Renishaw helped by China

Manufacturing group Renishaw has posted an 18 per cent rise in revenues to £174.2m for the last six months of 2012, giving it a 39 per cent jump in adjusted pre-tax profits to £42.3m. The company hailed a rise in orders from China for the boost, which has helped it hike its dividend ten per cent to 11.33p. However, its shares fell more than four per cent on the firm’s caution over orders for the next half of the year.