Fireworks at Renishaw

Record half-year sales and a much improved outlook triggered a rush back into Renishaw. The shares, which lost over half their value in just a few months last year, shot up 20 per cent at one stage to their highest in almost five months. Investment in production systems within automotive, civil aviation, agriculture and energy markets "looks increasingly favourable", said management at the precision engineer, and recovery in the key electronics sector is on the cards.

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