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Tue, 12th May 2020 08:41
(ShareCast News) - Electronic & electrical equipment was among the top-performing FTSE 350 sectors on Wednesday, with constituents Renishaw and Morgan Advanced Materials rising on earnings news. Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit to £80m as revenue fell due to
Read more(ShareCast News) - Engineering firm Renishaw reported a 44% slump in full-year pre-tax profit as revenue fell due to a drop in Asian orders. For the year ended 30 June, pre-tax profit came in at £80m from £144.2m the year before on revenue of £436.6m, down from £494.7m. The FTSE 250 group pointed o
Read more(ShareCast News) - Revenue at Renishaw fell in the third quarter, the company revealed on Wednesday, to £109.6m from £145.9m a year earlier. The FTSE 250 firm's cumulative revenue for the nine months to 31 March also fell to £308.1m, compared with £369.7m for the same period last year. Renishaw had
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