Synthomer points to "encouraging" Q1 after tough 2023
12th Mar 2024 07:50
(Sharecast News) - Polymers group Synthomer missed its own revenue targets for 2023 after a downturn in many of its end markets, but said that trading since the year-end has been "cautiously encouraging", causing shares to surge on Tuesday morning.
Read moreCanaccord Genuity lowers target price on Synthomer
14th Feb 2024 09:11
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on chemicals business Synthomer from 350.0p to 300.0p on Wednesday as it effectively pushed out its expectations for the group's recovery by 12 months.
Read moreSynthomer misses 2023 forecasts but cuts debt more than expected
30th Jan 2024 08:56
(Sharecast News) - Synthomer, the specialised chemical products group, has confirmed that both revenues and profits fell in 2023 but strong cash generation meant that net debt was lower than expected.
Read moreBerenberg lowers target price on Synthomer
12th Jan 2024 10:05
(Sharecast News) - Analysts at Berenberg lowered their target price on chemicals business Synthomer from 400.0p to 320.0p on Friday as it lowered its operating profit expectations for 2023-25.
Read moreSynthomer trading as expected despite some slowing demand
15th Nov 2023 08:55
(Sharecast News) - Synthomer updated the market on its trading from 7 September to 31 October on Wednesday, reporting that its overall trading aligned with expectations.
Read moreDirector dealings: Synthomer CFO raises stake
17th Oct 2023 15:30
(Sharecast News) - Synthomer revealed on Tuesday that chief financial officer Lily Liu had purchased 20,000 ordinary shares in the FTSE 250-listed chemicals business.
Read moreBerenberg hikes target price on Synthomer
6th Oct 2023 09:14
(Sharecast News) - Analysts at Berenberg upped their target price on chemicals firm Synthomer from 115.0p to 400.0p on Friday, stating the group's balance sheet had now been "repaired".
Read moreLondon close: Stocks mixed as weaker pound lifts FTSE 100
7th Sep 2023 15:57
(Sharecast News) - London's stock market presented a mixed close on Thursday, with the bourse's top-flight index ending in positive territory, buoyed by a weakening pound.
Read moreSynthomer tumbles on rights issue after weak first half
7th Sep 2023 07:18
(Sharecast News) - Shares in specialty chemicals firm Synthomer were well into the red on Thursday morning, after the company announced a £276m rights issue alongside a fall in first-half revenue and earnings.
Read moreSynthomer reports resilience as demand remains subdued
18th Jul 2023 08:17
(Sharecast News) - Specialty chemicals company Synthomer reported resilient trading in an update on Tuesday, despite a tough market amid a depression in customer demand.
Read moreSynthomer trading in line with management expectations
16th May 2023 08:30
(Sharecast News) - Synthomer said on Tuesday that trading in the first four months of the year has been "broadly consistent" with the board's expectations, reflecting "the continued challenging macroeconomic conditions" described in its full-year results in March.
Read moreSynthomer strikes new revolving credit facility agreement
21st Mar 2023 08:02
(Sharecast News) - Chemicals company Synthomer revealed on Tuesday that it has struck an agreement on a new revolving credit facility.
Read moreSynthomer sees lower rubber glove production into 2023; FY in line
31st Jan 2023 07:41
(Sharecast News) - UK chemicals company Synthomer it still expected low rubber product output levels to continue this year as tough economic conditions persisted into the final quarter of 2022.
Read moreBerenberg slightly raises target price on Synthomer
21st Dec 2022 09:22
(Sharecast News) - Analysts at Berenberg slightly raised their target price on chemicals firm Synthomer from 160.0p to 170.0p on Wednesday as it said 2023 should bring an end to the stock's downgrade cycle and some much-appreciated balance-sheet relief.
Read moreSynthomer sells laminates business for £208m
13th Dec 2022 07:33
(Sharecast News) - Synthomer shares surged on Tuesday as the company sold its laminates, films and coated fabrics businesses to Surteco North America for $255m (£208m), with the proceeds going towards debt reduction.
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