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Date/Time	Headline	Source
1
Fri 09:43	Weir Group PLC - Director Declaration	RNS
RNS Number : 8376C Weir Group PLC 20 November 2009 THE WEIR GROUP PLC 20 November 2009 Director declaration In accordance with LR 9.6.14R The Weir Group PLC hereby notifies the following change in the information set out in Listing Rule 9.6.13R(1) in respect of Stephen King. Stephen King has been appointed as Finance Director of Caledonia Investments PLC with effect from 9 December 2009. This information is provided by RNS The company news service from the London Stock Exchange END RDNIIFVALRLIFIA More
11-11-09	Weir Group PLC - Director/PDMR Shareholding	RNS
RNS Number : 3634C Weir Group PLC 11 November 2009 THE WEIR GROUP PLC 11 November 2009 Notification of PDMR shareholding The Weir Group PLC hereby announces that John Heasley, Interim Group Finance Director, holds 2,392 shares in The Weir Group PLC through a nominated ISA account. John has also been granted options under the Weir Group Long Term Incentive Plan over 5,543 Performance Shares in 2008 and 10,778 Performance Shares in 2009. This information is provided by RNS The company news service from the London Stock Exchange END RDSBBBATMMABBRL More
10-11-09	Weir Group PLC - Holding(s) in Company	RNS
RNS Number : 3024C Weir Group PLC 10 November 2009 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES `1. Identity of the issuer or the underlying issuer The Weir Group PLC` of existing shares to which voting rights are attached: 2 Reason for the notification (please tick the appropriate box or boxes): `An acquisition or disposal of voting rights X` An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments An event changing the breakdown of voting rights Other (please specify): `3. Full name of person(s) subject to the Prudential plc group of companies` notification obligation: `4. Full name of shareholder(s) See attached schedule` (if different from 3.): `5. Date of the transaction and date on 9 November 2009` which the threshold is crossed or reached: `6. Date on which issuer notified: 10 November 2009` `7. Threshold(s) that is/are crossed or See item 13` reached: 8. Notified details: A: Voting rights attached to shares `Class/type of Situation previous Resulting situation after the triggering transaction` `shares to the triggering` `transaction` if possible using the ISIN CODE `Number Number Number Number of voting % of voting rights` `of of of shares rights` `Shares Voting` `Rights` `Direct Direct Indirect Direct Indirect` `GB0009465807 17,002,380 17,002,380 16,938,987 16,938,987 8.05%` B: Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Expiration Exercise/ Number of voting % of voting` `instrument date Conversion Period rights that may be rights` `acquired if the` `instrument is` `exercised/ converted.` C: Financial Instruments with similar economic effect to Qualifying Financial Instruments Resulting situation after the triggering transaction `Type of financial Exercise price Expiration date Exercise/ Number of voting rights instrument refers to % of voting rights` `instrument Conversion period` `Nominal Delta` Total (A+B+C) `Number of voting rights Percentage of voting rights` `16,938,987 8.05%` 9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: Prudential plc (parent Company) M&G Group Limited (wholly owned subsidiary of Prudential plc) M&G Limited (wholly owned subsidiary of M&G Group Limited) M&G Investment Management Limited (wholly owned subsidiary of M&G Limited) The Prudential Assurance Company Limited (wholly owned subsidiary of Prudential plc) Proxy Voting: `10. Name of the proxy holder: N/A` `11. Number of voting rights proxy holder will cease N/A` to hold: `12. Date on which proxy holder will cease to hold N/A` voting rights: `13. Additional information: As per 5.1.2, the non-exempt holdings for Prudential plc have dropped below 7%` `triggering this notification.