Forex weighs on Weir Group profit as U.S. business booms

British engineering firm Weir Group (WEIR.L) reported on Thursday a 7 percent fall in first-half operating profits as the impact of a strong pound outweighed a booming U.S. shale business. Weir, which makes pumps and valves for the mining, oil and gas industries, saw 10 percent growth in orders to 1.24 billion pounds in the period ended July 4. Weir shares were down 3.19 percent at 2,585 pence ...