Market Live Email
Renishaw eyes strong FY revenue and profit growth, Barratt Redrow reiterates FY guidance
By Iain Gilbert
Date: Wednesday 11 Feb 2026
(Sharecast News) - LONDON PRE-OPEN
The FTSE 100 was expected to open 28.7 points higher ahead of the bell on Wednesday, after wrapping up the previous session 0.31% lower at 10,353.84.
STOCKS TO WATCH
British engineering group Renishaw said it expected strong full-year revenue and profit growth despite a mixed market outlook after interim earnings jumped 11.5% on an adjusted basis. Renishaw said on Wednesday that it expected ongoing strong demand across specific sectors and product lines offsetting more subdued conditions in general industrial markets. Adjusted pre-tax profit came in at £64.1m on the back of a 7.1% rise in revenue to £365.6m.
Barratt Redrow reiterated full-year guidance on Wednesday, despite subdued market conditions, following a "resilient" first half. The housebuilder - which acquired rival Redrow 16 months ago - said it had delivered 7,444 total home completions in the 26 weeks to 28 December, a 4.7% increase on the same period a year previously. Adjusted operating profits were largely flat, dipping 0.3% at £210.2m. However, Barratt said the second half had started well, leaving it on course to deliver total home completions of between 17,200 and 17,800, and adjusted pre-tax profits within the consensus range.
Water supply company Severn Trent said on Wednesday that its financial performance was in line with expectations, with the group also "on track" to meet its environmental and operational targets. Severn Trent expects capital investment to come in toward the top end of its guidance range, supported by the benefits of insourcing and early scaling, but also reiterated that it remains on track to deliver at least £40m of reward from outcome delivery incentives and price‑control deliverables in the current year.
NEWSPAPER ROUND-UP
The UK government needs to eradicate "unsustainable" gaps in the policing of franchise businesses after a series of scandals to hit the sector, a parliamentary committee has found. The conclusion forms part of the business and trade committee's small business strategy report and follows a Guardian investigation in December which revealed claims that Adrian Howe, a former Vodafone employee who had agreed to become a franchisee in 2018, drowned after becoming convinced his deal with the multinational company would prove financially disastrous. - Guardian
A lobbying firm co-owned by Peter Mandelson worked for OpenAI before the US tech company signed a wide-ranging agreement with the UK government to explore deploying AI in Britain's justice, security and education systems. In 2024, the $500bn-valued maker of ChatGPT was a client of Global Counsel, which Mandelson co-founded and part-owned. Keir Starmer subsequently appointed Mandelson as ambassador to Washington. - Guardian
Lloyds has won a tribunal against two employees after the bank punished them for posting messages that called Israelis "greedy" and accused the country of genocide. Afra Sohail and Aunngbeen Khalid sued the bank in 2022, alleging discrimination on the basis of political and religious beliefs after Lloyds sanctioned the pair and reported them to the Financial Conduct Authority, the City watchdog, for gross misconduct. - Telegraph
The small businesses which underpin Britain's high streets and the economy are under pressures comparable to those of the Covid-19 pandemic but without the same support, MPs have warned. A report from the business and trade committee said that without action to address higher tax and energy bills, increasing crime and issues with late payments, the government risked accelerating business closures and "hollowing out" the high street. - The Times
A former advertising executive and his childhood friend have been fined more than £100,000 between them for insider dealing in shares by the City's chief regulator. The Financial Conduct Authority said Bhavesh Hirani, 41, was found to have passed on confidential information to Dipesh Kerai, 42, about a major deal between Bidstack Group, an advertising agency, and a "large video game publisher" before its announcement. - The Times
US CLOSE
Wall Street delivered a mixed performance on Tuesday, with the Dow hitting new highs but other indices slipping into the red, as investors digested a raft of corporate earnings and economic data, and looked ahead to number of key risk events over the coming days.
At the close, the Dow Jones Industrial Average was up 0.10% at 50,188.14, while the S&P 500 shed 0.33% to 6,941.81 and the Nasdaq Composite saw out the session 0.59% weaker at 23,102.47.
Reporting by Iain Gilbert at Sharecast.com
Article Archive
Free Membership To Digital Look
Discover the full range of Investor's Tools and Services from Digital Look - voted 'Best Research & Information Provider 2007' by Investors Chronicle.
En HeaderFooterDLYou are here: research