UK's Weir falls as quarterly orders disappoint despite steady outlook
Wed 08:28
BUZZ-UK's Weir falls as quarterly orders disappoint despite steady outlook ** Shares of engineering firm Weir WEIR.L down 4.6% at 2,508p, among top losers on FTSE 100 .FTSE
** Company's group orders increased 8% in third quarter
** "We do not feel the group has delivered strong enough order intake in the period to get the street excited in the near-term, and Weir's peers are delivering stronger order intake, which is unhelpful," Jefferies analysts say
** Still, company says it is on track to deliver market expectations
** Including session losses, WEIR stock down 11.8%, YTD
(Reporting by Anushka Chourasia in Bengaluru)