SIG expects housing growth

Roofing and insulation firm SIG is considering resuming its dividend payments this year after yesterday posting a 3.1 rise in underlying pre-tax profit of £62.5m. Though revenues declined two per cent to £2.67bn, the firm said market conditions are set to stabilise and expects to see modest growth in residential building work. The FTSE 250-listed firm’s shares rose 7.8 per cent yesterday to 130.5p.