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Tue, 12th May 2020 08:41
An extremely brief trading update from Renishaw was well-received by the market on Tuesday, though broker N+1 Singer has maintained a neutral stance on the stock due to a cautious outlook for next year. The company, which specialises in measurement, motion control, spectroscopy and precision machini
Read more* Sees FY revenue between 425 mln stg and 445 mln stg * Sees FY adjusted pretax profit of 95 mln-105 mln stg * Shares rise as much as 11 pct, among top LSE gainers (Adds analyst comment, estimates, share movement) Nov 11 (Reuters) - British precision engineering company Renish
Read moreLondon's stock market was trading at levels not seen since late September on Tuesday as decent gains from Vodafone and a host of real-estate groups outweighed weakness in the mining sector. The FTSE 100 was 0.3% higher at 6,633 in early deals. Nevertheless, gains were only modest early on after the
Read moreRenishaw has 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 increasing its investmen
Read moreNov 11 (Reuters) - British precision engineering company Renishaw Plc said it expected full-year revenue to be between 425 million pounds and 445 million pounds ($674 million to $705 million) as it continued to see strong demand across its product lines. The company, whose products include
Read moreAberdeen Asset Management: Credit Suisse ups target price from 440p to 455p and keeps a neutral rating. Anglo Eastern: FinnCap initiates with a target price of 880p and a buy recommendation. Ashmore: Credit Suisse downgrades to underperform. Barclays: Citi moves target price from 300p to 315p stay
Read moreImproving sentiment towards technology companies saw the electronic and electrical equipment sector top the leaderboards in London on Wednesday. Although earnings reports from tech giants stateside have been mixed, with Apple and Facebook pleasing but Amazon and Twitter disappointing, interest in sm
Read moreAfrican Barrick Gold climbed after Westhouse Securities moved its target price from 230p to 240p, keeping its 'add' rating. Renishaw extended Monday's gains, which came after it revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of
Read moreRenishaw has revealed that it now expects to continue to experience the revenue growth seen in its first quarter in the second half of its financial year. The brief announcement from the metrology and healthcare manufacturer came less than two weeks after it delivered its interim management statemen
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