Renishaw PLC posted a record annual profit driven by strong demand from semiconductor, aerospace, and defence sectors. Revenue rose 14% to £815.8 million, with adjusted operating profit up 36% to £152.9 million and an improved operating margin of 18.7%. The company saw significant growth in Position Measurement and Specialised Technologies, supported by AI-driven semiconductor manufacturing and additive manufacturing systems. Cost reductions and restructuring contributed to savings, while cash reserves increased. The board proposed a higher dividend, and the CEO expects continued growth in the new financial year.
Renishaw's record profit driven by semiconductor demand is contextually set against the Technology sector's performance on Pluang. As of Sep 23, 2026 10:51 WIB, out of 150 priced US tech stocks, 86 rose and 61 fell. Among notable movers, GoDaddy Inc (GDDY) declined 6.24% to USD 98.23 with 93% sell orders, Dropbox Inc (DBX) dropped 6.00% to USD 33.85 but had 88% buy orders, and Wix.Com Ltd (WIX) fell 5.15% to USD 79.23 with 84% buy orders. Typical hold times ranged from 60 to 96 days.
Diageo PLC has appointed Joanne Wilson, currently CFO at WPP PLC, as its new chief financial officer effective in 2027. Wilson will join Diageo's board and executive committee, replacing Nik Jhangiani, who has been CFO since 2024 and also served as i...
Cardano's ADA price surged about 31% in one week, outperforming Bitcoin and other large-cap cryptocurrencies. The rally is driven by increased derivatives trading, short squeezes, and a rise in network activity, including a 71% jump in transactions. ...
XRP's market capitalization has surged back above $100 billion following an 8% price increase, making it one of the best-performing cryptocurrencies recently. Despite this milestone, XRP remains over 55% below its record high from last year, suggesti...
Ethereum maintained strong support around $2,760 after a 14% weekly rally, boosted by $413.8 million inflows into U.S. spot Ethereum ETFs over two days. Large holders and BitMine expanded their ETH holdings significantly, signaling confidence. Techni...
Magellan Aerospace reported a strong second quarter with 22.3% revenue growth and significant margin expansion, reinforcing a strong buy rating. Despite negative free cash flow due to working capital and higher capital expenditures, the company’s div...
