UK's Renishaw rises to over 5-year high as annual profit beats estimates

** Shares of British engineering firm Renishaw RSW.L up 4.5% at 5.785p, their highest levels since May 2021

** Stock is top gainer in FTSE midcaps .FTMC index

** Company reports adjusted pretax profit of £168 million ($223.59 million) for the year ended June 30, beats analyst estimates of £165.27 million, based on LSEG-compiled data

** Renishaw says FY2027 has started strongly as it continues to benefit from current upturn in demand for semiconductor manufacturing equipment

** YTD, stock had risen ~58% so far this year

($1 = 0.7514 pounds)