Deutsche Bank upgrades Weir Group to 'buy'
25th Nov 2024 16:29
(Sharecast News) - Deutsche Bank upgraded Weir Group on Monday to 'buy' from 'hold' and upped the price target to 2,580p from 2,200p as it said it was positioned for growth.
Read moreLondon close: Stocks finish upbeat session in the green
25th Nov 2024 15:57
(Sharecast News) - London markets closed higher on Monday as investors reacted positively to geopolitical developments, including US president-elect Donald Trump's announcement of Scott Bessent as the next Treasury Secretary.
Read moreWeir reaffirms guidance after strong third quarter
5th Nov 2024 08:04
(Sharecast News) - Weir Group reaffirmed its full-year guidance after reporting a robust third-quarter performance on Tuesday, citing increased demand in both greenfield and brownfield mining projects.
Read moreLondon close: Stocks finish lower as oil prices sink
15th Oct 2024 15:39
(Sharecast News) - London markets ended Tuesday in negative territory, driven primarily by a sharp decline in energy stocks following a drop in oil prices.
Read moreWeir wins £25m contract for Morroco phosphate projects
30th Sep 2024 07:11
(Sharecast News) - Mining technology group Weir said it had won a £25m contract to provide services on the next phase of OCP's Benguerir and Louta greenfield phosphate projects in Morocco.
Read moreWeir wins £53m contract at Barrick's Reko Diq project
20th Aug 2024 07:18
(Sharecast News) - Mining tech group Weir has been awarded a £53m contract on the Reko Diq copper-gold project in Pakistan, a greenfield development part-owned by Barrick Gold Corporation that is said to be one of the largest mines of its kind in the world.
Read moreLondon close: Stocks mixed after barrage of corporate updates
30th Jul 2024 15:32
(Sharecast News) - London stocks ended the day mixed on Tuesday as investors navigated a wave of earnings reports and anticipated upcoming key announcements from the Federal Reserve and the Bank of England.
Read moreWeir Group scales back revenue guidance for full year
30th Jul 2024 07:49
(Sharecast News) - Scottish mining-focused engineering group Weir reported a small rise in first-half adjusted profits and said that strong aftermarket demand has bolstered its project outlook, though full-year revenues will likely miss forecasts.
Read moreBerenberg re-initiates coverage of Weir at 'buy'
22nd May 2024 12:24
(Sharecast News) - Berenberg re-initiated coverage of Weir Group on Wednesday with a 'buy' rating and 2,600p price target as it argued the engineering firm is a "structural winner".
Read moreWeir Group performs as expected in first quarter
25th Apr 2024 08:31
(Sharecast News) - Weir Group said in a trading update on Thursday that order progression in its first quarter matched expectations as it maintained its guidance for the year.
Read moreWeir Group delivers strong 2023 profits as margins beat targets
29th Feb 2024 07:22
(Sharecast News) - Weir Group managed to deliver an 18% increase in adjusted profits in 2023 after beefing up margins more than expected as it pointed to further growth across the board this year.
Read moreLondon close: Stocks rise as investors digest US jobs data
6th Dec 2023 15:15
(Sharecast News) - London's stock markets finished with a positive performance on Wednesday, with the FTSE 100 and FTSE 250 both closing in the green.
Read moreWeir announces new margin, savings targets
6th Dec 2023 07:22
(Sharecast News) - Weir Group announced new margin and savings targets on Wednesday, ahead of its capital markets event.
Read moreWeir Group snaps up mining AI tech firm
23rd Nov 2023 07:17
(Sharecast News) - Mining technology group Weir has announced it is buying SentianAI, a Sweden-based developer of AI tech that optimises minerals processing performance.
Read moreLondon close: Stocks rise ahead of US Fed policy decision
1st Nov 2023 16:35
(Sharecast News) - London's stock market finished in positive territory on Wednesday, with investors keeping a keen eye on the upcoming policy announcement from the US Federal Reserve.
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