SIG set for cost-cutting drive as materials market stalls

Building materials distribution giant SIG is planning a £100m efficiency drive as the market continues to struggle.
In a trading update today SIG said: “The Group has developed an improvement plan assuming no market recovery in H2 2026 and FY 2027.“The plan aims to generate cash of at least £100m, through a combination of business simplification, disposals, business improvement and working capital optimisation.
“It is also targeting an annualised operating profit ru