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Weir Group PLC

WEIR.L

Latest Trade

789.60GBp

Change

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Today's Range

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52 Week Range

608.60

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1,819.72

As of on the London Stock Exchange (LON) ∙ Minimum 15 minute delay

Latest Developments

Weir Trading In Jan, Feb In Line With Expectations Across Divisions

March 26 (Reuters) - Weir Group PLC <WEIR.L>::WEIR GROUP PLC - TRADING UPDATE AND IMPACT OF COVID-19.WEIR GROUP PLC - IN CHINA WHERE OUR THREE FACILITIES ENDURED A FORCED SHUT-DOWN IN EARLY FEBRUARY WE ARE NOW BACK TO FULL OPERATING CAPACITY.WEIR GROUP PLC - IN RECENT DAYS WE HAVE SEEN INCREASING INTERRUPTION AT SOME OF OUR OTHER OPERATIONS.WEIR GROUP PLC - TRADING IN JANUARY AND FEBRUARY WAS IN LINE WITH OUR EXPECTATIONS ACROSS EACH OF OUR DIVISIONS..WEIR GROUP PLC - IN MINERALS AND ESCO, OVERALL AFTERMARKET DEMAND IN OUR MAIN MINING MARKETS HAS REMAINED ROBUST SO FAR,.WEIR GROUP PLC - OIL & GAS HAS SEEN NORTH AMERICAN ORDER ACTIVITY START TO SLOW AS A RESULT OF LOWER OIL PRICES AND WIDESPREAD REDUCTIONS IN E&P CAPEX.WEIR GROUP PLC - OUR 2020 GUIDANCE ISSUED ON 26 FEBRUARY IS NOW WITHDRAWN.WEIR GROUP PLC - TAKEN DECISION TO WITHDRAW ITS RECOMMENDATION TO PAY A 2019 FINAL DIVIDEND..WEIR GROUP PLC - AS IN PRIOR DOWNTURNS, WE EXPECT BUSINESS TO CONTINUE TO BE HIGHLY CASH GENERATIVE.WEIR GROUP PLC - GROUP'S LEVERAGE AT 31 DECEMBER 2019 WAS 2.4 TIMES NET DEBT TO EBITDA, AGAINST A FINANCIAL COVENANT OF 3.5 TIMES..

Weir Group Says Charles Berry Continues His Leave Of Absence On Health Grounds From Board Of Weir

March 17 (Reuters) - Weir Group PLC <WEIR.L>::INFORMED THAT CHAIRMAN CHARLES BERRY HAS STEPPED DOWN FROM BOARD OF CENTRICA PLC..CHARLES CONTINUES HIS LEAVE OF ABSENCE ON HEALTH GROUNDS FROM BOARD OF WEIR.CURRENTLY ANTICIPATE GETTING CHARLES BACK TO WEIR WITHIN NEXT FEW WEEKS.

