Renishaw Plc (RNSHF)
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Renishaw ups guidance and introduces surcharge to pass on US tariff costs
FTSE 250-listed engineer Renishaw PLC (LSE:RSW) said it is introducing a surcharge to pass on the impact of additional costs from US tariffs. In results for its fiscal third quarter, the group reported revenue of £180.7 million, a 5% year-on-year increase that was an improvement on the 3% growth in the first half.
Renishaw reports 2% profit growth but expects second half pickup
Shares in Renishaw PLC (LSE:RSW) reversed 7.8% to 3,300p as the engineer reported lower interim profits than expected. First-half profit before tax came in at £57.5 million, up 2%, on revenue up 3% to £341.4 million.
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RENISHAW PLC 20 (RNSHF) Upgraded to Buy: Here's What You Should Know
RENISHAW PLC 20 (RNSHF) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
