Page 10 - Jon Stanton News Today

Weir has secured mining technlogy deal in Ukraine By Scott Wright WEIR Group has reported an 11 per cent rise in orders from continuing operations for the first quarter amid improving conditions in the mining and infrastructure markets, supported by “near-record” commodity prices. Glasgow-based Weir, which provides equipment to the global mining industry, flagged an encouraging start to the year after profits were hit in 2020 by the impact on activity from coronavirus. Weir’s pre-ta...

29 April 2021 | 08:18am StockMarketWire.com - Weir Group expects to deliver growth in line with current market expectations as it confirms an 11% increase in group orders in Q1 as mining and infrastructure markets continue to strengthen. The company saw a 67% increase in original equipment orders, with a strong project pipeline, although aftermarket orders were down 2% on the back of residual Covid disruption to ore production. It has a £36million Q1 order for energy-saving High Pressure Gri...

(0) LONDON (dpa-AFX) - Weir Group (WEIR.L) reported a 11% growth in Group orders from continuing operations, with 67% increase in original equipment or OE orders with project pipeline strength continuing. Aftermarket or AM orders were down 2% reflecting residual Covid disruption to ore production. Looking ahead, the company continues to expect to deliver growth in full year constant currency profits in line with current market expectations. Jon Stanton, Chief Executive, said, The Group has had ...

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*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any natio...

Weir Group reports stable revenues despite Covid-19 disruption Chief executive says the group delivered a "highly resilient performance in what was an extraordinary year" Updated Sign up to FREE email alerts from businessInsider - Subscribe When you subscribe we will use the information you provide to send you these newsletters. Your information will be used in accordance with ourPrivacy Notice. Thank you for subscribingWe have more newslettersShow meSee ourprivacy notice Weir Group has manag...

SHARE February 9, 2021 Caterpillar has completed its acquisition of the Oil & Gas Division (“Weir Oil & Gas”) of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, SPM Oil & Gas will continue to produce a full line of pumps, flow iron, consumable parts, wellhead and pressure control products that are offered via an extensive global network of service centers.    “Combining Weir Oil & Gas’ pressure...

Jon Stanton, chief executive, Weir Group WEIR Group has completed the sale of its oil and gas business. The Glasgow engineering giant has sold the loss-making division to Caterpillar Inc of the US in a deal worth $405 million (£314m). The deal was first announced in October and approved by Weir shareholders on November 23. Weir had put the divisin, which employs around 2,000 people, up for sale in February last year, after it was hit heavily by the downturn in the US shale market. The...

Press release content from PR Newswire. The AP news staff was not involved in its creation. Caterpillar Acquires Weir Oil & Gas, Launches SPM Oil & Gas February 2, 2021 GMT DEERFIELD, Ill., Feb. 2, 2021 /PRNewswire/ -- Caterpillar Inc. (NYSE:CAT) has completed its acquisition of the Oil & Gas Division (“Weir Oil & Gas”) of the Weir Group PLC, a Scotland-based global engineering business. Headquartered near Fort Worth, Texas, SPM Oil & Gas will continue to produce a full line of pumps, flow ...

Weir Group Completes Sale Of Oil & Gas Division To Caterpillar For $405 Mln LONDON (dpa-AFX) - Weir Group PLC (WEIR.L) said it completed the sale of its Oil & Gas division to Caterpillar Inc. for an enterprise value of $405 million. The sale, which is subject to customary working capital and debt-like adjustments, was first announced on October 5, 2020 and approved by Weir Shareholders on November 23, 2020. Further, the company stated that the cash proceeds from the sale of the division, subje...