Weir Group Expected To Make Bid for FTSE Listing
Monday, August 2, 2010
The Herald - Glasgow engineer Weir Group will make a bid for early
promotion to the prestigious FTSE 100 share list of the UK’s biggest companies
on Tuesday when chief executive Keith Cochrane is set to announce news of
surging profits and to flesh out ambitious new growth targets.
Directors believe that the package should help underpin
the group’s soaring popularity in stock markets where its share price has
virtually doubled since the departure of former boss Mark Selway last autumn to
give it a stock market value of £2.5 billion.
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