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Renishaw Share News (RSW)
Share News for Renishaw (RSW)
| Share Price: 1,766.00 | Bid: 1,753.00 | Ask: 1,764.00 | Change: 0.00 (0.00%) |  | ||||||
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Glance-STOCKS NEWS EUROPE-Renishaw down; warns on H2 losses
Wed, 11th Mar 2009 12:21
STOCKS NEWS Reuters Results diary
Stocks on the mo
12:06GMT 11Mar2009-Renishaw down; warns on H2 losses
----------------------------------------------------
Shares in Renishaw fall 21.7 percent after the British precision
engineer warns of second half operating losses as monthly revenue continue to
deteriorate, prompting WH Ireland to place its earnings forecasts under review
and cuts its rating to 'underperform' from 'marketperform'.
'The impact of recession has been much greater than we previously imagined.
We will be cutting back our earnings estimates severely as a result,' the broker
says in a note.
WH Ireland expects to slash pretax profit forecasts to around 5.0 million
pounds from 30.5 million pounds for full-year 2009 and to break-even from 22.8
million pounds for full-year 2010.
For more double click on
Reuters Messaging rm://david.brett.reuters.com@reuters.net
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
STOCKS NEWS Reuters Results diary
Stocks on the mo
ve Real-time Equity News
12:06GMT 11Mar2009-Renishaw down; warns on H2 losses
----------------------------------------------------
Shares in Renishaw fall 21.7 percent after the British precision
engineer warns of second half operating losses as monthly revenue continue to
deteriorate, prompting WH Ireland to place its earnings forecasts under review
and cuts its rating to 'underperform' from 'marketperform'.
'The impact of recession has been much greater than we previously imagined.
We will be cutting back our earnings estimates severely as a result,' the broker
says in a note.
WH Ireland expects to slash pretax profit forecasts to around 5.0 million
pounds from 30.5 million pounds for full-year 2009 and to break-even from 22.8
million pounds for full-year 2010.
For more double click on
Reuters Messaging rm://david.brett.reuters.com@reuters.net
COPYRIGHT
Copyright Thomson Reuters 2009. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
RESEARCH ALERT-Fenner: Credit Suisse raises target price
Jan 17 (Reuters) - : * Fenner: Credit Suisse raises target price to 400p from 345p * Halma Plc: Credit Suisse raises target price to 5[17 Jan '13]
RESEARCH ALERT-Renishaw: UBS cuts to neutral
Jan 7 (Reuters) - Renishaw PLC: * UBS cuts to neutral from buy; ups target price to 2000p From 1900p For a summary of rating act[7 Jan '13]
RESEARCH ALERT-Renishaw: UBS raises price target
Oct 19 (Reuters) - Renishaw PLC: * UBS raises price target to 1900p from 1800p; rating buy For a summary of rating actions[19 Oct '12]
UPDATE 1-Engineering co Renishaw profit up on Far East demand
* FY pretax profit up 5 pct at 86 mln stg * Revenue up 15 pct at 331.9 mln stg * Raises final dividend 15 pct to 28.2 pence per[25 Jul '12]
British engineering co Renishaw's profit rises
July 25 (Reuters) - British engineering company Renishaw Plc reported a 5 percent rise in full-year profit helped by strong demand for its prec[25 Jul '12]
BRIEF-RESEARCH ALERT-Credit Suisse starts Renishaw with neutral
June 18 (Reuters) - Renishaw PLC: * Credit Suisse starts Renishaw with neutral; target price 1,530P For a summary of rating actions a[18 Jun '12]
BRIEF-RESEARCH ALERT-Arden raises Renishaw price target
May 28 (Reuters) - Renishaw PLC: * Arden raises Renishaw price target to 1760P from 1650P, rating buy For a summary of rating actions and p[28 May '12]
BRIEF-RESEARCH ALERT-Citigroup raises Renishaw target price
May 17 (Reuters) - Renishaw PLC: * Citigroup raises Renishaw target price to 1175P from 880P; rating sell For a summa[17 May '12]
