Hints and tips:
...Its customers include US-owned Flowserve and SPX as well as BAE, Rolls-Royce and the Ministry of Defence. About 80 per cent of output ends up overseas....
...Traders also picked up on news that Flowserve, the US pumpmaker that has been speculated in the past to be a potential bidder for UK engineers including IMI and Weir had this week pulled out of a conference...
...Flowserve and Caterpillar have also been cited as potential Weir suitors. A “buy” note from Merrill Lynch helped Weir shares, with the broker raising its target to £25 after a factory visit....
...Enter the PowerShares Water Resources ETF, which tracks a variety of water-focused companies like Flowserve, American Water works, and Waters Corp. Surely a drought will be felt here. Thud....
...As a specialist producer in a niche industry – the other big makers of similar safety-critical valves are part of much bigger companies such as Flowserve and Emerson of the US – Severn Glocon is part-protected...
...It had a narrow squeak in 1999, when it saw off a tentative $1bn bid from a US rival, Flowserve. Otherwise, it has been a steady but unspectacular global acquirer....
...In AES’s case, its main rivals in seals are three much bigger companies: John Crane (part of Britain’s Smiths Group) and Flowserve, both of which are based in the US, and EagleBurgmann, in Germany....
...Spirax-Sarco (Add, TP 1575p) and Rotork (Add, TP 1520p) with Flowserve. Rotork with Emerson and so on....
...Weir Group, the Glasgow-based pumps and values manufacturer, was marked 3 per cent higher at 484p after US rival Flowserve reported record third quarter sales overnight....
...In 1999 Weir rejected a £600m takeover approach from US pumps firm Flowserve. Since then it has undergone several restructurings, as well as making a number of business acquisitions and disposals....
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