UK's Renishaw rises as company lifts annual forecast on solid business growth
24/07/2026 08:12
BUZZ-UK's Renishaw rises as company lifts annual forecast on solid business growth ** Shares of British engineering firm Renishaw RSW.L up 7.4% at 5,315 pence
** Company projects FY2026 revenue of about £815 million ($1.09 billion), above analysts' estimates of £781.2 million, with adjusted PBT projected to reach around £167 million, driven by growth across all three business segments
** Renishaw posts fourth-quarter revenue of £243 million, up YoY, cites strong demand from semiconductor & electronics manufacturing equipment, and aerospace & defence sectors
** Peel Hunt analysts raise their PT to 6,300p from 6,000 p, and note that Renishaw "has jumped a year ahead of our estimates"
** As of previous close, stock up ~41% so far this year
($1 = 0.7505 pounds)
(Reporting by Anushka Chourasia in Bengaluru)