` `14. Contact name: Dipesh Varsani/ Mark Thomas` `M&G Investment Management Limited` `15. Contact telephone number: 020 7548 3261/ 020 7548 3266` PRUDENTIAL PLC `Registered Holder Holding %` `NORTRUST NOMINEE LTD A/C MHA01 150,000` `NORTRUST NOMINEE LTD A/C MHE01 200,000` `NORTRUST NOMINEE LTD A/C MHF01 50,593` `NORTRUST NOMINEE LTD A/C MHJ01 752,549` `NORTRUST NOMINEE LTD A/C MKB01 619,092` `NORTRUST NOMINEE LTD A/C MKM01 200,000` `NORTRUST NOMS LTD 5,269` `NORTRUST NOMS LTD A/C PUQ01 250,000` PRUCLT HSBC GIS NOM(UK) PAC AC 14,365,620 `PRUCLT HSBC GIS NOM(UK) PPL AC 345,864` `Total 16,938,987 8.05` M&G GROUP LIMITED `Registered Holder Holding %` `NORTRUST NOMINEE LTD A/C MHA01 150,000` `NORTRUST NOMINEE LTD A/C MHE01 200,000` `NORTRUST NOMINEE LTD A/C MHF01 50,593` `NORTRUST NOMINEE LTD A/C MHJ01 752,549` `NORTRUST NOMINEE LTD A/C MKB01 619,092` `NORTRUST NOMINEE LTD A/C MKM01 200,000` `NORTRUST NOMS LTD 5,269` `NORTRUST NOMS LTD A/C PUQ01 250,000` PRUCLT HSBC GIS NOM(UK) PAC AC 14,365,620 `PRUCLT HSBC GIS NOM(UK) PPL AC 345,864` `Total 16,938,987 8.05` M&G INVESTMENT MANAGEMENT LIMITED `Registered Holder Holding %` `NORTRUST NOMINEE LTD A/C MHA01 150,000` `NORTRUST NOMINEE LTD A/C MHE01 200,000` `NORTRUST NOMINEE LTD A/C MHJ01 752,549` `NORTRUST NOMINEE LTD A/C MKB01 619,092` `NORTRUST NOMINEE LTD A/C MKM01 200,000` `NORTRUST NOMS LTD 5,269` `NORTRUST NOMS LTD A/C PUQ01 250,000` PRUCLT HSBC GIS NOM(UK) PAC AC 14,365,620 `PRUCLT HSBC GIS NOM(UK) PPL AC 345,864` `Total 16,888,394 8.03` M&G LIMITED `Registered Holder Holding %` `NORTRUST NOMINEE LTD A/C MHA01 150,000` `NORTRUST NOMINEE LTD A/C MHE01 200,000` `NORTRUST NOMINEE LTD A/C MHF01 50,593` `NORTRUST NOMINEE LTD A/C MHJ01 752,549` `NORTRUST NOMINEE LTD A/C MKB01 619,092` `NORTRUST NOMINEE LTD A/C MKM01 200,000` `NORTRUST NOMS LTD 5,269` `NORTRUST NOMS LTD A/C PUQ01 250,000` PRUCLT HSBC GIS NOM(UK) PAC AC 14,365,620 `PRUCLT HSBC GIS NOM(UK) PPL AC 345,864` `Total 16,938,987 8.05` THE PRUDENTIAL ASSURANCE COMPANY LIMITED `Registered Holder Holding %` PRUCLT HSBC GIS NOM(UK) PAC AC 14,365,620 `PRUCLT HSBC GIS NOM(UK) PPL AC 345,864` `Total 14,711,484 6.99` Percentage holdings are calculated using an issued share capital of 210,293,264 ORD GBP0.125 shares This information is provided by RNS The company news service from the London Stock Exchange END HOLQBLFFKFBXFBD More
03-11-09	STOCKS NEWS UK-Weir down, orders fall, upgrade disappoints	AFX UK Focus
`STOCKS NEWS Reuters Results diary` `Europe Real-time Equity News` `UK Stocks on the move` `UK smallcaps UK smallcaps news` `10:05GMT 03Nov2009-Weir down, orders fall, upgrade disappoints` -------------------------------------------------------------- `Shares in Weir Group fall almost 8 percent after the pump manufacturer says order intake is continuing to fall and in spite of the company saying full-year profit will come in at the upper end of market expectations.` `"Some of the bulls were probably expecting better news," says Arbuthnot analyst Michael Blogg. He sees some downside risk in the shares but expects to increase his adjusted pretax profit forecast to 175 million pounds from 162.5 million.` `KBC Peel Hunt analyst Jonathan Hurn says: "Original equipment (OE), which is late-cycle, is still quite tough. The figures imply that Q3 OE orders are down roughly 50 percent, broadly in line with the fall in the first half".` `But Hurn notes the sector has had a good run recently and that upgrades were expected. He upgrades his full-year pretax profit forecast to 177 million pounds from 170 million and maintains a "Buy" recommendation.` `To see Weir's statement please click on` Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net `09:53GMT 03Nov2009-ATH gains; secures new credit facility` --------------------------------------------------------- `Shares in ATH Resources rise 1.5 percent, bucking a falling UK market, after the British mining firm secures a new credit facility, prompting Evolution Securities to upgrade its rating to "add" from "neutral".` `ATH Resources says it has secured a three-year 30 million pound credit facility with HSBC and Yorkshire Bank.` `"Debt refinancing is good news for the group as it removes some of the market's concerns about how it will fund future growth," says the broker in a note.` `"Additionally, the group may now feel more confident in paying a final dividend," it adds.` `For more double click on` Reuters Messaging rm://david.brett.reuters.com@reuters.net `09:33GMT 03Nov2009-Rolls Royce down as update disappoints` --------------------------------------------------------- Shares in engine-maker Rolls Royce fall 2.8 percent after the company's interim trading update disappoints investors, with Evolution Securities repeating its "sell" rating on the stock. `"Guidance was unchanged but the statement was downbeat," says the broker in a note, adding "the stock looks expensive and has outperformed peers such as EADS and Boeing, so it is likely to come off slightly".` `Rolls Royce, which makes engines and turbines for passenger planes, fighter jets, ships and power stations expects to deliver sales growth for 2009 but says the global aviation and defence markets remain depressed.