Weir 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.
Read moreWeir maintains guidance despite falling orders in Q3
1st Nov 2023 07:17
(Sharecast News) - Mining engineering company Weir has reiterated its guidance for "strong growth" this year despite orders slipping in the third quarter.
Read moreWeir Group posts big jump in 1H profits, raises guidance
1st Aug 2023 12:17
(Sharecast News) - Weir Group reported burgeoning sales and profits for the first half of 2023 that led management to raise its full-year guidance.
Read moreWeir delivers 'strong execution' in Q1, orders grow
27th Apr 2023 08:15
(Sharecast News) - Engineering company Weir said on Thursday that it had delivered both "order growth and strong execution" in the first quarter, with its margin expansion programme said to be on track.
Read moreWeir profits surge on mining boom
1st Mar 2023 07:27
(Sharecast News) - Engineering group Weir on Wednesday posted a rise in annual profits on the back of a booming mining industry, sparking a surge in the stock.
Read moreDirector dealings: Serco's Soames offloads £3m of his shareholding
9th Nov 2022 13:10
(Sharecast News) - Outsourcing giant Serco disclosed a sale worth more than £3m on Wednesday, made by its outgoing chairman Rupert Soames.
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