MARKET TALK: Weir Acquisition 'Just What We Want To See'

14th Jun 2010 07:51

0651 GMT [Dow Jones] Weir Group's (WEIR.LN) acquisition of the Linatex group of companies looks good, and is "just what we want to see," says a trader. Also notes the company's update, saying it continues to be optimistic on its outlook. Another trader notes Weir's aftermarket orders exceed expectations, adding there is a positive emerging trend in the original equipment orders. Expects profit in 2H '10 to be well ahead of 2H '09 profit in constant currency terms. Shares closed Friday at 951p. ([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 14, 2010 02:51 ET (06:51 GMT)