Weir sees demand pick up from subdued levels
The longer-term bid activity is improving, reflecting the positive fundamentals for mining, Weir said
Company
Weir Group PLC
LON:WEIR
The Weir Group provides support services primarily to the mining, oil & gas and power industry's and is a member of the FTSE 250.
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Oil price, President, Predator, SDX, Weir Group.
Oil rallied hard again yesterday making a two day rise of over three dollars, it started with Trump beating the virus and carried through the Norwegian oil and gas strike which has now taken 6 fields off-line some 330/- b/d, 8% of that coun
Weir Group a ‘buy’ again for Deutsche Bank, Shore Capital after oil & gas exit
Analysts welcomed the focus on the mining sector, exposing the engineer to limited cyclicality
Weir Group no longer distracted by volatile oil & gas division, analysts say
The market welcomed the sale so now the engineer can focus on the mining sector
Weir Group to exit oil & gas division in US$405mln deal
The firm will become a pure-play mining equipment business
Weir refinances bank facilities, says mining markets robust despite pandemic disruption
The engineering firm also said its oil and gas division had experienced a “significant step-down” in North American activity levels, although the business was still expected to be cash generative in the full year
Weir Group confirms slump in oil and gas orders
“While there remains a high degree of uncertainty over the full impact of Covid-19, we are taking a prudent approach to managing costs and conserving cash," said chief executive Jon Stanton.
Weir scraps dividend and guidance as coronavirus disrupts operations
The engineering firm said an oil price crash in March and the escalation of the pandemic meant the external environment had “changed rapidly” for its business
Weir Group shares downgraded by Deutsche, which cites US oil and gas exposure
In a note reviewing its calls on the capital goods sector it moved to ‘hold’ from ‘buy’
Weir Group shares rise as engineer eyes oil and gas exit “at right time”
Weir reported a US$379mln loss amid a US$546mln impairment to its oil and gas division.
Weir’s woes signal the end for the US shale boom
A profit warning from the oilfield services group on Tuesday seemed to corroborate other evidence that an almost decade-long boom in oil project investment could be over
Weir Group lowers full-year guidance for its oil & gas businesses following tough third quarter
"The main takeaway from Weir's Q3 IMS is another big cut to Oil & Gas guidance," said Liberum Capital Markets.
Weir hit by UBS downgrade ahead of tough year
The broker said the global mining sector is suffering low raw material prices and tough comparative in an uncertain macroeconomic scenario
Weir Group shares pump higher as it secures biggest ever order worth £100mln
Weir is supplying crushing and pump equipment to a big magnetite iron ore project in Australia
Hardware & electrical equipment
Weir Group slides after tough first half
Weir said its large bore simplified frack system and its new QEM 5000 frack pump are well-positioned to support the development of future electric frack fleets.
Weir not worth buying as US onshore spending budgets seen staying put, says Liberum
“With such a volatile backdrop, it is unlikely shale operators will have the confidence to increase capex budgets in the near future even if the oil price continues to recover towards US$60”
Immedia picks up the pace as it swings to profit in 2018
The marketing firm reported a pre-tax profit for the year ended 31 December of £106,204, swinging from a £693,268 loss in 2017, while revenues jumped to £4.7mln from £3.5mln
Weir Group falls as weak oil and gas markets hit first-quarter orders
Total orders were up 18% in the first quarter but excluding the impact of the recently-acquired ESCO, underlying demand fell 7% due to a drop-off in orders from oil and gas companies
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FTSE 100 closes in red as China manufacturing data sends chill
The UK's premier share index shed over 22 points at 7,418, while the FTSE 250 shed over 86 points at 19,824
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Impressive first quarter performance needed from oil giant BP after recent share price rally
The Day Ahead also brings updates from the likes of blue-chip lender Standard Chartered, Premier Inn owner Whitbread and pubs group Greene King