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Tue, 12th May 2020 08:41
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 moreRenishaw 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 more** Precision engineer Renishaw hits 10-mth highs after raising FY revenue & profit forecasts in a trading update released just before mkt close on Tuesday ** Co cites good momentum in its business & record order book ** Stock up 6.4 pct, top UK midcap riser & builds on nr 5 pct rise s
Read moreJan 6 (Reuters) - British precision engineering company Renishaw Plc raised its full-year revenue and profit forecast citing "good momentum" in its business and a record order book, sending its shares up more than 6 percent. The company, which makes machine tool probes and gauges, said it e
Read moreUK 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
Read moreAberdeen: UBS lowers target price from 465p to 450p and downgrades from buy to neutral. ASOS: Societe Generale reduces target price from 5000p to 4450p, while leaving its buy recommendation unchanged. BG Group: Deutsche Bank reduces target price from 1400p to 1300p and keeps a buy recommendation.
Read moreRenishaw rose strongly after it reiterated its full-year guidance, saying that it continues to see "strong demand" across its product lines. The British engineering firm expects to achieve revenue between £425m and £445m and adjusted pre-tax profit between £95m and £105m. The group said it is increa
Read moreVodafone's share price surged on Tuesday on the back of its interim results, though Brewin Dolphin said that it didn't expect such a positive reaction to a "broadly in-line" report from the telecoms giant. The broker said that Tuesday's market reaction - shares up 6% by early afternoon at 220.25p -
Read moreStrong gains from Vodafone and a string of property companies pushed UK shares into positive territory on Tuesday, though weakness in the resource sectors was limiting upside as the stock market fluctuated at a six-week high. The FTSE 100 was up just 0.1% at 6,618 by midday, having pulled back sligh
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