Edition:
United States

Weir Group PLC (WEIR.L)

WEIR.L on London Stock Exchange

1,544.00GBp
19 Oct 2018
Change (% chg)

-79.00 (-4.87%)
Prev Close
1,623.00
Open
1,635.00
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1,635.00
Day's Low
1,520.00
Volume
2,178,536
Avg. Vol
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52-wk High
2,333.00
52-wk Low
1,520.00

Latest Key Developments (Source: Significant Developments)

Weir Group Updates On N.America O&G Market Conditions
Thursday, 6 Sep 2018 02:01am EDT 

Sept 6 (Reuters) - Weir Group PLC ::MARKET CONDITIONS WERE IN LINE WITH MANAGEMENT EXPECTATIONS THROUGH TO MID-AUGUST.IN LAST TWO WEEKS OF AUGUST ACTIVITY LEVELS SUPPORTING CO'S OIL & GAS AFTERMARKET BUSINESS REMAINED AS EXPECTED.CONSIDERABLE SOFTENING IN DEMAND FOR ORIGINAL EQUIPMENT AND SOME ORDER BOOK DELIVERY DEFERRALS.  Full Article

Andritz Signs Long-Term Cooperation Agreement With Weir Minerals
Wednesday, 28 Mar 2018 02:07am EDT 

March 28 (Reuters) - ANDRITZ AG ::SIGNS LONG-TERM COOPERATION AGREEMENT WITH WEIR MINERALS TO SUPPLY EQUIPMENT FOR PROCESSING TAILINGS IN THE MINING INDUSTRY.  Full Article

Weir Says FY Underlying Pretax Profit From Continuing Operations Rose 47 Pct
Wednesday, 28 Feb 2018 02:00am EST 

Feb 28 (Reuters) - Weir Group Plc ::FINAL DIVIDEND 29 PENCEPER SHARE.TOTAL DIVIDEND 44 PENCEPER SHARE.FY UNDERLYING PRETAX PROFIT FROM CONTINUING OPERATIONS ROSE 47 PERCENT TO 250 MILLION STG.IN 2018, ‍EXPECT TO DELIVER REVENUE AND PROFIT GROWTH​.FY REVENUE FROM CONTINUING OPERATIONS OF 2,356 MILLION STG VERSUS. 1,845 MILLION STG AS REPORTED A YEAR AGO.‍IN 2018, IN MINERALS, SEES MODERATE GROWTH IN CONSTANT CURRENCY REVENUES WITH SLIGHTLY HIGHER OPERATING MARGINS​.FY ORDERS FROM CONTINUING OPERATIONS OF 2,395 MILLION STG VERSUS. 1989 MILLION STG AS REPORTED A YEAR AGO.‍IN 2018, IN OIL AND GAS, SEES STRONG INCREASE IN CONSTANT CURRENCY REVENUES AND PROFITS​.FY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS OF 250 MILLION STG VERSUS 170 MILLION STG AS REPORTED A YEAR AGO.  Full Article

Weir Group gives ‍preliminary assessment of impact of US tax reform legislation
Thursday, 11 Jan 2018 02:30am EST 

Jan 11 (Reuters) - Weir Group Plc ::‍PRELIMINARY ASSESSMENT OF IMPACT OF US TAX REFORM LEGISLATION​.‍NOTES RECENTLY ENACTED TAX CUTS AND JOBS ACT (ACT), WHICH CAME INTO EFFECT ON 1 JANUARY 2018​.MEASURES INCLUDED IN ACT ARE LIKELY TO GIVE RISE TO INITIAL ONE-OFF NON-CASH TAX CREDIT IN 2017.FROM 2018 FAVOURABLE IMPACT OF HEADLINE FEDERAL RATE REDUCTION IS LIKELY TO BE LARGELY OFFSET BY GREATER RESTRICTION ON LEVEL OF INTEREST DEDUCTION ALLOWED IN US​.  Full Article

