UK's Weir falls as quarterly orders disappoint despite steady outlook

By Reuters News

** Shares of engineering firm Weir WEIR.L down 4.6% at 2,508p, among top losers on FTSE 100 .FTSE

** Company's group orders increased 8% in third quarter

** "We do not feel the group has delivered strong enough order intake in the period to get the street excited in the near-term, and Weir's peers are delivering stronger order intake, which is unhelpful," Jefferies analysts say

** Still, company says it is on track to deliver market expectations

** Including session losses, WEIR stock down 11.8%, YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.
The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.
 

Cryptocurrency-related content is intended solely as news and market commentary. Crypto Derivatives are not available to Retail clients registered with Capital Com (UK) Ltd.