Reuters: Hot Stocks: CORRECTED-Weir pares losses on UK govt shale gas investment comments

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

CORRECTED-Weir pares losses on UK govt shale gas investment comments Mar 20th 2013, 13:18 Wed Mar 20, 2013 9:18am EDT LONDON, March 20 (Reuters) - Engineer Weir Group pared earlier losses after British finance minister George Osborne said in his budget statement to parliament on Wednesday that the UK government would to promote early shale gas investment. Shares in Weir, which makes pumps used in extracting shale gas, were trading down 0.4 percent at 2,316 pence by 1314 GMT, recovering from a session low of 2,274 pence. "I am introducing a generous new tax regime, including a shale gas field allowance, to promote early investment. And by the summer, new planning guidance will be available alongside specific proposals to allow local communities to benefit," Osborne said. "Shale gas is part of the future. And we will make it happen."

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions