Fire at Weir Pumps Waters Down Earnings

The HeraldMay 12, 2005

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Summary


WEIR Group said yesterday that trading was in line with City forecasts so far this year, but a fire at the company's pumps plant will hold up sales and a contribution to overall profits.

"The March fire in the UK test shop at Weir Pumps will delay pounds-5m of sales and a pounds-2m contribution, " said Sir Robert Smith, the group chairman.

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Fire at Weir Pumps Waters Down Earnings

Smith told the company's annual meeting in Glasgow that he was confident Weir could recover ...

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