SIG’s losses widen to £64m as construction sector’s malaise drags on
SIG’s losses widen to £64m as construction sector’s malaise drags on Latest News / Markets / Property | March 04 2026 | TheBusinessDesk Write a comment A deepening construction industry malaise resulted in widened pre-tax losses at Sheffield-based building materials distributor SIG to £64.1m for 2025, despite a major cost-cutting programme. £39m of cost reductions helped mitigate the impact of lower volumes and pricing pressure as the group closed its Mayplas business and reduced headcount across operations. The company, which employs approximately 6,500 people across Europe, saw like-for-like sales remain flat year-on-year at £2.59bn as prolonged weak demand across UK and E... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below... Login Email Address Password Forgotten your password? Remember Me Or Register here
