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Friday,16 September 2022 at 15:50

Renishaw reported record annual revenues on Thursday, boosted by a recovery in its core markets, but warned of a weakening outlook.
 
The FTSE 250 engineering firm reported revenues of £671.1m for the year to 30 June, a 19% improvement on the previous year, and a 37% hike in adjusted pre-tax profits.
 
Renishaw said that both revenues and adjusted pre-tax profits were records, and had been achieved against a backdrop of a global recovery in all key markets.

UK and European markets fell in choppy trade.

U.S. stocks tumbled, deepening a sell-off across U.S. equity markets that placed all three major averages on pace for a weekly loss.

Oil prices were broadly steady but on track for a weekly decline.

Gold priced higher.

Markets
At the close
FTSE 100 7,236 (-0.62%)
FTSE 250 18,780 (-0.56%)
DAX 12,730 (-1.75%)
At 16:45
Dow Jones 30,644 (-0.36%)
S&P 500 3,852 (-1.26%)
NASDAQ 11,362 (-1.64%)
Fixed Income
UK 10-YR YIELD 3.128
Exchange Rates
GBP/USD 1.141
GBP/EUR 1.140
Commodities
Gold $1,674 +0.63%
Brent $91.98 +1.46%
Important - No news or research item should be construed as a recommendation to trade. The inclusion of securities within this report does not necessarily imply their suitability for individual portfolios or situations in respect of which further advice should be sought. Information contained in this report has been compiled from sources believed to be reliable but is not warranted to be accurate or complete.

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