AIM IP specialist Tekcapital to sell or float all four portfolio companies 'within 2 years'. Watch the full video here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRenew Holdings Share News (RNWH)

Share Price Information for Renew Holdings (RNWH)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 648.00
Bid: 640.00
Ask: 645.00
Change: 8.00 (1.25%)
Spread: 5.00 (0.78%)
Open: 640.00
High: 648.00
Low: 639.00
Yest. Close: 640.00
RNWH Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

RNS Alerts are a premium feature

Login to your account

myTerminal is a premium feature

Login to your account

Don't have an account? Click here to register.

Renew expects FY results to be 'materially ahead' of forecasts

Fri, 4th Sep 2020 09:50

(Sharecast News) - Engineering services group Renew said on Friday that trading had been strong since the publication of its interim report, with full-year results now expected to be "materially ahead" of market forecasts.
Renew anticipates adjusted operating profits to be between £39.0m and £40.0m, reflecting the group's defensive qualities, resilience and the implementation of numerous mitigation measures in response to the Covid-19 pandemic.

The AIM-listed firm said engineering activities in its rail, infrastructure and environmental markets had remained "robust and reliable" throughout the coronavirus outbreak after the UK government designated the majority of the group's activities as "critical" to the Covid-19 response.

In energy, all site activities at Renew's Sellafield and Springfields assets were steadily being re-mobilised after their shutdown in March. However, the company said it does not expect to be fully operational at either site until the second half of the next financial year.

Renew said: "Our proven resilience and the reliable long-term nature of the UK infrastructure markets in which we are deeply embedded gives the board confidence in our strategy and the continued success of the group."

As of 0950 BST, Renew shares were up 7.89% at 458.0p.

More News

TRADING UPDATES: Renew to buy J Browne; Idox in good start to year

TRADING UPDATES: Renew to buy J Browne; Idox in good start to year

26 Mar 21 14:36

Renew Holdings acquires water-focussed engineering outfit J Browne

(Sharecast News) - Engineering services group Renew Holdings has agreed to acquire water-focussed engineering outfit J Browne Group for a cash consideration of £29.5m.

26 Mar 21 08:27

UK earnings, trading statements calendar - next 7 days

UK earnings, trading statements calendar - next 7 days

25 Mar 21 16:02

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

26 Feb 21 16:12

EXECUTIVE CHANGES: Aston Martin Refreshes Board; nmcn Hires CEO

EXECUTIVE CHANGES: Aston Martin Refreshes Board; nmcn Hires CEO

28 Jan 21 16:41

TRADING UPDATES: ScS Interim Sales Rise; Quixant Annual Revenue Falls

TRADING UPDATES: ScS Interim Sales Rise; Quixant Annual Revenue Falls

27 Jan 21 11:13

EXECUTIVE CHANGES: New CEOs At Minds + Machines And ULS Technologies

EXECUTIVE CHANGES: New CEOs At Minds + Machines And ULS Technologies

25 Jan 21 16:59

UK Dividends Calendar - Next 7 Days

UK Dividends Calendar - Next 7 Days

21 Jan 21 16:20

UK Shareholder Meetings Calendar - Next 7 Days

UK Shareholder Meetings Calendar - Next 7 Days

20 Jan 21 16:14

UK EARNINGS SUMMARY: Numis Profit Grows On "Excellent" Performance

UK EARNINGS SUMMARY: Numis Profit Grows On "Excellent" Performance

8 Dec 20 13:14

UK BROKER RATINGS SUMMARY: Jefferies Raises Whitbread And Cuts IHG

UK BROKER RATINGS SUMMARY: Jefferies Raises Whitbread And Cuts IHG

8 Dec 20 09:44

UK TRADING UPDATE SUMMARY: BMO Commercial Free From Arcadia, Debenhams

UK TRADING UPDATE SUMMARY: BMO Commercial Free From Arcadia, Debenhams

3 Dec 20 19:58

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

1 Dec 20 16:04

UK Earnings, Trading Statements Calendar - Next 7 Days

UK Earnings, Trading Statements Calendar - Next 7 Days

24 Sep 20 16:06

UK WINNERS & LOSERS SUMMARY: Filta Rises On NHS Trust Contract Win

UK WINNERS & LOSERS SUMMARY: Filta Rises On NHS Trust Contract Win

4 Sep 20 10:41

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.