+ Barratt Redrow appoints new CEO + Craneware CEO buys shares
Weir Group, the Glasgow-based mining technology company, posted strong full-year results for 2025 and expects to benefit from growing demand for critical minerals and the adoption of new technologies in sustainable mining.
A solid order book, rising 7% to £2.6 billion and revenue increasing 6% on a constant currency basis delivered a 15% rise in adjusted operating profit to £518 million, with an improved operating margin of 20.2%.
Weir expects further growth and margin expansion in 2026, driven by strategic progress in its growth strategy, including the integration of software solutions and expansion in key markets.
The board is recommending a final dividend of 22.1p per share, taking the full year dividend to 41.7p in line with its policy to pay out 33% of adjusted earnings per share and represents an increase of 4% on the prior year.
Jon Stanton, chief executive Officer said: “In 2025 we made significant strategic progress in advancing our growth strategy with meaningful investments in digital, geographic expansion and product extensions.
“Looking ahead to 2026, I am encouraged by the strength of our business. Our market?leading hardware portfolio and growing suite of software solutions position us to benefit from the long?term structural tailwinds across the mining industry.
“We expect to deliver another year of revenue growth and margin expansion, supported by full year contributions from our recent acquisitions as well as a final £30m of Performance Excellence savings, bringing the total cumulative benefits of the programme to £90m.”
New CEO for Barratt Redrow
Barratt Redrow has appointed Dean Banks as group chief executive. He will take up the role in the final quarter of 2026 and succeed David Thomas who is retiring after 11 years as CEO and 17 years with the company.
Mr Banks will join from Ventia, where he has served as group chief executive since 2021, leading the company through its listing and establishing it as an infrastructure services provider across Australia and New Zealand.
He brings more than 15 years’ senior executive experience in listed global businesses, including Ventia, Balfour Beatty and De La Rue, and has recently announced his intention to return to the UK.
Craneware CEO buys shares
Keith Neilson, chief executive of Scottish software company Craneware has exercised options to acquire 28,628 ordinary shares at 750p each, costing £326,000.
This transaction increases his total shareholding to 3,214,471 ordinary shares, representing 9.05% of the company’s issued share capital.
Metro Bank record
Metro Bank Holdings reported its highest-ever underlying profit before tax of £98 million for the year ended 31 December 2025, a significant improvement from a £14 million loss in the prior year.
This was driven by a 22% increase in net interest income and a 16% rise in revenue.
The bank also achieved a 7% reduction in operating costs, exceeding its guidance, and saw a record 67% growth in new corporate, commercial, and SME lending, while its net interest margin expanded to 2.98%
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