Financial Times FT.com

Weir slips on sales but guides up on profits

By Michael Kavanagh

Published: November 3 2009 23:33 | Last updated: November 3 2009 23:33

Weir Group, the industrial pump and value maker, continued to suffer from muted demand during its third quarter as customers in the mining, oil and gas sectors curtailed investment in new projects.

The Glasgow-based engineering company said on Tuesday that its overall order intake in the nine months to September 25 was down 22 per cent, slightly more than the 21 per cent fall registered at the interim stage.

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