WEIR - broker’s views conflicting but this is a high quality business
Positive final quarter, benefits from the effects of a positive foreign currency translation notably from the strengthening of the US dollar against sterling.
Net debt at 31 December 2008 expected to be lower than the half year figure of £261.7m with operating cash flow generation and the proceeds from the sale of the Materials & Foundries businesses being partially offset by an adverse foreign currency translation effect.
A total of £625m of committed revolving credit facilities, expiring in 2011 in place.
Full year outlook for profit from continuing operations before tax, intangibles amortisation and exceptional items to increase…
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