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Share Price: 57.80

Bid: 57.00

Ask: 57.80

Change: -0.40 (-0.69%)

Spread: 0.80 (1.404%)

Open: 58.20

High: 59.20

Low: 57.00

Prev. Close: 58.20

Last checked at -

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 Aug 2009 15:30

London afternoon: US sentiment data disappoints

London's stockmarket overcame a technical glitch Friday afternoon only for equities to turn lower following a surprise plunge in US consumer confidence. Wall Street tumbled three figures shortly after the University of Michigan said its consumer sentiment index for August fell to 63.2 rather than t

14 Aug 2009 11:59

London midday: Equities still on the REIT track

Properties, miners and housebuilders were the sectors making the running this morning as London's blue-chip index strives to make it three days of rises in a row. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Liberty Internat

14 Aug 2009 08:44

London open: British Land bid talk lifts market

London's blue chips have opened slightly higher on a relatively quiet day with bid rumours among the big property groups the main talking point. Reports this morning suggested a consortium of some of the world's richest families is plotting a bid for British Land. Hammerson and Land Securities are

14 Aug 2009 07:39

London pre-open: Positive start ahead

London's blue chips are expected to open slightly higher on a relatively quiet day. Investors are likely to focus on US inflation and industrial production data due in the afternoon. Payment services group Paypoint said its trading performance since the end of March has been satisfactory. The compa

14 Aug 2009 07:06

Renold sees sales decline abating

Industrial chain maker Renold said the sharp declines in sales it has seen recently appear to have stabilised and that customers destocking may be abating. The firm, which reported a 25% slump in first quarter sales, said it saw no indication of customers restocking in the short-term. Renold, who

14 Jul 2009 17:09

London close: Stocks pull out of tailspin

Indecision on Wall Street prompted a spell of profit taking in the UK in the middle of the afternoon session which threatened to wipe out the morning's gains, but London's blue-chips rallied at the death to keep the Footsie in the blue. Mining stocks were the best performers with silver miner Fresn

14 Jul 2009 14:10

London afternoon: Footsie climbs despite weak retailers

London's leading shares continue to edge higher, with sentiment given a boost in the afternoon by expectations of a moderately firm start on Wall Street and a strong set of second quarter results from US bank Goldman Sachs, which announced record revenues. Mobile phone giant Vodafone, the third lar

14 Jul 2009 12:11

London midday: Early gains are consolidated

The Footsie is trading sideways, holding on to gains after a bright start. Inflation data was much as expected, with the inflation rate falling below the Bank of England's 2% target for the first time since September 2007 last month. The Office for National Statistics (ONS) revealed a drop in consu

14 Jul 2009 08:04

Renold FY pre-tax profit slumps, no divi

Industrial chains maker Renold revealed a sharp drop in full year pre-tax profit as economic conditions in the second half of its financial year deteriorated. "These challenges necessitated significant cost cuts and a rapid response from management which has been done," Renold said in a company st

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

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