Victrex maintains dividend as revenue, profits narrow
(Sharecast News) - Polymer specialist Victrex reported a 24% decrease in group sales volumes in its preliminary results on Tuesday, to 3,598 tonnes.
Read moreTue, 07th Dec 2021 18:10
(Sharecast News) - Polymer specialist Victrex reported a 24% decrease in group sales volumes in its preliminary results on Tuesday, to 3,598 tonnes.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:
Read more(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:
Read moreJuly 19 (Reuters) - European chemical industry council Cefic warned on Tuesday that the industry is facing a "perfect storm" as production volumes are expected to drop by about 8% this year, with no immediate recovery in demand expected soon.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:
Read more(Sharecast News) - Berenberg upgraded Victrex on Monday to 'buy' from 'hold' and lifted the price target to 2,090p from 1,750p, as it argued the current risk/reward is attractive.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read more(Alliance News) - Stocks in London are called lower on Monday, after the latest data from China pointed to a slowing economic recovery.
Read more(Sharecast News) - Deutsche Bank upgraded Johnson Matthey on Monday to 'buy' from 'hold' and lifted the price target to 2,500p from 2,300p.
Read moreSTOXX Europe 600 up 0.4%
*Read moreVictrex PLC - Lancashire, England-based polymer solutions company with sustainable products aiming for environmental and societal benefits in multiple end-markets - Says the third quarter ended on June 30 has seen "further improvement" in average selling prices due to price increases, sales mix and currency. However, the firm sees ongoing "macro-economic weakness and destocking across several end markets". Says quarterly revenue is down 23% to GBP72.2 million from GBP93.4 million the year before, as group volume is down 38% to 818 tonnes, compared to 1,323 tonnes the year before. Says the quarter weakness is driven by Electronics, Energy & Industrial and Value Added Reseller. Looking ahead, says its Medical uni is performing strongly, as year-to-date revenue continues to track up double-digit.
Read more(Sharecast News) - Polymer specialist Victrex said in an update on Thursday that despite ongoing macroeconomic weakness and destocking across multiple end markets, it was optimistic about its positioning for a broader economic recovery.
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