May 12, 2020 / 6:27 AM / 19 days ago

Britain's Renishaw slashes annual profit forecast

May 12 (Reuters) - British engineering group Renishaw Plc trimmed its full-year profit forecast on Tuesday as it struggles with weak market conditions in its automotive and aerospace sectors.

The company, part of a consortium to produce ventilators to help the National Health Service cope with the coronavirus outbreak, said it now expects adjusted pretax profit of between 45 million pounds ($55.41 million) and 55 million pounds, from an earlier forecast of 50 million-70 million pounds. ($1 = 0.8121 pounds) (Reporting by Yadarisa Shabong in Bengaluru, Editing by Sherry Jacob-Phillips)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below