UK's Renold sees weaker early fiscal 2026 demand on market uncertainty

(Reuters) -British industrial machinery maker Renold said on Monday that early fiscal 2026 product sales volume has fallen below year-ago levels and is likely to remain weak through the first half, as economic uncertainty prompts delayed purchases. 

Renold said that pricing actions largely offset slower first-quarter sales and stands ready to implement further price measures if needed to manage costs.

Shifting global trade politics, driven by sweeping U.S. tariffs, have forced businesses to reassess their supply chains and purchasing decisions amid rising costs and uncertainty.

In June, Renold agreed to a 186.7-million-pound ($254.01 million) cash takeover by MPE Bidco, backed by U.S. private equity firm MPE Management Co.  

($1 = 0.7350 pounds)

(Reporting by Raechel Thankam Job in Bengaluru; Editing by Sherry Jacob-Phillips)