SIG says UK economy has turned a corner

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SHEFFIELD-based SIG is outperforming its markets and remains well placed for recovery, according to Panmure Gordon.

It reiterated its ‘buy’ recommendation following yesterday’s results.

Citi said SIG’s management remains confident of delivering good progress supported by an improved trading outlook, efficiency savings and strategic initiatives.

“SIG remains our most favoured merchant, specialists offering more attractions than generalists,” said Jefferies.