US EditionRenold flags subdued demand amid £187m takeover bid – Northern Financial Review
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Renold flags subdued demand amid £187m takeover bid – Northern Financial Review
Manchester industrial chain and power transmission firm Renold plc — which has agreed to a takeover offer from US private equity firm MPE Partners — reported a 1.5% increase in revenue to £245.1 million for the year to March 31, but statutory profit before tax fell 10% to £20.6 million. Renold said volume demand during the early part of FY26 has been slightly below prior year levels and that it expects demand to remain subdued, at least through …
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