Weir Group appoints David Paradis head of Weir Flow Control
13th Jan 2017 07:53
(ShareCast News) - Engineering firm Weir Group has appointed David Paradis as division president of Weir Flow Control, a manufacturer of valves and pumps for the oil and gas industry, effective from 23 January. Paradis, who is currently president of the company's pressure pumping business, succeeds
Read moreMerrill Lynch upgrades Spectris and Spirax, prefers Smiths Group
11th Jan 2017 11:40
(ShareCast News) - Engineering shares were boosted by a note from Bank of America Merill Lynch that upgraded Spectris and Spirax-Sarco Engineering but said Smiths Group was its preferred UK name in a sector where investors are looking to rotate towards cyclical stocks. While positive data indicators
Read moreSector movers: UK engineers pace gains
5th Dec 2016 16:34
(ShareCast News) - Cyclicals and defensives switched places on the leaderboard on Monday, when compared to the end of the previous week. Shares in some of the main UK engineers were among the best performers amid the former following a positive endorsement on the space from analysts at HSBC said in
Read moreSector movers: Industrial Engineers up despite tough end markets
1st Dec 2016 17:19
(ShareCast News) - Another day of solid gains for crude oil futures boosted the oil patch again. Close behind were Industrial Engineers, with shares in Rotork, IMI and Weir Group pacing gains. Commenting on the messages delivered by the three companies at the latest biannual Valveworld trade show i
Read moreNewcomers eye promotion in FTSE 100 index reshuffle
28th Nov 2016 08:41
(ShareCast News) - Irish packaging group Smurfit Kappa, newly listed medical product company ConvaTec Group and online car retailer Auto Trader could make the leap into the FTSE 100 benchmark on Wednesday as part of the quarterly FTSE Russell index reshuffle. Making way could be precious metals prod
Read moreFriday broker round-up
18th Nov 2016 18:17
(ShareCast News) - Tesco: HSBC reiterates buy with a target price of 260p. Sage: Goldman Sachs reiterates buy with a 870p target. Aggreko: Barclays stays at overweight with a 1000p target. Prudential: Barclays reiterates overweight with a 1748p target. IQE: Canaccord keeps at buy with a 51p targe
Read moreSovereign bond yields headed higher, Credit Suisse says
3rd Nov 2016 12:02
(ShareCast News) - Sovereign bond yields were headed higher, analysts at Credit Suisse warned - and possibly by even more than they themselves were already expecting - even as they recommended clients add to their holdings of the so-called dividend aristocrats and certain cyclicals. Stateside, strat
Read moreWednesday broker round-up
2nd Nov 2016 11:59
(ShareCast News) - Lancashire: JP Morgan keeps at neutral with a target price of 595p. Rolls Royce: UBS stays at neutral, 800p target. Rio Tinto: Barclays reiterates overweight with a 3200p target. Derwent London: Goldnman Sachs reiterates buy with a 3035p target. TUI AG: UBS reiterates buy with
Read moreWeir Group lowers full-year expectations on soft energy market
1st Nov 2016 07:22
(ShareCast News) - Weir Group posted its interim management statement for the third quarter to 31 October on Tuesday, with aftermarket orders stable during the period, though overall order input was down 7%. The FTSE 250 firm said full year profits were now anticipated to be slightly lower than curr
Read moreWednesday broker round-up
19th Oct 2016 12:06
(ShareCast News) - B&M European value retail: Goldman Sachs keeps at buy with a target price of 274p. Zoopla: Berenberg reiterates buy, 400p target. Bellway: Jefferies keeps at buy with a 2857p target. IAG: Credit Suisse upgrades to outperform with a 469p target. British American Tobacco: JP Morg
Read moreFriday broker round-up
14th Oct 2016 09:46
(ShareCast News) - Acacia: Jefferies keeps at buy with a target price of 610p. Tesco: HSBC reiterates hold, 195p target. Weir: UBS downgrades to neutral with a 1830p target. Sky: HSBC reiterates hold with a 820p target. Playtech: UBS keeps at buy with a 1060p target. Jupiter: JP Morgan keeps at
Read moreSector movers: Construction and aerospace lead advance
4th Oct 2016 15:36
(ShareCast News) - Construction and industrial engineering stocks led the way higher, with shares in aerospace and defence close behind thanks to the favourable tailwind from the pound's depreciation. Activity in the UK construction sector bounced back in September, with Markit's purchasing manag
Read moreWeir Group names new finance chief
3rd Oct 2016 07:28
(ShareCast News) - Weir Group chose one of its own to be its new finance chief. John Heasley, who joined the company in 2008 as group financial controller, would take up the post with immediate effect, the UK engineer said in a statement. Heasley had held various financial and operational roles
Read moreBroker tips: Weir, Rotork, ASOS, Barratt Developments, Bovis Homes
20th Sep 2016 12:29
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
Read moreCredit Suisse starts Weir, Rotork at 'outperform'
20th Sep 2016 11:02
(ShareCast News) - Credit Suisse initiated coverage of Rotork and Weir at 'outperform' as it took a look at the pan-European capital goods sector. The bank gave Rotork a 230p price target. "We see Rotork as a high-quality company and while we do not discount a recovery in end markets, we see continu
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