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Synthomer PLC (SYNT), formerly known as Yule Catto & Co, is a UK-based chemicals business. It has three main activities: pharma chemicals, impact chemicals, and polymer chemicals. The Synthomer share price is listed on the London Stock Exchange and included in the FTSE 250 Index. In 2018, the company’s annual revenue was over £1.62 billion.
The company’s roots trace back to 1863 when it was established as a trading house by Andrew Yule. Only after the acquisition of Revertex Chemicals in 1980, it changed its business approach and transformed into a manufacturer of speciality chemicals and building products. Since 2007, the company has decided to fully focus on its speciality polymer business. In 2012, it was rebranded as Synthomer. Today, the business employs over 2,900 people, operating in Europe, the Americas, Africa, Asia, and the Middle East.
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The last of the Magnificent Seven have reported, delivering mixed results. Meanwhile, according to FactSet, the S&P 500 is set for negative earnings growth for Q4, with estimates for the next quarter also downgraded.
14:43, 2 February 2024
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