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Share Price: 57.80

Bid: 56.40

Ask: 57.40

Change: -0.20 (-0.34%)

Spread: 1.00 (1.773%)

Open: 58.80

High: 58.80

Low: 57.60

Prev. Close: 58.00

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IN BRIEF: Renold Shares Rise 10% As Hails "Resilient" Interims

Wed, 11th Nov 2020 14:43

Renold PLC - Manchester-based supplier of industrial chains and related power transmission products - Revenue in six months ended September 30 down 17% year-on-year to GBP81.5 million from GBP98.2 million. Pretax profit drops 20% to GBP2.8 million from GBP3.5 million from a year earlier. Says first-half performance was "resilient" in the face of Covid-19 pandemic. "The tight focus on cost and cash management in the first half has created a platform from which we can manage through short-term disruption," Says Chief Executive Robert Purcell.

Current stock price: 12.00, up 10% on Wednesday

Year-to-date change: down 33%

By Eric Cunha; ericcunha@alliancenews.com

More News

14 Feb 2013 17:15

STOCKS NEWS EUROPE-UK small caps close 0.5 percent lower

The FTSE Small Caps index falls 0.5 percent, in line with a 0.5 percent decline on the blue-chip FTSE 100 index while the FTSE 250 mid-cap index retreats by 0.8 percent. Renold PLC sheds 11.5 percent after the industrial chain maker issues its second profit warning since October, saying tha

14 Feb 2013 12:20

STOCKS NEWS EUROPE-UK small caps fall at noon but outperform FTSE

UK small caps are down by 0.5 Percent at midday, outperforming the mid-caps, down 0.9 percent, and the blue chips, down 0.8 percent. Renold PLC sheds 11.5 percent after the industrial chain maker issues its second profit warning since October, saying that its second-half operating profit wo

14 Feb 2013 07:56

UPDATE 1-Chain-maker Renold warns on profit again

* Second half operating profit seen lower than expectations * Europe revenues down 7.5 pct, North America down 6.6 pct LONDON, Feb 14 (Reuters) - Britain's Renold PLC issued its second profit warning since October, as sales of its industrial chains continued to slip. Renold sai

30 Jan 2013 16:16

Avesco Chairman adds to stake, while fellow directors sell

Avesco, an AIM-listed corporate services provider, said Wednesday that its Chairman, Richard Murray, acquired 200,000 ordinary shares at 150p a go, as a number of his fellow board members opted to downsize their holdings in the group. Murray's transaction was by far the largest, costing him a tota

26 Nov 2012 16:08

Associated British Foods directors sell newly vested shares

The Chief Executive and the Finance Director at Associated British Foods each sold a portion of newly vested shares on Friday. CEO George Weston sold 65,533 shares at 1,442.65p a time, earning him a total of £945,412, while Finance Director John Bason sold 64,373 at the same price for a total of £

22 Nov 2012 07:19

Thursday broker round-up UPDATE

Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9

4 Oct 2012 08:11

Renold hammered after profit warning

Engineering firm Renold is to take the axe to its cost base once again after issuing a profit warning. The board has made a good start with the refinancing of is main bank facilities, which will bring in an immediate reduction in borrowing margins of 1.25 - 1.50 percentage points, with scope for f

7 Aug 2012 14:58

Experian director reduces stake by 40,000

Experian non-Executive Director, David Tyler, who is also the Chairman of both Sainsbury and Logica, has ditched 40,000 shares in the FTSE 100 financial data company. Tyler's sale, which saw him pocket £388,236 by selling the shares at 970.59p each, comes less than a month after the company posted

2 Aug 2012 09:12

Renold warns of deteriorating trading conditions

Industrial chains maker Renold suffered a significant drop in its share price on Thursday after warning of deteriorating trading conditions in a number of territories. The group reported a 'marginal' overall reduction in sales, pushing profits lower. Despite this, the firm stressed that the level o

6 Jun 2012 15:54

Tracsis tech officer ditches shares

Raymond Kwan, the Chief Technical Officer of Tracsis ditched 750,000 shares on the same day the firm announced that it considers it likely that the company will exceed current market expectations for the year ended July 31st 2012. Tracsis is a developer, supplier and aggregator of resource optimis

1 Jun 2012 11:59

BG boss sells without explanation

The Chief Executive of BG Group, the FTSE 100 natural gas company, has offloaded more than £4.7m-worth of shares without an explanation, putting a serious dent in the share price. Sir Frank Chapman sold 368,185 at 1,285p each, reducing his stake to just over 1.5m shares, equal to 0.0446% of the iss

31 May 2012 15:50

3i Chief Executive buys four million shares

Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m fo

29 May 2012 09:06

Tuesday broker round-up - UPDATE

Brewin Dolphin: Peel Hunt maintains buy rating and 185p target. BTG: finnCap raises target from 326p to 331p, hold rating maintained. Euromoney Institutional Investor: Peel Hunt upgrades from hold to buy, target left at 800p. Greggs: Canaccord Genuity upgrades from hold to buy, target left at 520

17 Apr 2012 11:10

Renold shares hit after update

Transmission products firm Renold saw its shares drop over nine per cent on Tuesday morning after it said growth had slowed in the second half. The firm said full-year adjusted earnings had doubled on the previous year, in line with expectations. It added that operating margins and profit improve

16 Mar 2012 16:28

Standard Chartered earns 5.9m pounds worth of shares

Peter Sands, Chief Executive at Standard Chartered, the Asia-focused banking colossus, earned himself 5.9m pounds-worth of shares in the company following the vesting of four separate reward payments. The pay-out came as the largest part of a £32m bonus paid to 10 of the company's directors. San

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IN BRIEF: Renold Shares Rise 10% As Hails "Resilient" Interims

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