London, Jan 19, 2026, 10:55 GMT — Regular session
- By 10:32 GMT, shares of Weir Group dipped 0.9% to 3,060p, remaining near the top of their 52-week trading band
- European shares edged down after Trump warned of new tariffs aimed at eight European countries
- Traders are focused on this week’s Davos headlines and gearing up for Weir’s next earnings report, expected in early March
Shares of London-listed Weir Group (WEIR.L) dipped 0.9% to 3,060 pence by 10:32 a.m. GMT on Monday, retreating after a strong run over the past year. 1
The mining-equipment supplier has been viewed as a simple play on major miners’ capital expenditures. Yet, its share price has slipped sharply from recent peaks. Small shifts on paper often pack a bigger punch when investors grow cautious.
The shift came fast after President Donald Trump warned of new tariffs on imports from eight European countries, pushing investors toward safer assets. “It’s highly likely that the White House will use the threat of tariffs consistently,” said George Lagarias, chief economist at Forvis Mazars. 2
Stocks slipped across Europe as volatility edged up, with London’s FTSE 100 down 0.5% by 9:32 a.m. GMT, Reuters reported. ING economists called the tariff rationale “even more political and less economic.” Kyle Rodda, senior financial market analyst at Capital.com, flagged potential “downside pressure” on equities, pointing out that thin volumes from the U.S. holiday could intensify moves. 3
Weir produces pumps, crushing equipment, and wear parts for hard-rock mining. Its order forecasts are often seen by investors as a key indicator of miners’ confidence and their plans for capital spending.
Gold and silver surged to record highs as investors sought safe havens following the tariff shock, while equities faltered. This could lift miners’ cash flow but might pressure suppliers if boards delay big projects. 4
But the trade threat cuts both ways for Weir. If it drags on and hits growth forecasts, miners could put new project approvals on hold, squeezing demand for fresh gear.
Weir leans heavily on aftermarket revenue, which comes from spare parts and services linked to equipment hours instead of new mine builds. This income can steady earnings when activity dips, but it rarely shields the stock during broad de-risking sell-offs.
Investors are focused on Weir’s next earnings report to gauge order momentum and margin trends. Investing.com notes the update is set for March 4.
Politics step into the spotlight ahead of the World Economic Forum annual meeting, set for Jan. 19–23 in Davos. Trade and tariff issues are expected to dominate the agenda once again. 5