Weir Group 2019 op profit up 1%, takes 546 mln stg oil & gas impairment

Feb 26 (Reuters) - Weir Group PLC <WEIR.L>::FINAL RESULTS.MINERALS REVENUES(5) +4%; MARGIN(3) UP 50BPS TO 18.3% SUPPORTED BY FAVOURABLE PRODUCT MIX.ESCO PRO FORMA(2) REVENUES(5) +4%; MARGIN(3) UP 340BPS SINCE ACQUISITION TO 14.5%.50% REDUCTION IN WEIR CO2E(7) BY 2030.35M ANNUALISED COST SAVINGS DELIVERED IN RESPONSE TO NORTH AMERICAN OIL AND GAS DOWNTURN.OIL & GAS REVENUES(5) -25%; H2 MODESTLY PROFITABLE SUPPORTED BY COST REDUCTIONS.£546M OIL & GAS IMPAIRMENT REFLECTING ONGOING MARKET DYNAMICS.£126M H2 WORKING CAPITAL INFLOW: NET DEBT/EBITDA 2.4X.2020 OUTLOOK: MINERALS AND ESCO CONSTANT CURRENCY OPERATING PROFIT GROWTH OFFSET BY O&G(8).NORTH AMERICAN OIL AND GAS MARKET CONDITIONS DETERIORATED SIGNIFICANTLY THROUGH YEAR AND WE UNDERTOOK A MAJOR COST REDUCTION PROGRAMME IN RESPONSE.CEO - WHILE LONG-TERM PROSPECTS FOR SHALE REMAIN POSITIVE, CURRENT MARKET DYNAMICS MEAN IT NOW HAS A VERY DIFFERENT INVESTMENT CASE TO OUR PREMIUM MINING TECHNOLOGY POSITIONS.WE ARE THEREFORE TAKING ACTIONS SO THAT WE CAN MAXIMISE VALUE FOR SHAREHOLDERS WHENEVER RIGHT OPPORTUNITY IS IDENTIFIED.CEO- LOOKING TO YEAR AHEAD, THERE IS UNCERTAINTY OVER IMPACT OF CORONAVIRUS (COVID-19) ON GLOBAL ECONOMY AND DEMAND FOR NATURAL RESOURCES.BOARD IS RECOMMENDING A FINAL DIVIDEND OF 30.45P, RESULTING IN A TOTAL DIVIDEND OF 46.95P FOR YEAR.OPERATING PROFIT 2019 £352M, UP 1%.

Black Creek Investment Management Discloses 3.14% Stake As Of Nov 12 In Weir Group - Filing

Nov 14 (Reuters) - Weir Group PLC <WEIR.L>::BLACK CREEK INVESTMENT MANAGEMENT DISCLOSES 3.14% STAKE AS OF NOV 12 IN WEIR GROUP - FILING.

Weir Group Sees FY Oper. Profits In Oil & Gas Unit Below Previous Range

Nov 5 (Reuters) - Weir Group PLC <WEIR.L>::WEIR GROUP PLC - INTERIM MANAGEMENT STATEMENT.WEIR GROUP PLC - NO CHANGE TO FULL YEAR GUIDANCE FOR MINERALS OR ESCO DIVISIONS.WEIR GROUP PLC - NO CHANGE TO FULL YEAR GUIDANCE FOR MINERALS OR ESCO DIVISIONS.WEIR GROUP SEES 2019 FY OPERATING PROFITS IN OIL & GAS DIVISION TO BE BELOW PREVIOUS RANGE WITH GUIDANCE FOR BOTH MINERALS & ESCO DIVISIONS UNCHANGED.WEIR GROUP - Q3 ORDERS FROM CONTINUING OPERATIONS +4% AND WERE FLAT ON A LIKE-FOR-LIKE BASIS.WEIR GROUP - DUE TO LOWER VOLUMES IN NORTH AMERICA, DIVISION WAS ONLY MODERATELY PROFITABLE IN Q3 AND IS ANTICIPATED TO BE SEQUENTIALLY LOWER IN Q4.WEIR GROUP - FURTHER MARGIN PROGRESSION EXPECTED SUPPORTED BY ONGOING OF COST AND REVENUE SYNERGIES AND OPERATIONAL IMPROVEMENTS IN FULL YEAR.

Weir Group Says Awarded 100 Mln Pounds Order Relating To Iron Bridge Magnetite Project

Sept 6 (Reuters) - Weir Group Plc <WEIR.L>::WEIR WINS RECORD £100M ORDER - AUSTRALIA.AWARDED A £100M ORDER TO PROVIDE INDUSTRY-LEADING ENERGY SAVING SOLUTIONS TO IRON BRIDGE MAGNETITE PROJECT.DELIVERY OF FIRST ORE IS EXPECTED IN 2022.

