UK's Synthomer rises most in over a year on robust half-yearly results
Today 09:01
BUZZ-UK's Synthomer rises most in over a year on robust half-yearly results
** Polymer maker Synthomer's SYTS.L stock rises as much as 7.9% to 123.60 pence
** Intraday rise at more than one-year high
** Says Q2 volume, margin and profit growth beat expectations, partly helped by market share gains due to disruptions in rivals' supply chains following Iran war
**SYTS expects YOY progress underpinned by strong H1 trading and continuing benefits from prior year cost saving actions
**Jefferies analysts flag risk to growth sustainability into coming months
**As of last close, stock up nearly 78% YTD
(Reporting by Anushka Chourasia in Bengaluru)
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UK's Synthomer rises most in over a year on robust half-yearly results