Advertisement
UK markets closed
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • HANG SENG

    18,537.81
    +223.95 (+1.22%)
     
  • CRUDE OIL

    79.46
    +0.47 (+0.60%)
     
  • GOLD FUTURES

    2,343.30
    +21.00 (+0.90%)
     
  • DOW

    39,369.54
    +313.15 (+0.80%)
     
  • Bitcoin GBP

    49,662.98
    -64.34 (-0.13%)
     
  • CMC Crypto 200

    1,340.16
    +40.07 (+3.08%)
     
  • NASDAQ Composite

    16,343.88
    +41.12 (+0.25%)
     
  • UK FTSE All Share

    4,558.37
    +14.13 (+0.31%)
     

BUZZ-Weir: hit by JP Morgan TP cut

** Weir falls c.2.7 pct before paring most of the losses & top loser on FTSE-350 Industrial Engineering Index after JP Morgan Cazenove terms H1 oil & gas margin as disappointing

** Brokerage cuts TP to 1380p from 1417p vs median analyst PT of 1775p on stock

** JP Morgan says that benefit from a volume recovery could be limited by aggressive price declines

** Adds to pressure on Weir, which has seen a string of downgrades after it last week cautioned on H2 margins due to a slump in U.S. oil and gas drilling activity (RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)