The turmoil in the US natural gas market has taken its toll on Weir Group, prompting the FTSE 100 engineer to caution that its annual underlying profit could be dragged below expectations.
Weir said that “assuming no significant change in macroeconomic conditions” its full year profit would be £440m-£460m, “with the low end of the range reflecting no improvement compared with the second quarter in upstream oil and gas”.
