Tag: Renishaw

City Brokers’ Indifference to Engineering

Renishaw founder Sir David McMurtry
Renishaw founder Sir David McMurtry

Yesterday’s post earnings selloff and subsequent rebound in Renishaw’s share price only too clearly demonstrates the City’s lack of understanding of the engineering sector.

As Martin Waller in the Times soberly points out, the analysts “should have known better”.

If they had really been on top of Renishaw’s business I don’t think there would have been such a knee jerk reaction to the earnings drop.

But more fundamentally, this highlights the pandemic running though our society … like the media, the Financial Sectors don’t take time to understand and value our Engineering Heroes.   

Instead, they prefer to remain within the bounds of their EC4 offices and cast judgment from afar rather get to grips with the ‘real world’. read more

An Engineering Hero!

I spent nearly 2 hours chatting to Sir David McMurtry, founder of Renishaw earlier this week.

Renishaw founder Sir David McMurtry

The engineering community often complains that it has no heroes to be lauded in the eyes of the greater public. Yet if ever we had such hero it is Sir David.

From humble beginnings he has built a business with a global reputation in its field. In the last 10 years alone Renishaw has exported over £2 billion worth of products, helping counter our staggering levels of imports. In addition the company is a major employer in western Gloucestershire, offers apprenticeships and graduate funding yet 99% of the British public will never have heard of this quiet, understated man. Shrewd in business, he is immensely proud of the achievements he and his team have made. read more