Renishaw issues profit warning over Asian downturn
24th Mar 2016 07:13
(ShareCast News) - A downturn in Asian demand led to Renishaw issuing a profit warning to the market on Thursday morning. The FTSE 250 engineering firm said in a trading statement that revenue last year benefited from a number of large orders in the Far East, which had not been repeated to the same
Read moreLondon pre-open: Stocks seen lower as investors eye retail sales data
24th Mar 2016 07:12
(ShareCast News) - London stocks were set to open weaker on Thursday following downbeat cues from the US and Asia, as a stronger dollar hits commodity prices. The FTSE 100 is seen starting 40 points lower than Wednesday's close at 6,159. "The rebound in the US dollar along with a sharp drop in the
Read moreLack of Far East activity sees Renishaw revenues shrink
28th Jan 2016 09:20
(ShareCast News) - A lack of activity on the Far East saw Renishaw's revenues shrink significantly in the first half of its financial year, according to the firm's interim report released on Thursday. The FTSE 250 company reported first half revenue of £198.5m in the six months to 31 December 2015,
Read moreFTSE 250 movers: ICAP slumps on downgrade; Provident Financial rallies on results
16th Oct 2015 14:30
(ShareCast News) - London's FTSE 250 index was down 0.1% to 16,927.90 at 1445 BST, underperforming the broader market, which rose amid hopes of further central bank stimulus. Interdealer broker ICAP slumped after Barclays downgraded the stock to 'equalweight' from 'overweight' and cut the price targ
Read moreFTSE 250 movers: Renishaw bounces back, Serco sapped by HSBC downgrade
15th Oct 2015 14:51
(ShareCast News) - The FTSE 250 rose steadily on Thursday, in parallel with most equity indices worldwide. By mid afternoon the UK's mid-cap index was up 0.63% at 16,671.7 points. Leading the pack was metrology and engineering company Renishaw, despite having posted a drop in sales and profit for th
Read moreRenishaw downgrades full-year revenue guidance
15th Oct 2015 10:33
(ShareCast News) - Metrology and engineering company Renishaw said it now expects full-year revenue to be below previous guidance, as it posted a drop in sales and profit for the first quarter. In an update for the three months ended 30 September ahead of an AGM, the company said revenue for the fir
Read moreRenishaw annual profit and revenue jump on large orders
29th Jul 2015 09:31
(ShareCast News) - Precision measurement products manufacturer Renishaw reported a jump in annual profit before tax and revenue but warned its profit is expected to be lower next year. The FTSE 250 group said its pre-tax profit jumped 50% year-on-year to £144.2m, while revenue surged 39% to £494.7m.
Read moreFTSE 250 movers: Virgin Money leads index, Saga hit by Acromas sale
28th Jul 2015 14:38
(ShareCast News) - The FTSE 250 index started strongly on Tuesday morning and held steady through the afternoon, led by encouraging results from several UK companies. London's second-line index was up 0.77% at 17,400.05 by 15:10 on Tuesday afternoon. Virgin Money's shares were the strongest perform
Read moreSolid State secures £1m contract with Renishaw
4th Jun 2015 10:44
Solid State, an electronic components manufacturer, has secured a £1m contract with Renishaw for the suply of its semiconductor devices. Under the agreement, Renishaw will use the devices of Solid State's supplies division in its metrology products. Renishaw will be able to import the component dir
Read moreRenishaw third quarter profit jumps as revenue in Asia soars
13th May 2015 08:44
Metrology group Renishaw reported a jump in third quarter profit, on the back of strong revenue growth in all of its markets. The FTSE 250 group said revenue for the three months to 31 March surged 72.6% year-on-year to £145.9m, while cumulative revenue for the nine months to March was up 49% from t
Read moreFriday tips round-up: Renishaw, John Laing
30th Jan 2015 10:41
Renishaw caught the proverbial falling Apple in its first half. The precision machinery-maker saw its pre-tax profits more than double over those six months to £56.6m as orders from cell-phone makers piled up. While it is well-known that it supplies smartphone manufacturers with its precision measur
Read moreRenishaw H1 profits soar 121% thanks to metrology division
29th Jan 2015 10:12
British engineering company Renishaw saw its half-year profits more than double following an increase in machine tool orders from Far East customers in its industrial metrology division. Revenues during the first half of the year rose 36% to £223.8m and profit before tax jumped by 121% to £56.6m. E
Read moreRenishaw profit forecasts upgraded 30% by Numis after update
7th Jan 2015 14:35
After an unscheduled trading update from engineer Renishaw released late on Tuesday afternoon, broker Numis has upgraded its profit forecast by 30% and expects consensus to follow suit. Ahead of its interim results on 29 January, the FTSE 250-listed group said first-half sales were 37% higher than t
Read moreFTSE 250 movers: Renishaw and construction sector receive boost as mining stocks decline
7th Jan 2015 14:09
Renishaw was rising after it released an unscheduled trading update late on Tuesday. Numis upgraded its profit forecast by 30% and claims that it expects consensus to follow suit. Renishaw also had its "overweight" rating restated by Barclays in a research note issued on Wednesday. The firm announce
Read moreRenishaw faces greater scrutiny after failing to reach required relationship agreement
17th Nov 2014 08:36
UK engineering group Renishaw said on Monday that it had failed to put in place a relationship agreement with its controlling shareholders required by the new listing rules introduced this year. The FTSE 250 group had been given until 16 November to put the agreement in place. Both chairman Sir Dav
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