MARKET TALK: Weir Acquisition Complementary - Altium
14th Jun 2010 07:56
0656 GMT [Dow Jones] Weir Group's (WEIR.LN) acquistion of Malaysia-based Linatex "is clearly a complementary acquisition for the group but would appear to be earnings-dilutive in the current year," says Altium Securities. It notes the company's surprise update shows trading has been stronger than ex
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 07:56
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0656 GMT [Dow Jones] Weir Group's (WEIR.LN) acquistion of Malaysia-based Linatex "is clearly a complementary acquisition for
Read moreMARKET 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 expectat
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
14th Jun 2010 07:51
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0651 GMT [Dow Jones] Weir Group's (WEIR.LN) acquisition of the Linatex group of companies looks good, and is "just what we wa
Read moreCORRECT: Weir Group Buys Malaysia-Based Linatex For $200M
14th Jun 2010 07:45
("Weir Group Buys Malaysia-Based Linatex For $200M >WEIR.LN," published at 0619 GMT, the final two paragraphs were merged, with some words missing. The correct version follows:) LONDON (Dow Jones)--Weir Group PLC (WEIR.LN), a British engineering company, said Monday it has agreed to acquire th
Read moreWeir to buy Linatex, orders surge 25%
14th Jun 2010 07:38
Engineering group Weir confirmed it will acquire Kuala Lumpur based Linatex for £138m as it expands its global reach. Linatex, which provides wear-resistant products to the mining and sand industries, fits into its strategy of growing its global capability, Weir said. Around £119m will be payable
Read moreWeir Group Sees 1H Pre-Items Profit Around GBP140M >WEIR.LN
14th Jun 2010 07:24
LONDON (Dow Jones)--Weir Group PLC (WEIR.LN) said Monday it expects profit before intangibles amortization and tax for the 26 weeks ending July 2 to be around GBP140 million after positive foreign exchange translation, and stronger than expected trading continued to exceed expectations. MAIN FAC
Read moreWeir Group Plc Acquisition
14th Jun 2010 07:00
TIDMWEIR RNS Number : 5220N Weir Group PLC 14 June 2010 ? The Weir Group PLC 14 June 2010 Acquisition of Malaysia-based Linatex for US$200m (GBP138m)1 The Weir Group PLC ("Weir") has agreed to acquire the Linatex group of companies ("Linatex"), a global provider of wear-resistant products to t
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
9th Jun 2010 07:44
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0644 GMT [Dow Jones] Goldman Sachs adjusts ratings on UK capital goods stocks in its latest sector review, upgrading Weir Gro
Read moreMARKET TALK: Goldman Upgrades Weir, Cuts Bodycote
9th Jun 2010 07:44
0644 GMT [Dow Jones] Goldman Sachs adjusts ratings on UK capital goods stocks in its latest sector review, upgrading Weir Group (WEIR.LN) to buy from neutral, but cutting Bodycote (BOY.LN) and Morgan Crucible (MGCR.LN), both to neutral from buy. Says while macroeconomic uncertainty remains, we belie
Read moreMARKET TALK: Goldman Sachs Upgrades Weir Group To Buy
8th Jun 2010 08:00
0700 GMT [Dow Jones] Goldman Sachs upgrades Weir Group (WEIR.LN) to buy from neutral and lifts the price target to 1447p from 1070p. Says Weir offers attractive exposure to the mining and minerals industries and gas and power generation sectors. Says this should allow the company to enjoy above ave
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
8th Jun 2010 08:00
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0700 GMT [Dow Jones] Goldman Sachs upgrades Weir Group (WEIR.LN) to buy from neutral and lifts the price target to 1447p fro
Read moreLondon close: Footsie keeps lead
26th Apr 2010 16:34
Stocks built on Friday's gains as investors piled into miners and high street banks, although the leading index finished toward the bottom of the session's range. An increase in metal prices proved attractive, with Chile-focused copper giant Antofagasta the pick of the bunch. Kazakhmys was also wa
Read moreLondon afternoon: RBS shakes off 'sell' note
26th Apr 2010 14:11
The Footsie moved sideways over the lunch time session, with the blue chip index remaining buoyed by the strength of miners and banks. Kazakhmys is wanted after it sold a 49% stake in its copper project Aktogay to Chinese company Jinchuan Group for $120m. Kazakhmys said the estimated development c
Read moreFTSE 250 movers: Chloride surges on takeover approach
26th Apr 2010 13:37
Shares in Chloride have reacted with rise of more than 40% to the news that the power peripherals supplier has rejected an indicative cash bid approach from US rival Emerson worth 275p per share and £723m in total. Weir Group is posting more modest but impressive all the same gains after the engine
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