UK's Renishaw climbs on FY profit rise, dividend hike

Renishaw

18/09/2025 08:56

** Shares of British engineering firm Renishaw RSW.L up 3.4% at 3,325p

** Stock among top gainers on FTSE mid-caps .FTMC index

** Co posts FY adj PBT of 127.2 million pounds, up 3.8% YOY

** Proposes FY dividend increase by 2.5%

** Co says "steady start" to FY26

** Brokerage Peel Hunt raises PT to 4,475p from 4,300p

** The momentum through 2H and particularly 4Q is encouraging and underpins our confidence moving forward despite a continued tough macro backdrop - Peel Hunt

** Including session moves, RSW down ~2%, FTSE mid-caps up ~5% YTD

 (Reporting by Nithyashree R B in Bengaluru)

 ((NithyashreeRB@thomsonreuters.com))