Asia FX muted, dollar fragile as CPI data boosts Sept rate cut bets
Investing.com -- Shares of British engineering firm Renishaw PLC (LON:RSW) rose 9.8% after revised its full-year sales and profit predictions on Thursday.
The company also announced plans to implement a surcharge to offset the additional expenses caused by U.S. tariffs.
Renishaw stated that under the current tariff regime, its products imported into the U.S. are either affected by aluminum and steel tariffs or are subject to the ’reciprocal’ tariff regime.
Renishaw now anticipates its 2025 revenue to be between £700 million and £720 million ($930.1 million-$956.7 million).
This is a slight adjustment from its previous revenue expectations, which were set between £695 million and £735 million.
In terms of adjusted pre-profit, the company now expects a range of £109 million to £127 million. This is compared to the previous guidance of £105 million to £135 million.