JP Morgan Cazenove today upgrades its investment rating on Synthomer (LON:SYNT) to neutral (from underweight) and cut its price target to 300p (from 375p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, has re-invested 8,115 shares in the company on the 11th November 2019 at a price of 294.90p. The Director now holds 486,827 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Deutsche Bank today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 340p (from 375p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>UBS today reaffirms its neutral investment rating on Synthomer (LON:SYNT) and cut its price target to 290p (from 310p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Berenberg today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 345p (from 360p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>London's blue chip benchmark finished in the red on Friday despite the EU confirming it will extend the Brexit deadline, although Brussels also withheld the new deadline date. This left investors fretting over a potential trip to the UK polls, as well as the implications of weak German data and worsening US-China trade relations after US Vice President Mike Pence criticised the Chinese as an aggressive and destabilising force. At 16.35, the FTSE 100 ended the session modestly lower, down...
>> Read more >>London's FTSE 100 fell on Friday with sentiment negatively affected by weak German data and worsening US-China trade deal prospects, after US Vice President Mike Pence criticised the Chinese as an aggressive and destabilising force. UK stocks were also impacted as markets waited for a breakthrough on a Brexit extension or a potential election. At 11.30, the benchmark FTSE 100 index was down 39.4 points, or 0.54%, at 7,288.85. LARGE AND MID CAP RISERS AND FALLERS Banking group Barclays...
>> Read more >>UK stocks edged a tad lower in early trade on Friday as European leaders deliberated over offering the UK a Brexit extension and Boris Johnson pushed for 12 December national elections. At 0829, the benchmark FTSE 100 index was down 4.22 points at 7.324.03. Banking group Barclays gained 2.7% to 170.87p as it reported a fall in third quarter profit that nevertheless beat market expectations. The lender also said that meeting its performance targets for this year and the next had become more...
>> Read more >>Chemicals company Synthomer said it had experienced a slower overall trading environment in the third quarter, which it said was expected to continue into the fourth quarter and into 2020. 'The growing weakness in the global economy has created a more challenging backdrop for the chemical industry,' the company said. 'Depressed European industrial activity combined with increased political and economic uncertainties have resulted in an overall slower trading environment throughout the third...
>> Read more >>Plastics supplier Synthomer expressed support for Neil Johnson to continue as its chairman, despite a substantial no vote against his re-election at its annual general meeting. Only about 65% of shareholders had supported Johnson's re-election, with some having expressed concerns that his responsibilities were too stretched, given he was also chairman of QinetiQ and Electra Private Equity. 'Whilst the board acknowledges that Neil's role as chairman of the QinetiQ board is a significant...
>> Read more >>Plastics company Synthomer noted that Omnova shareholders had votd in favour of its proposed acquisition of the group. The transaction had received regulatory clearance from US authorities in August. It remained subject to merger clearances from the European Commission and in Turkey, the processes for which were ongoing. Synthomer said it continued to target completion in late 2019. 'However, there can be no assurances regarding the timing of regulatory clearances which could delay...
>> Read more >>Peel Hunt today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 435p (from 450p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>UBS today upgrades its investment rating on Synthomer (LON:SYNT) to neutral (from sell) and cut its price target to 310p (from 326p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Alex Catto, Non Executive Director, bought 184,400 shares in the company on the 9th August 2019 at a price of 294.17p. The Director now holds 1,411,792 shares. NOTE: As Trustee Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Credit Suisse today reaffirms its neutral investment rating on Synthomer (LON:SYNT) and cut its price target to 370p (from 400p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Deutsche Bank today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 375p (from 500p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Peel Hunt today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 450p (from 500p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Plastics producer Synthomer booked a 34% fall in first-half profit, owing to weaker economic conditions hurting sales. Pre-tax profit for the six months through June fell to £56.6m, down from £86.2m on-year. Revenue fell 8.5% to £762.7m and adjusted profit fell 7.9% to £70.2m. Synthomer declared an interim dividend of 4.0p per share, up 8.1% on-year. 'Synthomer's performance in the first half has been in line with management's expectations and the prevailing market environment,' chairman...
>> Read more >>Steve Bennett, Financial Director, sold 25,000 shares in the company on the 30th July 2019 at a price of 62.90p. The Director now holds 128,662 shares. NOTE: Sale of nil paid rights. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Holly van Deursen, Non Executive Director, 1,250 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 6,250 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Neil Johnson, Chairman, 25,000 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 125,000 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Dr Just Jansz, Non Executive Director, 2,500 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 12,500 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Dato' Hau Hian Lee, Non Executive Director, 11,190 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 668,890,591 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Brendan Connolly, Non Executive Director, 800 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 4,000 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Steve Bennett, Financial Director, 4,000 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 182,930 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, 119,677 shares in the company on the 29th July 2019 at a price of 240.00p. The Director now holds 598,389 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, has re-invested 8,534 shares in the company on the 5th July 2019 at a price of 389.60p. The Director now holds 478,712 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>The FTSE 100 has taken its cue from the US as it closed 0.7% higher at 7,611.27. In the US, the S&P 500 opened 0.3% higher at 2,973.01, driven by healthcare stocks and bets from investors that interest rates could be cut amid trade tensions. LARGE AND MID CAP RISERS AND FALLERS Paddy Power owner Flutter Entertainment soared 11.5% to £68.38 after a mixture of bid speculation and positive broker comment about the gambling industry's increasing willingness for self-regulation....