` `For more double click on` Reuters Messaging rm://david.brett.reuters.com@reuters.net `08:47GMT 03Nov2009-UK small caps down 0.3 pct at the open` --------------------------------------------------------- `The FTSE Small Cap Index is 0.3 percent lower in early trade, outperforming the wider UK market, with the FTSE 100 and the FTSE 250 down 1.3 and 1 percent respectively.` AIM-listed Amino Technologies plunges almost 27 percent after the Internet television company warns its financial performance for the full-year 2009 will be significantly below expectations. Russia-focused Highland Gold Mining adds 8.7 percent following upbeat results from its Mnogovershinnoye and Lyubov mines, which confirmed their potential and opens up opportunities for further exploration. Reuters Messaging rm://david.brett.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
03-11-09	Weir Group PLC - Interim Management Statement	RNS
This news article is displayed preformatted as it may contain results tables RNS Number : 8064B Weir Group PLC 03 November 2009 THE WEIR GROUP PLC INTERIM MANAGEMENT STATEMENT The Weir Group PLC today issues the following interim management statement in respect of the 13 weeks ended 25 September 2009. During the third quarter, the Group has continued to perform well despite ongoing trading uncertainties in many of its markets. As expected revenue was adversely impacted by first half input trends, although operating results benefited from a greater proportion of aftermarket sales, the realignment of the cost base at a number of operations and a continued positive foreign currency translation effect. Order input1 for the 39 weeks ended 25 September 2009 was 22% down against the same period in 2008 (H12: -21%), with aftermarket input1 down 4% (H12: -2%). Divisional Overview Minerals The minerals market continues to be impacted by the general economic slowdown and reduced levels of capital spending. Divisional order input1 for the 39 weeks was down 22% compared to the same period in 2008 (H12: -20%) with original equipment orders down 39% (H12: -37%) offset by a stabilisation in aftermarket input reflecting the resilience of our business model. Whilst increasing enquiry levels represent the first signs of improving market conditions, the timing of conversion into firm orders remains open. Oil & Gas Divisional order input1 for the 39 weeks was down 17% compared to the same period in 2008 (H12: -12%) with upstream activities continuing to be impacted by lower natural gas prices and rig count offset by continued good progress in the downstream businesses. Weir SPM remains on track to deliver against our revenue and margin expectations for the year and we are becoming more confident that we have seen a bottoming out of this market, although any recovery is likely to be slow. The division's service operations continued to perform well with good levels of activity in the North Sea and North America offsetting the continued soft market in Dubai. Power & Industrial The division continues to perform well with order input1 for the 39 weeks down 10% compared to the same period in 2008 (H12: -21%) following a good level of power orders in the quarter from China and first input recognised on the 15 year Canadian Naval Engineering contract. Across the division, power enquiry levels continue to be strong, although the industrial markets remain sluggish. Material Events Following the announcement of 16 September 2009, Keith Cochrane took over from Mark Selway as Chief Executive on 2 November 2009. Mark will remain with the Group until 31 December 2009. The search for a new Group Finance Director is progressing. Financial Position Net debt at 25 September 2009 was below 26 June 2009 (�200m) benefiting from strong operating cashflow generation. Outlook The Group's strong performance in the quarter and ongoing foreign currency translation benefits gives increased confidence in the outlook for the 53 weeks ending 1 January 2010. The Board now expects an increase in current year profit from continuing operations before tax, intangibles amortisation and exceptional items to around the upper end of current analyst forecasts3. Notes: 1 Input is reported on a constant currency basis. 2 H1 refers to order input for the 26 weeks ended 26 June 2009 compared to the 26 weeks ended 27 June 2008. 3 Reuters Knowledge Consensus at 30 October for profit before tax, intangibles amortisation and exceptional items was �166.6m with a range between �151.60m and �177.10m. Contact details: The Weir Group PLC Keith Cochrane, Chief Executive Tel. 0141 637 7111 (switchboard); Helen Walker, Public Relations Tel. 0141 308 3739 (Mobile: 07789 032296) Manager Maitland Tel. 020 7379 5151 Suzanne Bartch (Mobile: 07769 710 335) Rowan Brown (Mobile: 07834 434 662) This information is provided by RNS The company news service from the London Stock Exchange END IMSCKBKPABDDODK More
