for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Healthcare

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)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up