Profit warning as Renold agrees £49m refinancing
4th October 2012
INDUSTRIAL chains group has Renold warned profits for the full-year will be "significantly below" market expectations.The announcement came as the group secured a £49m refinancing deal with Lloyds TSB and Handelsbanken.The Wythenshawe-based firm said that despite sales growth in the Americas, weaker demand in Europe had continued and first half sales are expected to be down by 6%."In response t......for the full story register now for free or login below...
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