02-11-09	BRIEF-RBS revises ratings, targets on UK industrial goods & services cos	AFX UK Focus
Nov 2 (Reuters) - RBS RAISES MORGAN CRUCIBLE TO BUY FROM ADD RBS CUTS SEVERFIELD ROWEN TO HOLD FROM ADD RBS RAISES SPIRAX SARCO-TO BUY FROM HOLD RBS RAISES WEIR GROUP TO BUY FROM ADD RBS RAISES BODYCOTE PRICE TARGET TO 157P FROM 115P RBS RAISES CHARTER PRICE TARGET TO 763P FROM 535P RBS RAISES CHEMRING PRICE TARGET TO 3,075P FROM 2,691P RBS RAISES DOMINO PRINTING PRICE TARGET TO 390P FROM 250P RBS RAISES FENNER PLC PRICE TARGET TO 185P FROM 144P RBS RAISES ROTORK PLC PRICE TARGET TO 1,204P FROM 909P RBS CUTS SEVERFIELD ROWEN PRICE TARGET TO 180P FROM 200P RBS RAISES SPECTRIS PRICE TARGET TO 895P FROM 740P RBS RAISES SPIRAX SARCO-PRICE TARGET TO 1,335P FROM 1,025P RBS RAISES VITEC PRICE TARGET TO 414P FROM 293P RBS RAISES WEIR GROUP PRICE TARGET TO 783P FROM 660P (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
14-10-09	Weir Group PLC - Director Declaration	RNS
RNS Number : 7678A Weir Group PLC 14 October 2009 THE WEIR GROUP PLC 14 October 2009 Director declaration In accordance with LR 9.6.14R The Weir Group PLC hereby notifies the following change in the information set out in Listing Rule 9.6.13R(1) in respect of Lord Smith of Kelvin who intends to resign as a non-executive director of 3i Group plc with effect from 31 October 2009. This information is provided by RNS The company news service from the London Stock Exchange END RDNILFLFIALSLIA More
14-10-09	Weir Group PLC - Notice of IMS	RNS
RNS Number : 7442A Weir Group PLC 14 October 2009 THE WEIR GROUP PLC IMS NOTIFICATION The Weir Group PLC will issue its interim management statement on Tuesday 3 November 2009. All other dates for 2010 are on the company's website at www.weir.co.uk. For further information please contact: `The Weir Group PLC Clydesdale Bank Exchange` `20 Waterloo Street` `Glasgow G2 6DB` Helen Walker, Investor Relations Manager Tel. 0141 308 3739 This information is provided by RNS The company news service from the London Stock Exchange END NORFGMMGRDLGLZG More
01-10-09	Weir Group PLC - Blocklisting Six Month Return	RNS
RNS Number : 0656A Weir Group PLC 01 October 2009 SCHEDULE 5 BLOCKLISTING SIX MONTHLY RETURN 1. Name of company The Weir Group PLC 2. Name of scheme The Weir Group PLC Savings Related Share Option Scheme 2001 3. Period of return From: 01.04.09 To: 30.09.09 4. Balance under scheme from previous return 37,810 5. Amount by which the block scheme has been increased since date of last return Nil 6. Number of shares issued / allotted under scheme during period Nil 7. Balance under scheme not yet issued / allotted at end of period 37,810 8. Number and class of share(s) (amount of stock / debt securities) originally listed and the date of admission Listing on 15 May 2003 - RA/Weir Group PLC/00012 (250,000 ordinary shares of 12.5 pence) Further listing 5 July 2004 - RA/Weir Group PLC/00015 (200,000 ordinary shares of 12.5 pence) Further listing 5 April 2005 - RA/Weir Group PLC/00017 (500,000 ordinary shares of 12.5 pence) Further listing 1 September 2005 - RA/Weir Group PLC/00018 (500,000 ordinary shares of 12.5 pence) Further listing 11 April 2006 - RA/Weir Group PLC/00017 (250,000 ordinary shares of 12.5 pence) Further listing 18 February 2008 - RA/Weir Group PLC/00023 (150,000 ordinary shares of 12.5 pence) Please confirm total number of shares in issue at the end of the period in order for us to update our records 212,715,921 (including treasury shares) SCHEDULE 5 BLOCKLISTING SIX MONTHLY RETURN 1. Name of company The Weir Group PLC 2. Name of scheme The Weir Group Long Term Incentive Plan 2004 3. Period of return From: 01.04.09 To: 30.09.09 4. Balance under scheme from previous return 617,934 5. Amount by which the block scheme has been increased since date of last return nil 6. Number of shares issued / allotted under scheme during period 125,660 7. Balance under scheme not yet issued / allotted at end of period 492,274 8. Number and class of share(s) (amount of stock / debt securities) originally listed and the date of admission Listing 5 July 2004 - RA/Weir Group PLC/00015 (100,000 ordinary shares of 12.5 pence) Further listing 21 March 2007 - RA/Weir Group PLC/00021 (1,000,000 ordinary shares at 12.5 pence) Please confirm total number of shares in issue at the end of the period in order for us to update our records 212,715,921 (including treasury shares) Contact for queries Name Frances McCaw `Address Clydesdale Bank Exchange` `20 Waterloo Street` `Glasgow G2 6DB` Telephone 0141 308 3737 This information is provided by RNS The company news service from the London Stock Exchange END BLRFSEFFFSUSELS More
