SIG shares fall on overstated earnings

UK specialist building products supplier SIG saw its shares tumble after saying its 2016 profits were overstated by up to £3.7m (€4.2m), writes Geoff Percival.

The news follows SIG last month noting a historical overstatement of cash associated with the issuance of cheques around previous reporting period ends; something which has affected the group’s debt-reduction aims.