Search Results for weir

Abrdn and Weir Group return to FTSE 100

FTSE Russell has confirmed that Edinburgh-based investment giant Abrdn and Glasgow-based global engineering and mining group Weir Group, two of Scotland’s biggest companies,  will return…


Abrdn and Weir set for return to the FTSE 100

Edinburgh-based investment giant Abrdn and Glasgow-based global engineering and mining group Weir Group, two of Scotland’s biggest companies and employers, are currently strong contenders to return to…






Weir Group appoints new directors

Glasgow-based global engineering and mining giant Weir Group said on Friday that Nicola Brewer and Tracey Kerr joined its board as independent non-executive directors with effect from…



Weir secures $800m credit facility with banks

Glasgow-based global engineering and mining giant Weir Group announced it successfully completed the refinancing of its main banking facility with a syndicate of 11 global banks. The…


Weir buys Canada’s Carriere Industrial Supply

Glasgow-based global engineering and mining giant Weir Group announced it has completed the acquisition of Carriere Industrial Supply Limited (CIS), a manufacturer and distributor of highly engineered…




Weir buys AI mining tech firm Motion Metrics

Glasgow-based global engineering and mining giant Weir Group said on Friday it has agreed to acquire Motion Metrics, a Canada-based global mining technology business, for an initial…





Weir prices $800m syndicated bond offering

Glasgow-based global engineering and mining giant Weir Group announced on Friday it has completed its first ever syndicated bond deal as it priced the offering of $800 million…


Weir orders up 11%, boosted by Ukraine deal

Shares of Glasgow-based global engineering and mining giant Weir Group edged 1% higher on Thursday after it published a trading update for the first quarter ending March…








Weir Group beefs up board with two new directors

Glasgow-based mining and engineering giant Weir Group announced on Monday that Srinivasan Venkatakrishnan and Ben Magara will join its board as non-executive directors on January 19, 2021….
















Weir shares slide as orders fall in oil and gas

Shares of Glasgow-based engineering giant Weir Group fell 4% on Tuesday after it said its first-quarter orders — excluding recent acquisition ESCO –fell 7% “reflecting reduced…







Weir Group completes $1.3bn ESCO acquisition

Glasgow-based engineering giant Weir Group said on Thursday it completed the acquisition of Portland, Oregon-based ESCO Corporation for an estimated enterprise value of $1.28 billion. Weir’s main markets…






Weir shares soar on North American recovery

Shares of Glasgow-based engineering giant Weir Group rose more than 7% after it gave an update to its 2017 outlook that “reflects accelerated recovery in North American oil…


Weir Group to buy Singapore’s KOP for $114m

Glasgow-based engineering giant Weir Group said it agreed to acquire Singapore-headquartered oil and gas technology firm KOP Surface Products from Norwegian-listed Akastor ASA for about $114m…


Weir Group oil and gas orders up 50%

UPDATE 1 — Glasgow-based engineering giant Weir Group said its oil and gas orders rose 50% in the first quarter driven by significant growth in North…



Paradis joins Weir Group executive

Glasgow-based engineering giant Weir Group said it appointed David Paradis to its group executive as division president of Weir Flow Control, effective January 23. Paradis succeeds John…



Weir appoints Heasley as chief financial officer

Glasgow-based engineering company Weir Group appointed John Heasley as chief financial officer with immediate effect. Heasley succeeds Jon Stanton who was appointed Weir Group chief executive on…



Stanton to succeed Cochrane at Weir Group

Glasgow-based engineering firm Weir Group said Keith Cochrane will step down as chief executive after 10 years on the board. Finance director Jon Stanton will succeed Cochrane on October…


Chief operating officer Jenkins to leave Weir

Glasgow-based engineering firm Weir Group said chief operating officer Dean Jenkins would step down from its board on September 30 and his employment with the group will cease on December 31….


Weir sells businesses for £36.7m; orders down

Glasgow-based engineering firm Weir Group said it is selling two renewables focused businesses — American Hydro Corporation and Ynfiniti Engineering Services — for up to £36.7 million….


Weir shareholders reject directors’ pay deal

Shareholders of Glasgow-based engineering firm Weir Group on Thursday voted down the company’s proposals on directors’ pay packages. Weir shareholders voted 72.4% against two resolutions on directors’…


Cost cutting helps Weir profits; shares up 8%

Glasgow-based engineering firm Weir Group said on Thursday its strong cost reduction measures helped it deliver first quarter profits slightly ahead of expectations, despite a significant reduction in…





AMTE Power hires Alan Hollis as new CEO

Thurso-based battery cell developer AMTE Power plc said on Tuesday that Alan Hollis has been appointed to its board and will become CEO “on or around”…