28-09-09	BRIEF-RESEARCH ALERT-Citigroup raises price targets on Bodycote, 4 others	AFX UK Focus
Sept 28 (Reuters) - CITIGROUP RAISES BODYCOTE PLC PRICE TARGET TO 145P FROM 105P; RATING `sell` CITIGROUP RAISES COOKSON GROUP PLC PRICE TARGET TO 500P FROM 300P; `rating buy` CITIGROUP CUTS INVENSYS PLC TO HOLD FROM BUY; RAISES PRICE TARGET TO `320P from 275P` CITIGROUP RAISES PHILIPS PRICE TARGET TO EUR 17.50 FROM EUR 13.50; `rating hold` CITIGROUP RAISES WEIR GROUP PRICE TARGET TO 620P FROM 435P; RATING `sell` (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
21-09-09	Weir Group PLC - Director/PDMR Shareholding	RNS
RNS Number : 3774Z Weir Group PLC 21 September 2009 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1). `(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.` `(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8,13, 14, 16, 23 and 24.` (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. `(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.` Please complete all relevant boxes should in block capital letters. `1. Name of the issuer 2. State whether the` `notification relates` `to (i) a transaction` `THE WEIR GROUP PLC notified in` `accordance with DR` `3.1.4R(1)(a); or` `(ii) DR` `3.1.4(R)(1)(b) a` `disclosure made in` `accordance with` `section 324 (as` `extended by section` `328) of the` `Companies Act 1985;` `or` `(iii) both (i) and` `(ii)` `(i)` `3. Name of person 4. State whether` `discharging notification relates` `managerial to a person` `responsibilities/ connected with a` `director person discharging` `managerial` `responsibilities/` `JOHN MOGFORD director named in 3` `and identify the` `connected person` NO `5. Indicate whether the 6. Description of` `notification is in shares (including` `respect of a holding class), debentures` `of the person or derivatives or` `referred to in 3 or financial` `4 above or in instruments relating` `respect of a to shares` `non-beneficial` `interest` ORDINARY SHARES OF `12.5P EACH` 3 ABOVE `7. Name of registered 8. State the nature of` `shareholders(s) and, the transaction` `if more than one,` `the number of shares` `held by each of them PURCHASE OF SHARES` `JOHN MOGFORD 6,531` `9. Number of shares, 10. Percentage of issued` `debentures or class acquired` `financial (treasury shares of` `instruments relating that class should` `to shares acquired not be taken into` `account when` `calculating` `1,450 percentage)` N/A `11. Number of shares, 12. Percentage of issued` `debentures or class disposed` `financial (treasury shares of` `instruments relating that class should` `to shares disposed not be taken into` `account when` `calculating` `NIL percentage)` N/A `13. Price per share or 14. Date and place of` `value of transaction transaction` `21 September 2009` `687p LONDON` `15. Total holding 16. Date issuer informed` `following of transaction` `notification and` `total percentage` `holding following 21 September 2009` `notification (any` `treasury shares` `should not be taken` `into account when` `calculating` `percentage)` `7,981` If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes `17. Date of grant 18. Period during which` `or date on which it` `can be exercised` `19. Total amount paid 20. Description of` `(if any) for grant shares or debentures` `of the option involved (class and` `number)` `21. Exercise price (if 22. Total number of` `fixed at time of shares or debentures` `grant) or indication over which options` `that price is to be held following` `fixed at the time of notification` `exercise` `23. Any additional 24 Name of contact and` `information telephone number for` `queries` FRANCES MCCAW 0141 308 3737 Name and signature of duly authorised officer of issuer responsible for making notification ****FRANCES MCCAW************** Date of notification 21 September 2009...*****.. This information is provided by RNS The company news service from the London Stock Exchange END RDSLBMLTMMATMIL** More
