FTSE 100 Live: Stocks jump; oil dips below $100 as Trump says Iran deal close Markets Good morning and welcome back to the CityAM liveblog. Brent crude dipped below $100 at Wednesday lunchtime after Donald Trump has hailed “great progress” towards a “final agreement” with Iran, prompting a rally in the FTSE, Asian markets and Wall Street. In a sudden reversal late last night, President Trump said he will pause [...]
Chip makers and defence contractors power profit upgrade for London tech stock Renishaw Tech London-listed engineer Renishaw upped its profit guidance on Monday, sending its shares to the top of the FTSE 250, helped by demand from defence contractors and chipmakers. The Gloucestershire-based precision tech firm is known for its precision equipment used in the lithography process of making microprocessors. On Monday, it pointed to “a substantial expansion” of [...]
Billionaire Renishaw co-founder Sir David McMurtry dies Business The billionaire co-founder of engineering giant Renishaw has died at the age of 84, it has been announced. Sir David McMurtry founded the Wotton-under-Edge-based company with his former colleague John Deer in 1973 and took it public ten years later. Sir David was awarded a CBE in 1994 and was knighted in 2001. He stepped [...]
Renishaw lowers full-year revenue and profit guidance May 8, 2024 Renishaw has slightly lowered its full year guidance after seeing an uptick in revenue at the start of this year, putting a gloss on what was a difficult trading period in the previous six months.
Renishaw share price soars despite profit plunging for British manufacturer February 6, 2024 The firm added it had "undertaken a targeted mutually agreed severance scheme in the UK to allow employees to voluntarily leave the company"
FTSE 100 reshuffle: Are Royal Mail and ITV in pole position for promotion? May 19, 2021 Royal Mail and ITV look to be strong contenders for promotion to the index of the UK’s 100 biggest public companies during next month’s FTSE reshuffle. ITV, which has been boosted by the return of ad revenue, is considered a strong outsider to inch back into the top flight, according to analysis from Hargreaves Lansdown. [...]
Renishaw shares dive after second profit warning May 14, 2019 Renishaw shares crashed more than seven per cent this morning after it unveiled its second profit warning in two months. The Ftse 250 healthcare technology group said adjusted profit before tax in the nine months to 31 March was down 18 per cent at £79.6m. Read more: Renishaw shares plummet as it issues profit warning [...]
Renishaw share price drops as it issues profit warning March 21, 2019 Renishaw saw shares plummet this morning as it issued a profit warning, blaming weak demand in Asia. Read more: Meggitt spends £5m on Brexit stockpiling The FTSE 250 precision engineer now expects profit before tax to land in the range of £123m to £141m, a bracket lower than the £146m to £166m it predicted back [...]
Big orders in Asia send shares in engineer Renishaw skyrocketing July 23, 2014 ENGINEERING firm Renishaw saw its share price surge over 20 per cent yesterday, after unveiling record full-year revenue on higher demand from Asia in the fourth quarter. The FTSE 250 company, which generates 90 per cent of its revenue outside the UK, said that “large unpredictable revenue… from certain Far East customers” had offset the [...]