the company said it has continued to trade well in the fourth quarter, and ahead of expectations.

"This has increased visibility and confidence in the full year underlying operating profit outturn, which is now expected to be ahead of prior expectations and no less than £40m," it said.

SIG will release a trading update for the year ending 31 December 2021 on 11 January 2022 and is scheduled to publish full-year results in March.

At 0820 GMT, the shares were up 3.6% at 46.58p.