16-09-09	Weir Group PLC - Director/PDMR Shareholding	RNS
RNS Number : 1423Z Weir Group PLC 16 September 2009 NOTIFICATION OF TRANSACTIONS OF DIRECTORS/PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND CONNECTED PERSONS This form is intended for use by an issuer to make a RIS notification required by DR 3.1.4R(1). `(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24.` `(2) An issuer making a notification in respect of a derivative relating the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24.` (3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24. `(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24.` Please complete all relevant boxes in block capital letters. `1. Name of the issuer: 2. State whether the` `notification relates` `to (i) a transaction` `THE WEIR GROUP PLC notified in` `accordance with DR` `3.1.4R(1)(a); or` `(ii) DR` `3.1.4(R)(1)(b) a` `disclosure made in` `accordance with` `section 324 (as` `extended by section` `328) of the` `Companies Act 1985;` `or` `(iii) both (i) and` `(ii):` `(i)` `3. Name of person 4. State whether` `discharging notification relates` `managerial to a person` `responsibilities/ connected with a` `director: person discharging` `managerial` `responsibilities/` `LORD SMITH OF KELVIN director named in 3` `and identify the` `connected person:` NO `5. Indicate whether the 6. Description of` `notification is in shares (including` `respect of a holding class), debentures` `of the person or derivatives or` `referred to in 3 or financial` `4 above or in instruments relating` `respect of a to shares:` `non-beneficial` `interest:` ORDINARY SHARES OF `12.5p EACH` 3 ABOVE `7. Name of registered 8. State the nature of` `shareholders(s) and, the transaction:` `if more than one,` `the number of shares` `held by each of PURCHASE OF SHARES` `them:` `SPEIRS & JEFFREY` CLIENT NOMINEES LTD `86,000` `9. Number of shares, 10. Percentage of issued` `debentures or class acquired` `financial (treasury shares of` `instruments relating that class should` `to shares acquired not be taken into` `account when` `calculating` `7,500 percentage)` N/A `11. Number of shares, 12. Percentage of issued` `debentures or class disposed` `financial (treasury shares of` `instruments relating that class should` `to shares disposed not be taken into` `account when` `calculating` `NIL percentage)` N/A `13. Price per share or 14. Date and place of` `value of transaction transaction` `16 SEPTEMBER 2009,` `680p LONDON` `15. Total holding 16. Date issuer informed` `following of transaction` `notification and` `total percentage` `holding following 16 SEPTEMBER 2009` `notification (any` `treasury shares` `should not be taken` `into account when` `calculating` `percentage)` `93,500` If a person discharging managerial responsibilities has been granted options by the issuer complete the following boxes `17. Date of grant 18. Period during which` `or date on which it` `can be exercised` `19. Total amount paid 20. Description of` `(if any) for grant shares or debentures` `of the option involved (class and` `number)` `21. Exercise price (if 22. Total number of` `fixed at time of shares or debentures` `grant) or indication over which options` `that price is to be held following` `fixed at the time of notification` `exercise` `23. Any additional 24 Name of contact and` `information telephone number for` `queries` FRANCES MCCAW 0141 308 3737 Name and signature of duly authorised officer of issuer responsible for making notification *********FRANCES MCCAW******.. Date of notification 16 SEPTEMBER 2009..*********. This information is provided by RNS The company news service from the London Stock Exchange END RDSLFMPTMMIBMLL** More
16-09-09	STOCKS NEWS UK-Weir falls as CEO steps down	AFX UK Focus
`STOCKS NEWS Reuters Results diary` `Europe Real-time Equity News` `UK Stocks on the move` `UK smallcaps UK smallcaps news` `07:50GMT 16Sept2009-Weir falls as CEO steps down` ------------------------------------------------ `Shares in Weir Group drop by as much as 4 percent after the industrial pump manufacturer says CEO Mark Selway is stepping down in November to be replaced by Finance Director Keith Cochrane.` `"It's clearly disappointing as Selway's done a great job and is highly-respected," says analyst John Dean at Jeffries.` `"However, he leaves behind a business with good fundamental attractions and the company has real strength and depth across its management team."` `KBC Peel Hunt analyst Jonathan Hurn, who has a "Buy" rating on Weir, sees any share price weakness as a buying opportunity given recent positive news flow on mining capex.