Gbp 50m Buy-Back by Buoyant Weir

The ScotsmanMarch 22, 2005

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Summary


GLASGOW-based engineer Weir Group yesterday announced a GBP 50 million share buy-back, alongside a near 3 per cent increase in annual profits.

Mark Selway, the chief executive, indicated that the buy-back was partially due to the lack of any major acquisitions on the horizon.

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Extract


Gbp 50m Buy-Back by Buoyant Weir

Selway, who late last week announced that manufacturing at Weir's historic Cathcart headquarters would end, with 260 job...

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