SIG shares jump as it forecasts a return to profit
A look at the major movers on the London market on Wednesday
SIG PLC (LON:SHI) has come in from the cold sooner than expected.
The insulation specialist said January and February had seen a solid start to the year, with sales volumes then picking up so that March and April traded ahead of expectations.
So it now expects to deliver an underlying profit in the first half, turning round its losses more quickly than expected.
It said: Whilst the evolving COVID-19 backdrop will continue to create uncertainty in the short term, more so in our EU markets than the UK, the strong demand across territories and sectors in the first four months of the year was encouraging and gives the board increased confidence for the full year performance.
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Edenville Energy Plc, an AIM quoted company operating the Rukwa Coal Project in southwest Tanzania, has announced a number of developments.
Highlights
Proposed strategic investment by Anthony (Tony) Buckingham of £1 million as part of a £2.48 million (before expenses) placing, which includes participation from the company’s substantial shareholders of, in aggregate, an additional £1.05 million.
Additional assets targeted in line with previous announcements.
Strategic investor
The company is pleased to announce that Buckingham has agreed a £1 million strategic investment in the company through the placing (as defined below), giving him a shareholding of 18.5% of the company’s issued share capital, as enlarged by the placing, which is subject to, inter alia, shareholder approval at a General Meeting to be convened shortly.
Kilkenny councillor highlights littering in popular beauty spot
Cllr Dollard is urging people to bin their rubbish or bring it home
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A Kilkenny councillor is appealing to the people of Kilkenny to take responsibility for their litter and dog poo and stop expecting other people to pick up after them.
Cllr Maria Dollard said that complaints about litter and pollution, form the greatest issue she deals with on a week to week basis.
The Green Party councillor works closely with a variety of voluntary groups, either actively collecting litter with Keep Kilkenny Beautiful or supporting other voluntary groups like ‘Lets get Ireland Clean and Green”.
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Phoenix Copper Ltd (AIM: PXC, OTCQX: PXCLF), the AIM quoted North American focused base and precious metals emerging producer and exploration company, is pleased to announce that Catherine Evans has been appointed a Non-Executive Director of the Company with effect from 1 May 2021. In addition, Dennis Thomas is retiring as a Non-Executive Director from the same date and will join the Company s newly created Advisory Board. He will also continue with his executive role as VP Investor Relations in a non-board position. Harry Kenyon-Slaney has also agreed to join the Advisory Board. Following these changes, the Board will continue to consist of seven Directors, three executive and four non-executive, of whom two will be deemed to be independent, including Catherine Evans. The Advisory Board will consist of two members.