` `To see Weir's statement please click on` Reuters messaging rm://victoria.bryan.thomsonreuters.com@reuters.net `07:49GMT 16Sept2009-Next up as profit guidance raised` ----------------------------------------------------- `Next shares rise 2.9 percent to 1,749 pence after Britain's second-largest clothing retailer posts a 7 percent increase in first-half profit, at the top end of expectations, and raises its full year pretax profit forecast to "close to 429 million pounds".` `"They (Next) are blessing circa 4 percent upgrades for full-year pretax profit to circa 425 million pounds, thanks to good margin control, but they are sticking to their cautious H2 Next Retail sales guidance range of -3.5 percent to -6.5 percent like-for-like, which is a surprise," says Nick Bubb, analyst at Pali International.` `For more double click on` Reuters Messaging rm://james.davey.reuters.com@reuters.net `07:36GMT 16Sept2009-Xstrata rises on RBS upgrades` ------------------------------------------------- `Shares in the world's fourth largest copper producer Xstrata gain 3.6 percent as RBS upgrades its recommendation to "buy" from "hold", raises its earnings forecasts and ramps up its target price to 1,050 pence from 625 pence.` `The broker says its EBITDA forecasts rise by an average of 10 percent, with EPS up by 26 percent, through 2011, citing increased production profile, adjustments in unit costs and lower than anticipated depreciation and net interest costs in the first-half 2009.` `RBS sees scope for further upgrades and urges customers to buy into the miner.` `"The 3Q mark-to-market change for copper so far is 46 percent, so we anticipate further upgrades across the sector in the coming weeks," the broker says, adding it "would look to build Xstrata positions going into 2010."` Reuters Messaging rm://david.brett.reuters.com@reuters.net `07:38GMT 16Sept2009-UK small caps gain 0.3 percent early` -------------------------------------------------------- `The FTSE Small Cap index gains 0.3 percent in early trade, underperforming both the blue chips and the midcaps, which rise 0.9 percent and 0.6 percent respectively.` `Britain's biggest coal producer UK Coal is the top small cap gainer, up over 6 percent, after saying it will raise about 100 million pounds, before expenses, from investors in order to reduce debt.` `Oxus Gold falls 16.7 percent after the gold miner swings to a first-half loss after taxation of $5.18 million, versus a profit of $1.84 million.` Reuters Messaging rm://tricia.wright1.reuters.com@reuters.net `07:33GMT 16Sep2009-UK Coal rises on placing to cut debt` ------------------------------------------------------- `Shares in UK Coal rise 6 percent to 110.5 pence as Britain's biggest coal producer announces plans to reduce debt via a 100 million pound placing, priced at 75 pence a share.` `"We see this as a positive move, as the company has a walked a fine line on its debt facilities," say analysts at Arbuthnot, who have a "buy" rating on the stock.` `"With the property sector past its worse and the coal business benefitting from new mining areas and higher priced contracts into 2010/11, we think this is a key turning point for UK Coal."` `For more click on` Reuters messaging rm://paul.sandle.reuters.com@reuters.net Keywords: MARKETS UK STOCKSNEWS/ COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
16-09-09	BRIEF-Weir says CEO Mark Selway to step down	AFX UK Focus
LONDON, Sept 16 (Reuters) - Weir Group PLC: MARK SELWAY HAS CONFIRMED THAT HE INTENDS TO STEP DOWN AS CHIEF EXECUTIVE ON `2 November 2009. To leave the group on 31 December 2009.` KEITH COCHRANE, GROUP FINANCE DIRECTOR, IS TO SUCCEED MARK SELWAY AS CHIEF EXECUTIVE WITH EFFECT FROM 2 NOVEMBER. ((London Equities Newsroom; +44 20 7542 7717)) (For more news, please click here) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More
16-09-09	Weir Group PLC - Directorate Change	RNS
