Half Year Results 

Weir turns to the sunlit uplands

Weir turns to the sunlit uplands

With Opec struggling to prop up prices and an electric automotive future opening up, some commentators are already sounding the death knell for the oil and gas industry. For now, however, the global economy is still dependent on the black stuff. So, too, is Glasgow-based engineer Weir (WEIR), which detailed a 20 per cent rise in comparative orders at the half-year mark, buoyed by increased fleet utilisation in North America’s unconventional oilfields and what it has recently called a “significant tightening of industry capacity”.

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