Weir says Q3 ‍oil & gas orders up 59 pct
Tuesday, 31 Oct 2017 03:00am EDT 

Oct 31 (Reuters) - Weir Group Plc ::WEIR GROUP PLC - Q3 ‍OIL & GAS ORDERS INCREASED 59% LEVERAGING DIVISION'S MARKET LEADING PRESSURE PUMPING POSITION​.WEIR GROUP PLC - ‍WE ANTICIPATE STRONG GROWTH IN FULL YEAR CONSTANT CURRENCY REVENUES AND PROFITS​.WEIR GROUP PLC - ‍Q3 ORDERS WERE 21% HIGHER THAN PRIOR YEAR PERIOD​.WEIR GROUP PLC - ‍NET DEBT AT 30 SEPTEMBER 2017 WAS HIGHER THAN THAT REPORTED AT 30 JUNE 2017 BUT IN LINE WITH NORMAL SEASONAL PATTERNS​.  Full Article

Weir appoints Mark Claffey as U.S. president of valves & controls business
Friday, 22 Sep 2017 09:52am EDT 

Sept 22 (Reuters) - WEIR GROUP PLC ::‍APPOINTMENT OF MARK CLAFFEY AS PRESIDENT OF WEIR VALVES & CONTROLS USA INC​.‍CLAFFEY HAS BEEN WITH WEIR SINCE AUGUST 2013, AND HAS MOST RECENTLY BEEN ACTING AS INTERIM PRESIDENT SINCE FEBRUARY 2017​.  Full Article

Akastor completes sale of KOP Surface Products to Weir Group
Friday, 28 Jul 2017 01:00am EDT 

July 28 (Reuters) - Akastor Asa ::Akastor completes sale of Kop Surface Products to the Weir Group Plc.All closing conditions have been fulfilled. The closing of the transaction took place on July 27, 2017 according to the terms and conditions described in the release from June 12 nASN0007QC.The transaction will generate an estimated accounting gain of approximately NOK 700 million to Akastor to be recognized in the third quarter results.  Full Article

Weir Group H1 order input up 20 pct on North America oil recovery
Thursday, 27 Jul 2017 02:00am EDT 

July 27 (Reuters) - WEIR GROUP PLC ::INTERIM DIVIDEND 15 PENCEPER SHARE.INTERIM RESULTS FOR SIX MONTHS UP TO 30 JUNE 2017.ACCELERATED RECOVERY IN NORTH AMERICAN OIL AND GAS REFLECTED IN UPDATED FULL YEAR OUTLOOK.HY ORDER INPUT AT £1,199M (2016: £1,000M) INCREASED 20% ON A CONSTANT CURRENCY BASIS PRIMARILY DUE TO STRONG UPTURN IN NORTH AMERICAN OIL AND GAS MARKETS.HY REVENUE OF £1,091M (2016: £866M) INCREASED 26% ON A REPORTED BASIS REFLECTING BOTH RECOVERY IN NORTH AMERICAN OIL & GAS.HY REVENUE UP 26 PERCENT TO £1,091 MILLION.HY DIVIDEND PER SHARE OF 15.0P.NET DEBT AT PERIOD END £869 MILLION.  Full Article

Weir sees strong FY constant currency revenue and profit growth
Monday, 17 Jul 2017 02:00am EDT 

July 17 (Reuters) - Weir Group Plc :Announces an update to its full year guidance for 2017.Updated outlook for group's full year performance is now for strong constant currency revenue and profit growth.As previously indicated, profits will be weighted to second half of year.  Full Article

Weir says upstream North American markets have recovered more strongly than anticipated​
Monday, 17 Jul 2017 02:00am EDT 

July 17 (Reuters) - Weir Group Plc :‍in recent weeks, upstream north american markets have recovered more strongly than formerly anticipated.‍updated outlook for group's full year performance is now for strong constant currency revenue and profit growth.‍Division expected to deliver low-teens oper margins through H2, sees FY revenues and oper profits above upper end of analysts' estimates.Higher levels of frack fleet utilisation and significant tightening of industry capacity are both benefiting group's oil & gas division​​.  Full Article

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U.S.-China tariffs threaten European capital goods supply chains

STOCKHOLM European capital goods companies are starting to show the strain of Washington's trade conflicts with China and other countries, as tariffs push up costs for machine parts and raw materials and threaten to worsen supply bottlenecks.