Renishaw Stock News

Renishaw PLC (LSE:RSW) reported record annual profit after strong demand from semiconductor, aerospace and defence customers lifted revenue and margins. Revenue for the year to June rose 14% to £815.8 million, or 17% at constant currencies, while adjusted operating profit increased 36% to £152.9 million.

Jefferies has upgraded Renishaw PLC (LSE:RSW) and XP Power Ltd (LSE:XPP) to 'buy', betting that a longer and stronger semiconductor cycle will drive further earnings upgrades at both companies. The broker also lifted its long-standing 'underperform' rating on Halma PLC (LSE:HLMA) to 'hold', while keeping Oxford Instruments PLC (LSE:OXIG) at 'hold', in a note published on Wednesday covering the ...

Renishaw PLC (LSE:RSW) shares were hoisted 8.1% higher to 5,347p after the precision engineer signalled that profits for the past year would be above analyst forecasts, following a record final quarter.   The FTSE 250-listed maker of measuring and manufacturing systems said it generated revenue of roughly £243 million in the fourth quarter to 30 June, which was up 27% compared to a year ago and...