RNS Number : 1340Z Weir Group PLC 16 September 2009 The Weir Group PLC 16 September 2009 Keith Cochrane is to succeed Mark Selway as Chief Executive of the Weir Group. The Weir Group PLC today (the "Group" or "Weir") announces that, following eight years with the Group, Mark Selway has confirmed that he intends to step down as Chief Executive on 2 November 2009 and leave the Group on 31 December 2009. He is to become Chief Executive of Boral Limited, Australia's largest building and construction materials supplier. The Board is very sorry to lose Mark but understands and respects his decision to return to Australia to take up an exciting new challenge with Boral. `The Board is pleased to announce that Keith Cochrane, Group Finance Director, will succeed Mark as Chief Executive with effect from 2 November 2009. Keith joined Weir in 2006 from ScottishPower plc, where he was group director of finance and before that he was finance director and then chief executive of Stagecoach Group plc.` Throughout his time at Weir, Keith has been pivotal to the company's continued success. He has undergone a rigorous development programme and is well-versed in all operational aspects of the business. He has contributed significantly to the development of the Group's strategy and has been actively involved in operational activities. Commenting, Chairman Lord Smith of Kelvin, said: "Mark was appointed Group Chief Executive in June 2001 and under his leadership the Group has been transformed into a highly focused industry leader in the mining, oil & gas and power generation markets. We are very grateful for his leadership, drive and commitment and whilst fully respecting his decision to return home, are truly sorry to see him go. "Succession planning is a key issue for the Board and we put in place rigorous development plans for all the Group's senior executives. Keith is ideally equipped to succeed Mark, given his global experience, knowledge of Weir's core markets and his outstanding leadership qualities." Commenting, Mark Selway said: "Choosing to leave Weir has been one of the toughest decisions of my life but the time is now right to handover to a successor to continue the Group's future development. Keith will do a great job. "I am very proud of what the team at Weir has delivered and am confident that we have put in place solid foundations for the next phase of the Group's development." Commenting, Keith Cochrane said: "I am delighted to take up this opportunity. The Weir Group is an outstanding organisation, with a proud history and exciting future. I look forward to leading the Group into its next stage of development. "In the meantime, Mark and I will work diligently to execute a seamless transition while ensuring delivery on our financial commitments." Finance Director The Board has commissioned a search for a new Group Finance Director. Both internal and external candidates will be considered. Contact details: The Weir Group PLC `Lord Smith of Kelvin Tel. 0141 308 3739` Helen Walker, Public Relations Manager Mobile: 07789 032296 `Maitland Tel. 020 7379 5151` `Suzanne Bartch Mobile: 07769 710 335` `Rowan Brown Mobile: 07834 434662` About Weir The Weir Group PLC is a global leader in the design, supply and ongoing service of engineering equipment for the Mining, Oil & Gas and Power & Industrial sectors. With annual sales of £1.5bn Weir employs over 9000 people and operates in 42 countries. For further information about The Weir Group PLC and its businesses, visit www.weir.co.uk. This information is provided by RNS The company news service from the London Stock Exchange END BOACKAKPPBKKBCD More
15-09-09	BRIEF-RESEARCH ALERT-Goldman raises Laird, Schneider Electric to buy	AFX UK Focus
Sept 15 (Reuters) - European capital goods sector: GOLDMAN SACHS RAISES LAIRD SCHNEIDER ELECTRIC TO BUY FROM `neutral` GOLDMAN SACHS CUTS SPIRAX SARCO-TO SELL FROM NEUTRAL GOLDMAN SACHS RAISES ANSALDO WEIR TO NEUTRAL FROM SELL GOLDMAN SACHS KEEPS ATTRACTIVE VIEW ON EUROPEAN CAPITAL GOODS SECTOR GOLDMAN SACHS CUTS ALSTOM PRICE TARGET TO 58 EUR FROM 60 EUR GOLDMAN SACHS RAISES ASSA ABLOY PRICE TARGET TO SEK 130 FROM SEK 143 GOLDMAN SACHS CUTS ATLAS COPCO AB PRICE TARGET TO SEK 100 FROM SEK 104 GOLDMAN SACHS CUTS BODYCOTE PLC PRICE TARGET TO 210P FROM 220P GOLDMAN SACHS RAISES DEMAG PRICE TARGET TO 23 EUR FROM 21 EUR GOLDMAN SACHS RAISES HALMA PLC PRICE TARGET TO 217P FROM 215P GOLDMAN SACHS CUTS INVENSYS PLC PRICE TARGET TO 320P FROM 325P GOLDMAN SACHS RAISES IMI PLC PRICE TARGET TO 560P FROM 500P GOLDMAN SACHS RAISES MORGAN CRUCIBLE PRICE TARGET TO 177P FROM 175P GOLDMAN SACHS RAISES NEXANS PRICE TARGET TO 57.5 EUR FROM 47 EUR GOLDMAN SACHS RAISES OUTOTEC PRICE TARGET TO 23 EUR FROM 21 EUR GOLDMAN SACHS RAISES SAFT PRICE TARGET TO 41 EUR FROM 38 EUR GOLDMAN SACHS CUTS SKF AB PRICE TARGET TO SEK 114 FROM SEK 117 GOLDMAN SACHS CUTS TOMKINS PLC PRICE TARGET TO 201P FROM 215P (Bangalore Equities Newsroom; +91 80 4135 5800; within U.S. +1 646 223 8780) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. More

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