Weir Group PLC WEIR

Latest Morningstar Commentary
DateAuthor Headline
27/02/2013Alanna Petroff Weir Group Leads FTSE 100 Forward
WEDNESDAY MARKET UPDATE: Shares in Weir Group rallied by 7.5% after the engineering company reporting better-than-expected earnings results
12/11/2012Fundamental Tracker Investment Management Scottish Index Tracker: Lumpy and Bumpy
Would a passive fund tracking Scottish companies represent an attractive investment proposition? Probably not...
Regulatory News Abstract
DateType Story
01/05/2013Non-Exec Director Change Charles Berry Changes roles
Charles Berry, non-executive director, has been appointed as non-executive Deputy Chairman with immediate effect
01/05/2013Business Event Result of AGM
At the company's AGM held on 1 May 2013, all resolutions including special resolutions to authorise the directors to allot equity securities for cash, to authorise the company to make market purchase of its own Ords, and that a General Meeting, other than an AGM, may be called on not less than 14 clear days' notice, were duly passed
01/05/2013Non-Exec Director Change Robert Smith of Kelvin leaves board
Robert Smith of Kelvin, non-executive director, will step down from the board with effect from 31 December 2013
01/05/2013Non-Exec Director Change Charles Berry Changes roles
Charles Berry, non-executive Deputy Chairman, will be appointed as non-executive Chairman with effect from 01 January 2014
26/04/2013Adviser Change Change of Financial PR Adviser
The company's Financial PR Adviser has been changed from Maitland to Brunswick Group LLP
18/04/2013Disposal Agreement to sell cone crushers
The company has entered into an agreement to sell Minyu Machinery Corporation's existing range of cone crushers to the company minerals' customers. This distribution agreement comes into effect immediately. The two parties have also formed a joint venture, majority owned and operated by the company, to develop higher capacity machines suitable for use in larger mine site applications. It is expected that the new, larger cone crushers will be launched within three years
18/04/2013Acquisition Acquisition of Aspir
The company has completed the acquisition of Aspir, a small Australia-based centrifuge producer with innovative technology. Combined with the company's existing screens and hydrocyclones portfolio, Aspir centrifuges enable the company to provide packaged minerals classification solutions. The combined upfront cost of these agreements is £7.00m with a similar amount expected to be invested over the next three years
18/04/2013Business Event Signing of perpetual licence with KHD
The company has signed an exclusive and perpetual licence with KHD, giving direct control over the design, manufacture and distribution of High Pressure Grinding Rolls in minerals processing applications using KHD technology. KHD will receive royalty payments on equipment sales. Several KHD technical staff focused on HPGR use in minerals processing will be offered employment with the company. Over 2011 and 2012, KHD's order intake from this agreement averaged EUR25.0m a year
25/03/2013Adviser Change Change of Remuneration Consultant
The company's Remuneration Consultant has been changed from New Bridge Street to PricewaterhouseCoopers LLP
25/03/2013Business Event Notice of AGM
At the company's AGM to be held on 1 May 2013 special resolution to authorize the directors to allot equity securities for cash, to authorize the company to make market purchase of its own Ords, and that a General Meeting, other than an AGM, may be called on not less than 14 clear days' notice, will be proposed
22/03/2013Trading Statement Continue to deliver profitable growth
ce - "...the group will continue to deliver profitable growth through new product introductions and a range of operational initiatives"
20/02/2013Acquisition Acquisition of R Wales group and Cheong foundry
The company has completed the acquisition of R Wales group of companies on 15 February 2013. The company has also advanced its global foundry supply chain strategy, completing the acquisition of the business and assets of the Cheong foundry in Malaysia, on 6 February 2013. In addition, an agreement has been reached to acquire the plant, equipment and buildings of Xmeco Foundry Pty. Ltd. Subject to regulatory approval; completion is expected in May 2013. The combined consideration for the three acquisitions will be £55.0m
15/02/2013Non-Exec Director Change Charles Berry appointed
Charles Berry will be appointed to the board as non-executive director with effect from 01 March 2013
02/01/2013Acquisition Completion of acquisition of Mathena Inc
The company announces completion of the acquisition of Mathena, Inc on 31 December 2012
02/01/2013Disposal Completion of disposal of LGE Process
The company announces the sale of LGE Process to Babcock International Group PLC for an enterprise value of £23.0m. The transaction completed on 28 December 2012
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