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Tue, 12th May 2020 08:41
(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 more(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 more** British precision engineer Renishaw up c7 pct and top gainer on the FTSE 250 index in robust volume ** Co cuts FY rev forecast but keeps PBT forecast, causing Investec analyst Michael Blogg to say that "margins must be better" ** Margins a closely-watched metric for industrials as
Read more(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 more** Machine tool probe and gauge maker Renishaw's shares boosted by strong FY15 results which outweigh concerns about demand from large customers ** Stock, which has shed about a quarter of its value since early May amid fears over deteriorating demand from Apple & Samsung, up 6.9% & poise
Read more(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 moreJuly 29 (Reuters) - British precision engineering company Renishaw Plc forecast lower revenue for the current fiscal year, saying that it was hard to predict how many large orders it would win. Analysts have in the past linked Renishaw's large order wins to the launch of new products from A
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