Proactiveinvestors recommends
Additional Information
Market: LSE
Sector: Engineering
EPIC: WEIR
Latest Price: 2,007.00p  (-2.07% Descending)
52-week High: 2,254.00p
52-week Low: 946.00p
Market Cap: 4,241.64M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Weir Group
www.weir.co.uk

The Weir Group provides support services primarily to the mining, oil & gas and power industry's and is a member of the FTSE 250.

Full Weir Group profile here
Pdf

Weir Group says enters 2009 in a ‘good position’ after strong Q4

8th Jan 2009, 11:05 am Weir Group says enters 2009 in a ‘good position’ after strong Q4

The Weir Group PLC said it continued to perform well in the final quarter to December 26 2009, in particular lifted by the strengthening of the US dollar against sterling, and it enters 2009 in a good position.


The company said it grew input, revenue and profit on a constant currency basis in the quarter compared to the equivalent prior year period.


In a trading update covering the 52 weeks to December 26, it said that as a result of its good performance  in the  year and the foreign currency translation benefits  it expect  the full-year  pretax profit from continuing operations  before  amortisation  and exceptional items  to increase  to around £174 million.


Net debt at December 31 2008 is expected to be lower than the half-year figure of £261.7 million, it added.
Weir provides engineering services to the oil and gas, mining and power industries.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.