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Share Price: 1,068.00

Bid: 1,070.00

Ask: 1,074.00

Change: 4.00 (0.38%)

Spread: 4.00 (0.374%)

Open: 1,082.00

High: 1,082.00

Low: 1,062.00

Prev. Close: 1,064.00

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Renew Holdings To Meet Expectations; Engineering And Rail Doing Well

Tue, 01st Oct 2019 14:03

(Alliance News) - Renew Holdings PLC on Tuesday said it expects to meet market expectations for its financial year ended September 30.

The results will reflect a full year's contribution from the engineering service firm's acquisition of rail contractor QTS Group Ltd for GBP80.0 million in cash back in May 2018.

Within its Engineering Services unit, organic growth has been "good" and it has a "strong order book".

Meanwhile in rail, Renew has begun operations in the first year of the new CP6 control period, a six year price control period which runs until 2024. Thus far, activity levels have aligned with forecasts with momentum "growing as expected".

Renew expects its net debt on Sept 30 to be between GBP10 million and GBP11 million.

Shares in Renew were up 1.5% at 390.94 pence in London on Tuesday afternoon.

By Anna Farley; annafarley@alliancenews.com

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20 May 2014 13:25

Renew First-Half Revenue, Profit Jumps; Dividend Boosted

LONDON (Alliance News) - Renew Holdings PLC said Tuesday revenue and pretax profit jumped in its first-half, buoyed by a strong performance of its Engineering Services division and increased demand in the Rail business, leading the company to boost its interim dividend for the period by more than

20 May 2014 09:05

UK BROKER RATINGS: Morgan Stanley Upgrades Carnival To Equal Weight

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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20 May 2014 07:58

Tuesday broker round-up UPDATE

Alent: UBS lowers target price from 360p to 355p and keeps a buy recommendation. APR Energy: Investec reduces target price from 1150p to 880p and stays with its hold recommendation. ARM Holdings: Goldman Sachs reduces target price from 1450p to 1400p and stays with its buy recommendation. AVEVA H

20 May 2014 07:24

UK MORNING BRIEFING: M&A Takes Back Centre Stage

LONDON (Alliance News) - Company acquisitions and disposals have roared back to the fore Tuesday, with RSA Insurance, London Stock Exchange, Wolseley, RPS, Cobham and others all making pre-market announcements

29 Apr 2014 11:39

Renew Holdings Buys Clarke Telecom For GBP17 Million

LONDON (Alliance News) - Renew Holdings PLC Tuesday said it will buy telecoms infrastructure engineering company Clarke Telecom Ltd for GBP17 million, a deal that will boost its earnings and comes at a time when the UK's major telecoms companies are ploughing money into upgraded infrastructure to

29 Apr 2014 11:12

Renew snaps up engineer Clarke to tap into wireless telecoms growth

Infrastructure engineer Renew Holdings has agreed to acquire Clarke Telecom for 17m pounds to tap into a wireless telecoms infrastructure market currently enjoying strong growth. The acquisition will be earnings enhancing for the group, with broker Numis putting a figure of 16% on the initial expec

29 Apr 2014 09:15

UK BROKER RATINGS: HSBC Cuts Antofagasta To Neutral And Target 13%

LONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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BERENBERG INITIATES CARNIVAL PLC WITH 'BUY' - TARGET 3,000 PENCE
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UBS RAISES ASTRAZENECA PRICE TARGET TO 4

29 Apr 2014 07:33

UK MORNING BRIEFING: St James's Place Reports Strong Net Inflows

LONDON (Alliance News) - Shares have opened higher Tuesday following positive leads from US and Asian markets and amid a slew of FTSE 100 and FTSE 250 company trading updates.

St. James's Place has reported a surge in funds under management in the first quarter and

28 Mar 2014 12:29

Renew Holdings Says 1st-Half Trading Strong, Well Ahead Of Last Year

LONDON (Alliance News) - Engineering services group Renew Holdings PLC Friday said trading in the first half of the year has been strong, is well ahead of last year, and in line with board expectations. Renew shares rose 2.6% Friday to 234.00 pence per share. In a trading statement, a

28 Mar 2014 10:00

Renew Holdings sees strong first half

Engineering services group Renew Holdings has said that trading since beginning of the year has been strong and well ahead of the comparative position last year. In an update on trading ahead of the interim results for the half year ended March 31st, the group has now seen noticeable growth in its

3 Feb 2014 16:59

Northern Petroleum Chief makes modest investment

Northern Petroleum on Monday announced that its Chief Executive Officer, Keith Bush, had the same day purchased 85,000 ordinary shares. Costing 31.18p each, Bush spent a total of £26,503 on the shares. The purchase marks his only holding in the group. Meanwhile, fellow board member, Stewart Gibs

3 Feb 2014 15:10

DIRECTOR DEALINGS: Renew Holdings CEO, Finance Chief Exercise Options

LONDON (Alliance News) - Renew Holdings PLC said Chief Executive Officer Brian May and Finance Director John Samuel each exercised options over 57,140 shares in Renew on Monday. Both men subsequently sold the shares at an average price of 197.6281 pence per share. Following the deal,

29 Jan 2014 12:39

UK MIDDAY BRIEFING: J Sainsbury Hit By Justin King Departure

LONDON (Alliance News) - Supermarket operator J Sainsbury is the biggest faller on the FTSE100 Wednesday after the surprise resignation of long-time chief Justin King, while FTSE250-listed Carphone Warehouse is doing well after signing a deal to run the stores

29 Jan 2014 11:26

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29 Jan 2014 11:00

Renew Chairman cheers with AGM update

Investors in Renew got a welcome update at Wednesday's annual general meeting (AGM) after its Chairman opened with the news that first quarter trading had been 'well ahead' of the comparative position last year. Roy Harrison told shareholders of the engineering services and specialist building firm

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