Weakness in part of its business wasn’t enough to trouble investors
Thursday 07 Feb 2019 Author: Daniel Coatsworth
Renishaw ( RSW ) £43.68 Gain to date: 14.8% Original entry point: Buy at £38.04, 20 December 2019 Half year results from precision engineer Renishaw ( RSW ) were well received by the market despite pre-tax profit dipping 6.9% to £61.6m. The business is doing very well in all of its geographic territories apart from the Far East where revenue slipped 1% in the six-month period. It attributes this...