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Weir poised to join the elite with promotion to FTSE-100

FTSE Group has revealed Glasgow engineering company Weir is above 90th position in the size league of UK stock market-listed companies, the level required for promotion to the prestigious FTSE-100 index of leading shares.

Weir Group, which has since Thursday last week enjoyed a £297 million leap in its stock market worth to about £2.68 billion, will be elevated to the top flight if it is above 90th spot when the stock market closes on Tuesday next week.