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Tue, 28th Jul 2015 14:38
** Precision engineering co dives as much as 15.6%, poised for sharpest one-day fall since Oct 2011, on profit warning (>3-week low) ** Cites lack of large orders from the Far East this yr. ** Sees FY revenue between 420-440 mln stg, down from an earlier range of 440-465 mln stg
(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 more(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 more(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 more** Precision engineer Renishaw down 4 pct in hefty volumes ** 198.49 mln stg rev misses avg estimate of 204 mln stg; PBT of 26.08 mln stg falls short of 35.7 mln stg ests, according to Reuters I/B/E/S data ** Stock 2nd top FTSE midcap loser with nearly its full 30-day avg volume trade
Read more** Best day in more than 2 yrs for shares in nanotechnology tools maker Oxford Instruments after after co says confident in meeting FY expectations ** Shares up as much as 11 pct as co's order book for the year ahead YoY ** Stock been volatile since profit warning early Sept on softer
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