Synthomer 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.
Read moreCanaccord Genuity lowers target price on Synthomer
1st Dec 2022 14:13
(Sharecast News) - Analysts at Canaccord Genuity lowered their target price on specialty chemicals company firm Synthomer from 350.0p to 250.0p on Thursday following the group's capital markets day.
Read moreSynthomer fined less than expected over styrene purchasing
29th Nov 2022 12:05
(Sharecast News) - Synthomer shares were in the green on Tuesday, after the fine issued by the European Commission over styrene monomer purchasing practices came in below what it had made provisions for.
Read moreBerenberg upgrades Synthomer to 'buy' on announcement of covenant relief
21st Oct 2022 12:03
(Sharecast News) - Analysts at Berenberg upgraded their recommendation for shares of Synthomer from 'hold' to 'buy' on valuation grounds, telling clients that some of the biggest risks were set to ease.
Read moreSynthomer suspends dividend payments, shares tumble
12th Oct 2022 08:28
(Sharecast News) - Synthomer said on Wednesday that it has suspended dividend payments until the end of 2023, sending shares in the chemicals company tumbling.
Read moreSynthomer warns on full-year profits
29th Sep 2022 07:36
(Sharecast News) - Synthomer warned on profits on Thursday as it noted that macroeconomic conditions have deteriorated further since August, with post-Covid customer de-stocking set to last until at least the end of next year.
Read moreSynthomer profits drop as elastomers segment falters
2nd Aug 2022 08:19
(Sharecast News) - Synthomer reported a drop in interim pre-tax profit on Tuesday but struck a confident note on the outlook as it said all segments had grown apart from the elastomers arm.
Read moreBarclays upgrades Victrex, downgrades Synthomer
16th Jun 2022 10:27
(Sharecast News) - Barclays upgraded Victrex on Thursday and downgraded Synthomer as it took a look at European chemical stocks.
Read moreSynthomer makes 'encouraging start' to 2022
28th Apr 2022 08:53
(Sharecast News) - Chemicals outfit Synthomer said on Thursday that it had made "an encouraging start to the year", with all but one of its businesses ahead of or in line with Q1 2021 results.
Read moreDirector dealings: Synthomer non-exec invests £0.6m, Thruvision discloses sale-and-purchase
9th Mar 2022 14:54
(Sharecast News) - Synthomer found itself on the buyers' side of the ledger on Wednesday, after it disclosed a purchase made by a board member worth more than £0.6m.
Read moreSynthomer profit surges on latex sales during pandemic
3rd Mar 2022 09:49
(Sharecast News) - Synthomer's annual profit more than doubled after sales of latex used for gloves rocketed during the pandemic but the company said latex demand was now subdued.
Read moreSynthomer sees FY profits in line as latex glove sales peak
14th Feb 2022 07:15
(Sharecast News) - Chemical company Synthomer said it expected full year core earnings to double, in line with expectations, but cautioned that sales of latex gloves during the Covid pandemic had peaked.
Read moreSynthomer tumbles on Morgan Stanley downgrade
6th Dec 2021 10:05
(Sharecast News) - Synthomer tumbled on Monday after Morgan Stanley downgraded the shares to 'underweight' from 'overweight' and slashed the price target to 400p from 568p.
Read moreEssentra starts review of packaging unit; CFO to join Synthomer
26th Nov 2021 07:18
(Sharecast News) - Essentra said it had decided to start a strategic review of its packaging division as it continued to move towards becoming a pure play components business.
Read moreSynthomer to buy Adhesive Technologies for $1bn
28th Oct 2021 09:20
(Sharecast News) - Synthomer has agreed to buy Adhesive Technologies - the Adhesive Resins business of Eastman Chemical Company - for $1bn (£728m) in cash.
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