|Bid||0.00 x 74700|
|Ask||2,400.00 x 77700|
|Day's range||2,260.00 - 2,304.00|
|52-week range||1,697.00 - 2,326.00|
|PE ratio (TTM)||31.14|
|Earnings date||31 Jul 2018|
|Forward dividend & yield||0.58 (2.57%)|
|1y target est||2,348.33|
Executive pay is firmly in the crosshairs of Norway's $1 trillion (727 billion pound) sovereign wealth fund as it puts its votes to work at some of the more than 9,000 companies it is invested in. The world's biggest sovereign wealth fund, built on Norway's oil revenues, has become a more active shareholder in recent years and since 2017 has called for changes including the scrapping of long-term incentive plans and simpler and more transparent packages. It has also voted against the pay of Disney (DIS.N) CEO Bob Iger, Christian Dior (DIOR.PA) CEO Sydney Toledano, Peugeot (PEUP.PA) CEO Carlos Tavares, Vinci (SGEF.PA) CEO Xavier Huilliard and Vivendi (VIV.PA) CEO Arnaud de Puyfontaine.
Weir shares rose as much as 6.6 percent to 2,258 pence on the news. ESCO shareholders will receive 59 percent of the deal value in cash, the remainder in new Weir shares. Weir plans to place about 16.7 million shares, or about 7.4 percent of its share capital, to partly fund the deal.
Weir Group Plc (Other OTC: WEIGY - news) , which makes pumps and valves for the mining and energy industries, said it had agreed to buy ESCO Corp. for $1 billion as it looks to bolster its mining business. Weir shares rose as much as 6.6 percent to 2,258 pence on the news. ESCO shareholders will receive 59 percent of the deal value in cash, the remainder in new Weir shares.
Weir Group Plc plans to acquire U.S. competitor Esco Corp. as the U.K. maker of industrial pumps strengthens its focus on the mining industry in a $1.29 billion deal including debt.
The company's operating profit rose 36.4 percent to 292 million pounds for the year ended Dec. 31. Analysts on average had expected an operating profit of 273.68 million pounds, according to Thomson Reuters I/B/E/S. Orders in the oil and gas business rose to 732 million pounds from 438 million pounds, with North America orders increasing 82 percent.
LONDON/MILAN, Oct (Shenzhen: 000069.SZ - news) 31 (Reuters) - Britain's FTSE sealed its best monthly gains since May on Tuesday as a series of upbeat earning updates including from oil major BP helped it rebound and end October on a high. The internationally-exposed FTSE 100 inched up 0.1 percent, closing at 7,493.08 points after a 0.2 percent fall on Monday when strength in the pound ahead of this week's Bank of England policy meeting weighed. The stock index ended October up 1.6 percent, its best month since May, when the election of President Emmanuel Macron in France sent stock markets across Europe soaring.
MILAN, Oct (Shenzhen: 000069.SZ - news) 31 (Reuters) - The FTSE inched up on Tuesday as a series of upbeat earning updates including from oil major BP helped UK's top share index rebound. The internationally exposed FTSE rose 0.3 percent at 7,513 points by 0929 GMT after a 0.2 percent fall seen on Monday when strength in the pound ahead of this week's Bank of England policy meeting weighed. BP rose as much as 4.1 percent to its highest level in three years since July 2014 after a strong update in a sector supported by the reecent surge of crude oil prices to above $60.
** UK-based engineering company Weir down 6.1 pct, top loser on FTSE 250 index ** Company says full-year operating profit expected to be slightly lower than previously anticipated due to higher costs and ...
The company expects full-year operating margins in the mining business, its biggest, to be only slightly ahead of the first half due to additional investment, costs associated with reconfiguring operational capacity and some project phasing delays. The company said orders in the oil and gas business rose 59 percent and it expected a "material" increase in full-year constant currency divisional revenues and low double-digit operating margins.
European shares gave back early gains in thin volumes on Monday, as a busy few weeks of earnings reports from top regional and U.S. firms got underway. The pan-European STOXX 600 index steadied at the ...
Britain's major share index started the week with solid gains driven by basic resource firms, while a government contract win by crisis-hit construction firm Carillion gave it some respite from heavy losses ...
The chief executive of Britain's Carillion (Frankfurt: 924047 - news) quit on Monday as the building and support services group warned on full-year profit and said it was pulling out of three construction markets in the Middle East. Carillion shares plunged 35 percent to trade at 124 pence by 1200 GMT, having earlier hit their lowest level since April 2003. The firm, which helps maintain British railways and roads, said payment problems on four construction contracts nearing or reaching completion had forced it take a provision of 845 million pounds ($1.1 billion).