Chip makers and defence contractors power profit upgrade for London tech stock Renishaw

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London-listed engineer Renishaw upped its profit guidance on Monday, sending its shares to the top of the FTSE 250, helped by demand from defence contractors and chipmakers.

The Gloucestershire-based precision tech firm is known for its precision equipment used in the lithography process of making microprocessors.

On Monday, it pointed to “a substantial expansion” of https://www.cityam.com/chip-makers-and-defence-contractors-power-profit-upgrade-for-london-tech-stock-renishaw/">[...]