London close: Rally continues as FTSE 100 jumps
27th Jun 2013 16:44
Strong US economic data and some reassuring comments by a member of the Federal Reserve gave markets a big boost on Thursday, helping the FTSE 100 to extend gains into the third day. After hitting a fresh five-month low of 6,029 on Monday, the FTSE 100 has risen strongly over the past three session
Read moreFTSE 100 movers: Smiths Group tops the leaderboard
27th Jun 2013 13:21
Engineering companies Smiths Group and Weir Group were the top gainers on Thursday.UBS upgraded Smith Group's stock to 'buy' from 'neutral', helping to push shares higher. Tate & Lyle advanced as Morgan Stanley rated the sweetener maker's stock for the first time on Thursday, recommending an 'overw
Read moreDeputy Chairman at Weir Group buys first stake
13th May 2013 16:27
Weir Group's new Deputy Chairman, Charles Berry, has begun building his stake in the company just two weeks into his new role. Berry, who joined the company at the beginning of the month, purchased 2,000 shares at 2,384.93p each for a total of £47,699. On the same day Berry took up the role, the
Read moreSector movers: Engineers galvanised by industrial data
9th May 2013 15:12
Engineers Weir and IMI led a charge by the industrial engineering sector, heartened by positive news of UK industrial production. Beating expectations of a modest 0.2% gain, UK industrial production output rose by 0.7% month-on-month in March, according to the latest data out from the Office for
Read moreThursday tips round-up: Weir and Facebook
2nd May 2013 06:18
The Tempus column in The Times has given a cautiously optimistic outlook for engineering firm Weir Group despite the company reporting a weak first quarter yesterday. The paper says that, like several firms so far this year, Weir's first three months were "not that brilliant" but it assured that i
Read moreLondon midday: Stocks extend gains ahead of Fed decision
1st May 2013 11:27
The FTSE 100 was taking advantage of low volumes on Wednesday morning, registering decent gains by lunchtime as other stock markets across Europe remained closed for the May Day public holiday. A slowdown in Chinese manufacturing growth didn't have too much of an effect on markets early on as trade
Read moreLondon open: Miners shrug off disappointing Chinese data
1st May 2013 08:21
A slowdown in Chinese manufacturing growth didn't have too much of an effect on stock markets on Wednesday morning as traders showed optimism in anticipation of a continuation of monetary stimulus from the US and a rate cut in Europe this week. Nevertheless, volumes are expected to be low today giv
Read moreWeir Q1 profits slide as project progress slows
1st May 2013 07:04
First quarter revenues and profits were down at engineering giant Weir with input falling 14 per cent against the prior year's comparator, but 14 per cent higher than the preceding quarter. Weir said it saw "good underlying sequential growth" in its minerals and oil & gas divisions and that, overa
Read moreLondon midday: Markets snap four-day losing streak
18th Apr 2013 11:17
Developments in the Eurozone were supporting stocks on Thursday morning as markets rebounded to snap a four-day losing streak. However, the focus is likely to turn to the US later on as first-quarter earnings season continues to dictate sentiment. Wall Street benchmarks slumped last night after som
Read moreLondon open: Stocks edge higher early on
18th Apr 2013 08:59
UK stocks edged higher on Thursday morning, snapping a four-day losing streak, despite some weakness in the heavyweight mining sector. Things were pretty busy on the corporate news front today, with a host of companies on the FTSE 100 releasing trading updates and reports, giving investors plenty t
Read moreWeir expands ore-processing platform in mining markets
18th Apr 2013 07:13
Engineering giant Weir Group said it is expanding its presence in the mining and minerals markets through a number of agreements for crushing, grinding and screening equipment and services. The combined upfront cost of these agreements is £7m with a similar amount expected to be invested over the n
Read moreLondon close: Footsie tracks gains on Wall Street
11th Apr 2013 17:25
After a tentative start the Footsie finished the Thursday session firmly in positive territory, tracking the renewed rise in Wall Street shares to near their best levels of the day and extending its recent winning streak to a fourth day despite some steep falls in the heavyweight mining sector. Ren
Read moreFTSE 100 movers: Miners get boost from Alcoa and Chinese inflation
9th Apr 2013 14:31
Strong results from mining heavyweight Alcoa and slowing inflation in China were lifting resource stocks in London today, with ENRC, Vedanta, Rio Tinto, EVRAZ and Anglo American all making strong gains. The latter's shares were also lifted after the miner reported it would produce three per cent m
Read moreLondon close: Markets hold on to gains despite shaky start in US
8th Apr 2013 16:43
UK stocks finished moderately higher on Monday, rebounding after a heavy sell-off the previous session, with markets managing to hold on to gains despite a shaky start on Wall Street as investors turned cautious ahead of US earnings season. US benchmarks were trading slightly lower after the openin
Read moreBroker snap: BofA lifts target price for Weir Group
8th Apr 2013 15:46
Upbeat comments from Bank of America (BofA) had boosted the share price of industrial engineering firm Weir Group on Monday afternoon. Weir, a global engineering firm with nearly 200 manufacturing and service facilities around the world, was up 4.44% at 2,281p in afternoon trade after BofA highligh
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