Popular News From Popular Sites: Weir Group profits declines, orders up 10 percent

Thursday, July 31, 2014

Weir Group profits declines, orders up 10 percent

LONDON (Reuters) - British engineering firm Weir Group on Thursday reported a six percent fall in first-half profits due to adverse foreign exchange conditions. Weir saw 10 percent growth in orders to 1.24 billion pounds. Earnings per share fell 8 percent to 61.4 pence while its share dividend rose 70 percent to 15 pence which will represent around one third of its full year dividend. Input from Weir's oil and gas division, which has a strong position in U.S. shale, grew by 40 percent to 499 million pounds. ... Read More http://ift.tt/1xDeYKo

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