Synthomer's third quarter progress fails to impress as latex outlook blurs
6th Nov 2015 08:37
(ShareCast News) - Synthomer confirmed strong progress across most of the chemicals group's operations in the third-quarter, although the market's reaction seemed to focus on weakness in its paper business and an uncertain latex outlook. Management remained confident in hitting their full-year targe
Read moreThursday broker round-up
8th Oct 2015 17:33
(ShareCast News) - Tullow Oil: JP Morgan Cazenove upgrades to overweight, cuts target price to 310.00p. Soco International: UBS downgrades to sell, keeps target price at 150.00p. Synthomer: Berenberg Bank starts new coverage with a buy, sets target price at 400.00p. Weir Group: Investec Securities
Read moreSynthomer weathers currency headwinds to post 14% rise in profits
11th Aug 2015 07:44
(ShareCast News) - Chemicals firm Synthomer posted a first half pre-tax profit of £51.4m, up 14% from the first half of last year. The company said the performance was strong given significant exchange rate headwinds, and warned its full year result could suffer if conditions continued. The latex m
Read moreFTSE 250 movers: Jimmy Choo boosted by Barclays coverage, Synthomer lower on disappointing profits
2nd Jul 2015 13:15
Mid-caps were trading slightly higher on Thursday, though weakness in the industrial metals, transport and technology provided a drag on gains. As of 16:00 BST, the FTSE 250 was trading 0.2% higher at 17,674. Jimmy Choo was trading higher after Barclays initiated coverage on the stock with an 'over
Read moreLondon open: Stocks open flat on uncertainty ahead of Greek referendum
2nd Jul 2015 09:11
UK stocks opened broadly flat on Thursday morning as fading optimism about a Greek debt deal and an upcoming US jobs report gave investors reasons to be cautious. The FTSE 100 was down 0.07% at 6,603.96 early on. After showing signs of conceding ground on Wednesday and offering to meet most of the
Read moreLondon pre-open: Stocks to fall as Greek hopes fade, US jobs data ahead
2nd Jul 2015 07:57
UK stocks are expected to slip in early trading on Thursday after the Greek government confirmed it would be pushing ahead with a referendum on Sunday, dashing hopes of an imminent debt deal with creditors. Investors were also likely to tread cautiously ahead of the all-important US employment repor
Read moreSynthomer warns of lower operating profit off weak demand
2nd Jul 2015 07:01
Chemicals company Synthomer said it expected a lower operating profit from its Europe and North American division in the second quarter due to weak demand and increased prices for raw materials. The company said in an update that volumes would fall due to weaker demand in the firm's paper and carpe
Read moreMonday broker round-up
1st Jun 2015 09:48
Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr
Read moreCanaccord raises target price on "compelling" Synthomer proposition
30th Apr 2015 12:04
After an arguably mixed first-quarter update from chemicals group Synthomer, analysts at Canaccord Genuity reiterated its 'buy' recommendation and set a target price of 370p, a 14% premium to Wednesday's close. First-quarter trading update from the FTSE 250 group stated that trading had been in line
Read moreSynthomer on track on the back of Asian rubber bounce
30th Apr 2015 10:38
Chemical group Synthomer said first-quarter trading had been on target as the encouraging rebound at its Asian nitrile business continued to offset subdued conditions in developed markets and currency headwinds. Demand for nitrile rubber, which is most commonly used to make rubber gloves used by doc
Read moreFTSE 250 movers: Ladbrokes up after maintaining dividend, Playtech achieves record revenue and earnings
26th Feb 2015 14:18
Ladbrokes was boosted as it revealed it will not cut its 2015 dividend, despite posting a 14% drop in annual profit. Analysts had expected the group to make the cut to help fund marketing expenses, but the group will maintain an 8.9p dividend per share this year. In December, the group began a searc
Read moreSynthomer splashes out with special dividend after second-half recovery
26th Feb 2015 09:28
Chemicals group Synthomer has put a difficult year to bed, delivering full-year results slightly ahead of expectations and a special dividend after after a series of second-half downgrades. Looking forward to 2015 under newly appointed chief executive Calum MacLean, the FTSE 250 group remained cauti
Read moreSynthomer on track for FY target as strong demand in Asia boosts Q4 trading
16th Jan 2015 08:07
Chemical firm Synthomer said that despite lower demand through November and December unit margins improved due to a decline in the price of raw materials. The company cited an earlier-than-usual slowdown as the reason for sluggish demand, though it added that trading and profitability had been in li
Read moreSynthomer confirms new CEO appointment
18th Dec 2014 08:56
Polymers producer Synthomer PLC has confirmed that Calum MacLean will formally succeed Adrian Whitfield as the group chief executive on 22 January. Whitfield will step down from the board on 22 January and leave the company, the group said in a statement. "I am delighted to welcome Calum to the Boa
Read moreTuesday broker round-up UPDATE
4th Nov 2014 09:32
Aberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
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