Renold Share News (RNO)

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

Tuesday broker round-up UPDATE

Aggreko: JP Morgan reduces target price from 1800p to 1620p reiterating a neutral rating. Alexander Mining: Northland Capital shifts target price from 6p to 8.10p and keeps a buy recommendation. APR Energy: JP Morgan increases target price from 1075p to 1150p and maintains an overweight rating. B

Thursday broker round-up UPDATE

Alternative Networks: Westhouse Securities downgrades to neutral with a target price of 350p. ARM Holdings: Credit Suisse moves target price from 1030p to 1050p and reiterates an outperform rating. Burberry Group: JP Morgan raises target price from 1450p to 1550p reiterating a neutral rating. Car

Xaar CEO slashes stake after share-price surge

The long-running frontman of injet printing technology firm Xaar sold 150,000 shares in the company on the same day it reported an impressive set of first-half results with the stock trading close to an all-time high. Ian Dinwoodie, who has been Chief Executive Officer for over a decade, disposed o

CareTech heads buy close to a million shares

CareTech, the AIM-listed social care services firm, announced Wednesday that both its Executive Chairman and Chief Executive Officer each purchased 485,000 shares. Farouq Sheikh and Haroon Sheikh both paid 190p a share, costing a total of £921,500. The purchases were announced the same day the c

Renold to propose closing its Bredbury chain plant

Industrial chain and power transmission product supplier Renold has begun consultations with staff at its Bredbury plant. That comes after an on-going strategic review identified its Manchester plant as not economically viable due to the existence of excess capacity at the same. The firm's latest

New Renold boss shows his faith after buying 1.5m shares

Robert Purcell, the newly-appointed boss of engineering group Renold, bought one and a half million shares in the company less three weeks after the firm revealed that it had swung into the red in its annual results. The firm, which supplies industrial chains and power transmission products, said t

Thursday broker round-up UPDATE

AMEC: Morgan Stanley reduces target price from 1220p to 1100p and retains an underweight rating. Amlin: JP Morgan takes target price from 360p to 400p maintaining an underweight rating. Brewin Dolphin: Canaccord Genuity raises target price from 230p to 285p and reiterates a buy recommendation. C

Renold retreats into full year loss

Engineering firm Renold booked a full year loss while revenue sagged in what the group described as disappointing results due 'inefficient business processes' and 'very challenging end markets'. The group, which supplies industrial chains and related power transmission products, reported a pre-tax

Tuesday broker round-up UPDATE

AG Barr: Investec increases target price from 562p to 591p, while downgrading from buy to add. Canaccord Genuity downgrades to hold with a target price of 570p. Amara Mining: Cantor Fitzgerald cuts target price from 81p to 63p and retains a buy recommendation. Compass Group: Nomura ups target pric

Renold's annual revenues fall in tough market conditions

Renold, which supplies power transmission products, said underlying revenue for the full-year fell seven per cent as challenging market conditions persisted. In a trading update ahead of its results for the year to March 31st, the group reported a drop in sales with the second half 4.0% lower tha

STOCKS NEWS EUROPE-UK small caps edge down 0.1 pct early on

The FTSE Small Cap index sheds 0.1 percent in early deals, underperforming its larger peers with the FTSE 100 up 0.4 percent and the FTSE 250 rising 0.3 percent. Renold, a supplier of industrial chains and related power transmission products, falls 2.4 percent after it reports challenging c

3i Chief adds 2.5m shares to stake

Simon Borrows, the Chief Executive of 3i Group, the international investor focused on mid-market private equity, this week bought 2.5m 3i shares in three tranches. The three tranches consisted of 550,000 shares purchased at 308.22p, 374,809 at 312.38p, and 1.6m at 305.84p. Altogether the purchases

Monday broker round-up UPDATE

Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank