Jon Stanton named Weir's new FD
11th Jan 2010 08:01
Engineering group Weir announced the appointment of Jon Stanton as its new finance director. Stanton, who joins from Ernst & Young where he has worked since 1988, will join in the Spring following completion of existing client commitments. 'I am delighted to welcome Jon to the board where his fi
Read moreLondon close: Footsie down but above 5,000
3rd Nov 2009 16:24
London's blue chips ended off session lows and back above the 5,000 level, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remained resolutely out of favour, however, as the market reacted negatively to the revised terms of its part
Read moreLondon afternoon: Market licking its wounds
3rd Nov 2009 14:11
The FTSE 100 index clawed its way back above the 5,000 level over the lunch-time session, helped by positive reaction to announcements from Lloyds Banking and Legal & General. Royal Bank of Scotland (RBS) remains resolutely out of favour, however, as the market reacted negatively to the revised ter
Read moreLondon midday: Retreat turns into a rout
3rd Nov 2009 12:08
The list of FTSE 100 constituents is bereft of risers, as stocks move swiftly into reverse while the market digests developments relating to the part-nationalised UK banks. The government is injecting another £25.5bn into Royal Bank of Scotland (RBS), with a further £8bn available if things get wo
Read moreWeir sees profit at upper end of forecasts
3rd Nov 2009 07:51
Engineering group Weir said it expects fourth quarter profit to come in at the upper end of market expectations after a strong third quarter performance. The group, which supplies engineering services to the mining and oil & gas industries, said cost cuts and the weaker pound helped trading in the
Read moreBroker tips: Burberry, Weir Group, Aggreko
15th Oct 2009 12:00
Luxury fashion group Burberry has enjoyed an excellent run since joining the ranks of the FTSE 100 and its good fortune continues today after JP Morgan raised its target price on the group. After yesterday's well-received trading update, in which Burberry reported a better-than-expected 5% rise in
Read moreBroker snap: Mining revival a boon for Weir Group
15th Oct 2009 11:38
Broker Panmure Gordon has been casting its eye over some positive developments in the global mining sector and concludes that Weir Group, which supplies engineering services to the mining and oil & gas industries, ought to be one of the beneficiaries. Among the positive signs have been yesterday's
Read moreThursday tips round-up: Weir, Hilton Food, De La Rue
17th Sep 2009 06:11
Capital expenditure by miners shows signs of picking up, leaving Weir's onshore US gas activities as its biggest weakness. But at 678p, down 20p, or 15 times next year's earnings, this is no time to sell out. A solid hold, according to the Times. Hilton Food's shares are trading on a December 2009
Read moreLondon close: Footsie nears 52-week high
16th Sep 2009 17:03
London raced ahead today, with the FTSE 100 crashing through the 5100 barrier near to a 12-month high, though it stopped short of racking up a triple-digit rise. Mining stocks were responsible for a large proportion of the index's rise as metals prices headed north following comments from Federal
Read moreLondon afternoon: Footsie consolidates gains
16th Sep 2009 14:30
The number of FTSE 100 constituents in the red today is in single figures as investors chase up share prices in the wake of relatively upbeat comments from Federal Reserve Chairman Ben Bernanke last night. Bernanke said the US recession 'is very likely over at this point,' prompting an advance by gl
Read moreFTSE 250 movers: Dunelm gives back gains
16th Sep 2009 12:32
Shares in Dunelm Group give back some of the strong gains they posted yesterday when the homewares retailer said it had seen a big rise in sales in the early part of the new financial year. Carpet group Carpetright is also lower, adding to recent losses. Weir Group is lower after the engineer anno
Read moreLondon midday: Footsie breaks through 5100
16th Sep 2009 11:58
Leading shares rose steadily throughout the morning session pushing the FTSE 100 index through the 5100 barrier. Mining stocks are responsible for much of the rise as metals prices head north after Federal Reserve Chairman Ben Bernanke said the US recession 'is very likely over at this point' in a s
Read moreLondon open: Bright start for Footsie
16th Sep 2009 08:42
London's blue chips have made a strong start following on from Wall St's rise after US Fed chief Ben Bernanke called the US recession over. Miners are pushing on in sympathy with Bernanke's comments led by the majors Xstrata, Rio Tinto and Anglo American. Tullow Oil is the best performer after the
Read moreLondon pre-open: Higher start expected
16th Sep 2009 07:46
Shares are expected to open higher in early dealings, with the FTSE 100 edging further above the 5,000 point mark. Fashion retailer Next enjoyed better than expected progress in the first half, but kept its 'conservative' forecasts for second half like for like sales unchanged. Pre-tax profit for t
Read moreWeir Group loses chief executive
16th Sep 2009 07:19
Mark Selway, chief executive of the engineering group Weir, is to leave the company to take up a position with Australian building materials supplier Boral. He will be replaced by Keith Cochrane, currently finance director of Weir. Cochrane, who joined Weir in 2006, is a former finance boss of ener
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