Ludowici issues overshadow Weir's impressive 2011

Engineering giant Weir hit its 2014 profit targets early, after seeing adjusted pre-tax profits rise by a third in 2011, helped by record performances in its Minerals and Oil and Gas divisions.

Engineering giant Weir hit its 2014 profit targets early, after seeing adjusted pre-tax profits rise by a third in 2011, helped by record performances in its Minerals and Oil and Gas divisions.

The board has recommended a 22% increase in the full-year dividend to 33p per share, up from the 27p payout in 2010.

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