Renishaw strong asset rise fails to offset deficit increase

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Engineering firm Renishaw has seen its deficit increase by more than £3m in the last year despite a strong performance from its assets.

The firm's deficit rose to £42m over 2012 despite assets values rising by 11.5% to £102m. However, liabilities rose by 12.9% to £144.6m which included a £8.9m increase in liability under IFRIC14...

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