NewsletterNewslettersEventsEventsPodcasts
Loader
Find Us
ADVERTISEMENT

Britain's Synthomer lowers annual profit outlook, shares plunge

Britain's Synthomer lowers annual profit outlook, shares plunge
Copyright 
By Reuters
Published on Updated
Share this articleComments
Share this articleClose Button

- Polymer maker Synthomer Plc on Thursday warned that its annual core profit will be 10% to 15% lower than its previous expectations, owing to a decline in demand from construction and coatings markets across Europe.

Shares of the London-listed company slumped 30% to 96.8 pence in early trading, hitting their lowest level since 2010.

Share this articleComments

You might also like