Renishaw cuts annual profit forecast as lockdown bites
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(Reuters) - British engineering group Renishaw Plc cut its full-year profit forecast on Tuesday, saying the coronavirus-induced downturn was set to harm sales in the automotive and aerospace sectors after three quarters marred by Sino-U.S. trade tensions.The company, part of a consortium to produce ventilators to help the National Health Service cope with the coronavirus outbreak, said it now expects adjusted pretax profit of between 45 million pounds and 55 million pounds, from an earlier..