Synthomer Share News (SYNT)

Synthomer sells latex compounding operations for EUR27.5 million

(Alliance News) - Synthomer PLC on Monday said it has sold its latex compounding operations to Belgian company Matco NV for EUR27.5 million.

IN BRIEF: Synthomer prices EUR350 million senior notes offering

Synthomer PLC - Essex, England-based chemicals manufacturer - Prices its offering of EUR350 million senior notes due 2029. Plans on using notes to repurchase existing notes due 2025. It expects offering to close on or around Thursday next week.

SMALL-CAP WINNERS & LOSERS: Petrofac falls on financing challenges

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

IN BRIEF: Synthomer launches EUR350 million senior notes offering

Synthomer PLC - Essex, England-based chemicals manufacturer - Launches unsecured senior notes offering of EUR350 million due 2029. Says the notes will be unconditionally guaranteed by some Synthomer subsidiaries. Synthomer intends to use the proceeds, together with cash on balance sheet, to repurchase or redeem some existing senior notes due 2025, alongside paying certain costs, expenses and fees relating to the offering. Also makes tender offer, offering to purchase for cash the outstanding senior notes due 2025. Expects the offering and the tender offer will settle simultaneously on the issue date of the notes.

SMALL-CAP WINNERS & LOSERS: Renewi opens hard plastics sorting site

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

LONDON BROKER RATINGS: Bernstein starts AstraZeneca at 'outperform'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

LONDON MARKET CLOSE: Europe shrugs off hotter-than-expected US CPI

(Alliance News) - European markets closed higher on Tuesday, as investors shrugged off higher-than-expected inflation data from the US.

LONDON MARKET MIDDAY: FTSE 100 outperforms ahead of US data

(Alliance News) - The FTSE 100 rallied heading into Tuesday afternoon, with gains for the blue-chip index broad-based, in confident trade ahead of a US inflation reading.

SMALL-CAP WINNERS & LOSERS: Synthomer jumps on cautious optimism

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Tuesday.

Synthomer annual loss widens but on-track for longer-term growth

(Alliance News) - Synthomer PLC on Tuesday said is loss widened in 2023 as revenue dropped, but said it has been taking "decisive actions" for longer term growth.

Synthomer points to "encouraging" Q1 after tough 2023

(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.

UK earnings, trading statements calendar - next 7 days

Canaccord Genuity lowers target price on Synthomer

(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.

TRADING UPDATES: Synthomer predicts revenue decline amid challenges

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: