Weir Group raises forecast on mining and oil company demand

first_img whatsapp Engineering company Weir Group said it expected full-year profits to be slightly ahead of its previous forecast, boosted by higher demand from oil and mining companies for equipment and maintenance.Weir, a maker of pumps and valves for the mining, oil and gas and power generation industries said on Monday orders for equipment rose 44 per cent in the 39 weeks to the beginning of October, compared to a rise of 28 per cent in the first half of the year.The company, which joined Britain’s FTSE 100 index of companies in September, said its minerals and oil and gas divisions performed strongly in the 39 week period, offsetting a weakness in demand from customers in the power and industrials sector.Weir said it was confident of a strong order book going into 2011 after a surge in orders from oil and gas companies particularly those active in oil and liquid shale in North America. Weir Group raises forecast on mining and oil company demand Show Comments ▼ Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Sharecenter_img John Dunne Monday 1 November 2010 4:28 am whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyDiscovery23+ Sports Stadiums Around the World That Are Abandoned NowDiscoverySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Tags: NULLlast_img

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