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

By Reuters News

** 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)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.