Renishaw shares rise as company projects profit at top end of guidance

Renishaw

21/08/2025 08:11

Corrects share move to 7.6% from 7% and price to 3,200p from 3,2000p in first bullet

** British engineering firm Renishaw RSW.L rises 7.6% to 3,200p, stock biggest pct gainer on FTSE mid-cap index .FTMC

** It expects annual adjusted pre-tax profit at top end of 109 million pounds to 127 million pounds ($146.56 million - $170.76 million)

** The company says its finance chief Allen Roberts will be stepping down by the end of the year

** As of last close, stock is down over 12% YTD, compared to over 6% gain in the FTSE mid-cap index .FTMC

($1 = 0.7437 pounds)

 (Reporting by Atharva Singh in Bengaluru)

 ((Atharva.singh@thomsonreuters.com))