SIG plc /zigman2/quotes/205165085/delayed UK:SHI -13.16% dropped 18% in London trade as CEO Meinie Oldersma and CFO Nick Maddock abruptly resigned from the insulation supplier that's a component of the FTSE 250. Steve Francis, who previously was CEO at Patisserie Holdings, was named CEO through the end of the year, and Kath Kearney-Croft was named interim CFO after joining the firm in January. SIG said results for the year will be in line with guidance, with underlying pretax profit of around £42 million, and trading in the early part of 2020 seeing a "continuation of the trends in the last quarter of 2019."
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British stocks slip after biggest one-day drop in more than four years