Weir Group said its annual operating profits are expected to be slightly lower than previously indicated as a result of project phasing, investment in growth and one-off plant reconfiguration costs. In the third quarter, group orders increased 21%, which the company pinned on a focus on customers and technology in improving markets. "At a group level, we anticipate strong growth in full year constant currency revenues and profits," chief executive John Stanton said. "Minerals profits are expected to be slightly lower than previously indicated while expectations for oil & gas and flow control are unchanged."
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