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Cat, Weir up on tumbling revenues

British mineral processing equipment group Weir, and US mining machinery giant Caterpillar, both got some positive reinforcement from equity markets this week despite confirming sales were still on a downward trajectory. Guided earnings, though, remain in view for both companies.

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Weir minerals sales have taken a hit

Weir minerals sales have taken a hit

Weir Group (LSE: WEIR) had gained nearly 13% for the week leading up to today’s Brexit poll result. The manufacturer of processing and fluid handling equipment was capitalised at US$4.2 billion. Caterpillar...

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