Renishaw shares surge on turnover

Published on 26/01/2012 00:00

ENGINEERING firm Renishaw shot to the top of the FTSE Techmark risers’ board yesterday after posting record first-half turnover.

Revenues rose 11 per cent to £147.1 million, with growth in America and Europe making up for a slowdown in the electronics markets in China and the Far East. The healthcare arm – which includes Glasgow-based Renishaw Diagnostics, a Strathclyde University spin out bought by the group – posted a 27 per cent rise in sales to £11.2m. Shares jumped 11.1 per cent or 128p to 1,283p.