2 March 2021 | 08:32am
StockMarketWire.com - UK stocks made modest gains in early trading on Tuesday after a bevvy of local companies released earnings results, including a pleasing update from Taylor Wimpey and a disappointing one from Ashtead.
At 0818, the benchmark FTSE 100 index was up 8.15 points, or 0.1%, at 6,596.68.
Engineering group Renishaw rallied 12% to £64.90 after it put itself up for sale following a decision by founders and major shareholders David McMurtry and John Deer to sell their stakes in the company.
McMurtry and Deer, who were Renishaw s chairman and deputy chairman, respectively, owned about 53% of the company, including shares held by their connections.