UK's Rosebank jumps after guiding annual profit above consensus
21/07/2026 09:23
** Shares of British industrial manufacturer Rosebank IndustriesROS.L rise as much as 8.4% to 324p, their best day since October 2024 ** Co expects 2026 adjusted operating profit to exceed company-compiled consensus of $294 million ** Engineered components maker MW Components and processing equipment specialist CPM, two businesses Rosebank acquired in May, both performing ahead of expectations, with MW expected to exceed market forecasts and CPM tracking to meet 2026 market expectations ** Jefferies analysts view the update positively, noting that MW Components' strong first-half performance in exceeding expectations provides encouraging evidence for the broader group's growth trajectory ** YTD, stock down 8%, including the session's gains (Reporting by Anushka Chourasia in Bengaluru) ((Anushka.Chourasia@thomsonreuters.com))