Synthomer rebounds to profit as £13m cost cuts offset sluggish demand Business Chemicals group Synthomer has surged back into the black, defying sluggish demand by banking £13m through cost-cutting measures. The London-listed firm, which is headquartered in Essex, made an underlying profit of £2.5m in the first six months of 2024, up from an underlying loss of £6.7m in the same period of 2023. Its shares jumped [...]
Synthomer shares soar after polymer firm sees ‘cautiously encouraging’ start to 2024 Industrials Shares in chemicals group Synthomer soared 31 per cent on Tuesday in their biggest one-day jump ever after the firm said trading so far this year had been "cautiously encouraging", despite reporting a fall in revenue.