Maverick Capital Discloses 5.15% Stake In Weir Group As Of Aug 05

Aug 7 (Reuters) - Weir Group PLC <WEIR.L>::MAVERICK CAPITAL LTD DISCLOSES 5.15% STAKE IN WEIR GROUP PLC AS OF AUG 05 VERSUS PRIOR STAKE OF 4.01%- FILING.

Weir Group HY Revenue From Cont Ops £1,329M Vs. £1,065M Last Year

July 30 (Reuters) - Weir Group PLC <WEIR.L>::WEIR GROUP PLC SAYS HY ORDERS FROM CONTINUING OPERATIONS £1,420M VERSUS £1,211M LAST YEAR.WEIR GROUP PLC SAYS HY REVENUE FROM CONTINUING OPERATIONS £1,329M VERSUS £1,065M LAST YEAR.WEIR GROUP PLC SAYS HY OPERATING PROFIT FROM CONTINUING OPERATIONS £172M VERSUS. £164M LAST YEAR.WEIR GROUP PLC SAYS HY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS £147M VERSUS. £147M LAST YEAR.WEIR GROUP PLC FY OIL & GAS OPERATING PROFIT NOW EXPECTED TO BE TOWARD THE LOWER END OF ITS PREVIOUS £55M-£95M RANGE.WEIR GROUP PLC SAYS BOARD HAS APPROVED AN INTERIM DIVIDEND OF 16.50P.

Weir Group Says FY Constant Currency Rev & Profit Expectations Unchanged

April 30 (Reuters) - Weir Group PLC <WEIR.L>::INTERIM MANAGEMENT STATEMENT.Q1 ORDERS FROM CONTINUING OPERATIONS INCREASED 18% INCLUDING ESCO.Q1 PERFORMANCE IN LINE WITH EXPECTATIONS.QTRLY ESCO ORDERS +5% ON PRO FORMA REPORTED BASIS.QTRLY FULL-YEAR CONSTANT CURRENCY REVENUE AND PROFIT EXPECTATIONS UNCHANGED.Q1 MINERALS ORDERS +3%; AFTERMARKET +9% WITH STRONG ORIGINAL EQUIPMENT PROJECT PIPELINE.Q1 ESCO ORDERS +5% ON PRO FORMA REPORTED BASIS.UNDERLYING AFTERMARKET PERFORMING IN LINE WITH EXPECTATIONS IN Q1.REDUCED REFURBISHMENT AND REPLACEMENT ACTIVITY RELATIVE TO STRONG 2018 COMPARATIVE IN Q1.FULL-YEAR CONSTANT CURRENCY REVENUE AND PROFIT EXPECTATIONS UNCHANGED.OIL AND GAS MARKETS WERE AT SIMILAR LEVELS TO LATE 2018 AS A RESULT OF CAPITAL AND PIPELINE CAPACITY CONSTRAINTS IN NORTH AMERICA.NET DEBT AT 31 MARCH 2019, EXCLUDING IMPACT FROM IFRS16 LEASE LIABILITY OBLIGATIONS OF C. £200M.

Weir Group Says FY Profit Before Tax From Cont Ops £310 Mln

Feb 27 (Reuters) - Weir Group PLC <WEIR.L>::FY REVENUE FROM CONTINUING OPERATIONS £2,450M VERSUS £2,356M REPORTED LAST YEAR.FY OPERATING PROFIT ON A LIKE-FOR-LIKE BASIS UP 13%.FY PROFIT BEFORE TAX FROM CONTINUING OPERATIONS £310M VERSUS £255M.2019 OUTLOOK: "ANOTHER YEAR OF GOOD CONSTANT CURRENCY REVENUE AND PROFIT GROWTH".CURRENTLY EXPECT MINING AND INFRASTRUCTURE MARKETS TO CONTINUE TO BENEFIT FROM POSITIVE INDUSTRY FUNDAMENTALS.IN 2019 EXPECT DIVISION TO DELIVER BROADLY STABLE OPERATING MARGINS.RECOMMENDING A FINAL DIVIDEND OF 30.45P.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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