Britain's Synthomer lowers annual profit outlook, shares plunge

(Reuters) - 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.

(Reporting by Muhammed Husain in Bengaluru)