Renold Share News (RNO)

UK MORNING BRIEFING: Bob Diamond Recruits CEO From Barclays

LONDON (Alliance News) - UK shares have opened lower Tuesday on a weak lead from the US and renewed concerns about Ukraine.

Barclays PLC has reached a settlement with Guardian Care Homes ahead of a court case that was being seen as the measure of whether customers w

Renold on track to hit FY targets

Chain maker Renold is on track to hit full-year targets as its turnaround strategy and restructuring moves forward, it said on Tuesday. Renold said it continued to make good progress in the turnaround phase of its strategic growth plan and therefore expects annual results to match market expectatio

Renold Expects Annual Results In Line With Market Expectations

LONDON (Alliance News) - Renold PLC Tuesday said it expects its annual results to be in line with market expectations because of "good progress" in the turnaround phase of its strategic growth plan. In a trading update ahead of results for the year ended March 31, the power transmission pro

Monday broker round-up UPDATE

Aberdeen Asset Management: Goldman Sachs lowers target price from 600p to 540p, while its buy recommendation is kept. Anglo American: Deutsche Bank cuts target price from 1500p to 1460p, while leaving its hold recommendation unchanged. Credit Suisse raises target price from 1650p to 1900p upgrading

Renold Expects Adjusted Operating Profit To Be Above Market Expectations

LONDON (Alliance News) - Renold PLC Thursday said it expects adjusted operating profit for the full year to be above market expectations, as it more than offset a drop in underlying group revenue in recent months by cutting overheads and boosting margins. The company, which delivers industr

Renold forecasts better-than-expected annual profits

British engineering group Renold forecast higher-than-expected annual profits after reporting more orders and lower overheads. Renold, which makes industrial chains, gearboxes and couplings for use in equipment ranging from factory conveyor belts to theme park roller-coaster rides, said it now expe

UK MORNING BRIEFING: Lloyds To Set Out New Strategy By End Of 2014

LONDON (Alliance News) - The market is dissecting the Lloyds Banking Group earnings statement early Thursday. The state-controlled bank said it swung to profit in 2013, while confirming its intentions to restart paying a dividend and to sell off more of the UK government's sha

Wednesday broker round-up UPDATE

Afren: Liberum Capital raises target price from 197p to 232p and maintains a buy recommendation. AstraZeneca: Berenberg cuts target price from 3472p to 3430p reiterating a hold recommendation. AVEVA Group: Liberum Capital reduces target price from 2350p to 2250p and keeps its hold recommendation.

Renold's "Self-Help" Measures Pay Off As Profit Rises In Weak Market

Cost-cutting helps Renold boost profits

Cost-cutting helped industrial chain maker Renold to rack up a 42 per cent rise in half-year underlying operating profit to 5.1m pounds. The group is closing a factory and moving production to other plants to boost profit by £3.2m and has saved £1.5m in net overheads. It said the gains came agains

STOCKS NEWS EUROPE-UK small caps fall in line with blue-chips

The FTSE Small Cap index closes down by 0.3 percent while the junior-listed FTSE AIM All Share Index falls 0.4 percent. The decline on the small caps' indexes is broadly in line with a 0.3 percent fall on the blue-chip FTSE 100 index, while the FTSE 250 mid-cap index - which hit a record hi

Wednesday broker round-up UPDATE

Abcam: Numis downgrades to add with a target price of 570p. ARM Holdings: Deutsche Bank increases target price from 1080p to 1130p and maintains a buy recommendation. JP Morgan raises target price from 625p to 750p and leaves its neutral rating unaltered. Societe Generale ups target price from 640p

STOCKS NEWS EUROPE-UK small caps end at fresh all-time high

UK small caps rise 0.6 percent, setting fresh all-time highs, while junior AIM-shares broadly steady at a peak not seen for 19 months. Both indexes have risen for four straight days. Blue chips shares add 0.6 percent, while mid-caps fall 0.1 percent. Shares in Renold rise 9.9 percent

Renold sees annual results above hopes

Engineering company Renold, which supplies industrial chains and related power transmission products, said full-year results were likely to top hopes following the closure of a UK plant. Renold said it had finished consulting staff and unions about the proposed shutdown of its Bredbury chain factor

Renold To Close Bredbury Chain Facility And Posts Lower Sales Figures, Shares Soar