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Weir Group Shares News & Articles

Market report: M&S to rebase divi and raise cash as it confirms Ocado tie-up, Ted Baker warns, Metro Bank in doghouse

After admitting to talks yesterday Marks & Spencer (MKS) has on Wednesday confirmed plans to form a £1.8bn grocery joint venture with technology delivery firm Ocado (OCDO). The tie-up, if approved by shareholders, will give M&S a food delivery business for the first time, but it comes at a hefty price. M&S plans to raise £600m through a rights issue to fund its part of the ...

Soggy last quarter and gloomy 2019 prospects drag on Hunting and other oil services suppliers

Oil services company Hunting (HTG) has reported deteriorating trading in the fourth quarter and management is becoming increasingly downbeat on 2019. That's enough to send shares in the company down 3.5% in early trading to 495.5p. Peers including Wood Group (WG), Petrofac (PFC) and Weir (WEIR) are also on the back foot as investors perceive the rpoblems to be industry-wide, not company ...
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