Weir 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 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 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 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 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 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
Read moreLondon midday: Footsie stays strong
26th Apr 2010 12:19
Strength in the mining sector on the back of higher metals prices has given Footsie a lift. Xstrata, Antofagasta and ENRC are going well while Kazakhmys is also wanted after it sold a 49% stake in its copper project Aktogay to Chinese company Jinchuan Group for $120m. Kazakhmys said the estimated
Read moreLondon open: Miners lift Footsie
26th Apr 2010 08:25
Mining stocks give London an early boost as metal prices make headway while a batch of upbeat trading statements has also boosted sentiment. Xstrata, Antofagasta and ENRC are the top risers in the mining sector while Kazakhmys is also wanted after it sold a 49% stake in its copper project Aktogay
Read moreLondon pre-open: Solid start in store
26th Apr 2010 07:40
After the Dow Jones 30 closed at an 18-month high on Friday optimism is the watchword in London at the start of the week, with traders expecting the blue-chip index will open almost 50 points higher. Two companies have upgraded profits guidance today. Carphone Warehouse has upgraded its earnings ex
Read moreWeir Group profits to beat expectations
26th Apr 2010 07:06
Engineer Weir Group expects profits for the first half to be ahead of expectations after a strong first quarter. Overall order input is up by 16% from the same period a year ago, said the company, which makes pumps and valves for firms such as the aluminium producer Alcoa and the aero-engineer Roll
Read moreLiontrust executives buy following trading update
25th Mar 2010 16:54
Liontrust Asset Management's two executive directors have added to their shareholdings following the release of a trading statement for the year to March 2010. Chief executive Nigel Legge and chief operating officer and finance director Vinay Abrol each bought 180,039 shares at 105p a share. Legge
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