>> Read more >>The FTSE 100 has hit a year high after edging over the 7,600 mark for the first time since last August. Sterling weakness has continued to benefit the UK's leading basket of stocks, along with investors taking bets on an interest rate cut from the Bank of England. At 1153, the benchmark FTSE 100 index was up 55.45 points, or 0.7%, at 7,614.73. LARGE AND MID CAP RISERS AND FALLERS Paddy Power owner Flutter Entertainment soared 12% to £68.74 after a mixture of bid speculation and positive...
>> Read more >>UK stocks opened higher on Wednesday, amid broader gains on European exchanges, as investors embraced the naming of Christine Lagarde as the new head of the European Central Bank. At 0851, the benchmark FTSE 100 index was up 37.73 points, or 0.5%, at 7.596.92. Supermarket chain Sainsbury's shed 0.4% as its sales, excluding fuel, fell 1.2% in the first quarter, in what it called a 'tough' market. Sportswear retailer JD Sports Fashion rose 3.9% after the company said it remained on track to...
>> Read more >>Specialist chemicals company Synthomer said it had agreed to acquire US-based counterpart Omnova Solutions for $473m (£375m). Synthomer offered Omnova investors $10.15 cash for each of their shares. It said the deal would create a global speciality chemicals company with complementary chemistries, while strengthening Synthomer's footprint in North America and increasing its presence in Europe and Asia. Pre-tax cost synergies of $29.6 million per annum was targeted for the end of the third...
>> Read more >>Peel Hunt today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 500p (from 515p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>UBS today reaffirms its sell investment rating on Synthomer (LON:SYNT) and raised its price target to 350p (from 340p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Numis today upgrades its investment rating on Synthomer (LON:SYNT) to buy (from add). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>UK chemicals business Synthomer said that as trading in the first quarter had, overall, been in line with expectations, it had left its full-year outlook unchanged. It said trading at its Performance Elastomers unit was "solid", with its Nitrile Butadiene Latex continuing to benefit from the additional 90KT of capacity introduced in the fourth quarter of 2018 at its Pasir Gudang site. Good demand had resulted in higher Nitrile volumes and improved unit margins relative to a strong...
>> Read more >>Steve Bennett, Financial Director, sold post-exercise 36,938 shares in the company on the 9th April 2019 at a price of 389.40p. The Director now holds 142,930 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Steve Bennett, Financial Director, exercised 78,591 shares in the company on the 9th April 2019 at a price of 0.00p. The Director now holds 179,868 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, sold post-exercise 73,905 shares in the company on the 9th April 2019 at a price of 389.40p. The Director now holds 470,178 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, exercised 83,338 shares in the company on the 9th April 2019 at a price of 0.00p. The Director now holds 544,083 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Steve Bennett, Financial Director, bought 2,333 shares in the company on the 9th April 2019 at a price of 389.40p. The Director now holds 101,277 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, bought 7,041 shares in the company on the 9th April 2019 at a price of 389.40p. The Director now holds 386,839 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Steve Bennett, Financial Director, has transferred in 5,396 shares in the company on the 26th March 2019 at a price of 375.80p. The Director now holds 98,944 shares. NOTE: Delivery of cash bonus in shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Calum MacLean, Chief Executive Officer, bought 14,443 shares in the company on the 26th March 2019 at a price of 375.80p. The Director now holds 379,798 shares. NOTE: Delivery of cash bonus in shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Holly van Deursen, Non Executive Director, bought 5,000 shares in the company on the 14th March 2019 at a price of 382.47p. The Director now holds 5,000 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Barclays Capital today reaffirms its overweight investment rating on Synthomer (LON:SYNT) and cut its price target to 510p (from 540p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>Brendan Connolly, Non Executive Director, bought 1,000 shares in the company on the 5th March 2019 at a price of 380.08p. The Director now holds 3,200 shares representing 0.00% of the shares in issue. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
>> Read more >>Credit Suisse today reaffirms its neutral investment rating on Synthomer (LON:SYNT) and cut its price target to 444p (from 485p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
>> Read more >>UK stocks opened higher on Monday amid reports that the US and China were close to signing a trade deal. At 0859, the FTSE 100 was up 20.74 points, or 0.3%, at 7.127.74. Fashion retailer Ted Baker gained 0.4% following news that chief executive and founder Ray Kelvin had resigned while an investigation continued into allegations of personal misconduct. British American Tobacco fell 0.6% on expressing its disappointment that a Canadian court had upheld a decision to award billions of...
>> Read more >>Plastics manufacturer Synthomer posted a 39% rise in annual profit as it experienced strong growth in its Asian business. Pre-tax profit for the year through December rose 39% to £120.3m, as revenue climbed 9.4% to £1.62bn. Underlying pre-tax profit, which stripped out one-off gains and losses, rose 3.9% to £135.1m. The company declared a full-year dividend of 13.1p per share, up 7.4% on-year. 'I am pleased to report a year of good progress, highlighted by a fourth consecutive year of...
>> Read more >>Peel Hunt today reaffirms its buy investment rating on Synthomer (LON:SYNT) and cut its price target to 515p (from 690p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk
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