RS Group plc (RS1.L), a distributor of industrial and electrical products, Tuesday said its revenue for the third quarter decreased 3 percent from last year reflecting declining industrial production and Purchasing manager index (PMI) data, and weaker trading in the second half of December.
On a like-for-like basis, revenue declined 1 percent.
Like-for-like revenue declined 3 percent in EMEA, while in Americas it grew by 3 percent. Asia Pacific like-for-like revenue increased 1 percent. Looking ahead, the company expects full- year adjusted profit before tax to be around the bottom end of its previous outlook of 247 million pounds - 274 million pounds.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.