Symphony Environmental surges as it receives FDA approval for antimicrobial food packaging
The company said the approval provided “a new and immediate commercial opportunity in the western world’s largest market”
Company
LON:SYM
Symphony Environmental Technologies PLC is a world-leading developer of technology to make ordinary plastic biodegradable, and a range of other plastic technologies to protect against microbes, insects, fire, and many other threats. The company's technology is sold, usually in the form of additives or masterbatches, in nearly 100 countries around the world to protect the environment, and human health and safety.
212 stories · page 4 of 11
The company said the approval provided “a new and immediate commercial opportunity in the western world’s largest market”
"Much of the product purchases that were expected in Q4 2019 have been deferred to Q1 2020 so this is largely a timing issue where contracts land," said broker, Hybridan
The firm has named Nicolas Clavel as its interim non-executive chairman replacing Nirj Deva who has stepped down
The new award is for listed companies who derive 50% or more of their activity from industries looking to reduce environmental risks and promote sustainable development
"We continue to believe that there is a strong global outlook for d2w technology underpinned by regulatory, legislative and market forces in our key markets of Latin America and the Middle East."
New packaging using the d2w brand was presented for the first time at an event in Mexico City on 20 August
Vincel Holdings subscribed for 15.5mln shares at 12.5p each and has been granted 10mln warrants
Archive
A look back at some of this week's more interesting stories from London's junior market
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Symphony produces an oxo-biodegradable plastic branded as d2W
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
“The development of new products for each of our d2w and d2p technologies continues at a satisfactory pace, and we remain encouraged by their growth prospects”
Investments and investor services
Footsie closed up over 29 points on the day to close at 7,380, while the FTSE 250 added over 18 at 19,795
Archive
The day ahead includes first quarter earnings from HSBC and the all-important US non-farm payrolls report
Investments and investor services
A look at the day's major movers, including Alpha Real Trust, Global Petroleum, Zinc Media, GCM and Oxford Metrics
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Sales of anti-microbial products jumped by almost 200%
Investments and investor services
The footsie closed up nearly 43 points at 7,228, while FTSE 250 gained almost 208 points at 19,491