Energy markets-focused engineer Lamprell was battered after sneaking out a profit warning on Thursday after the London market closed, saying that it now expects to make a half-year loss of between $15m and $20m, compared with earlier guidance of "a small loss". The group also said that Chairman Jonathan Silver would step down. [8 Jun '12]
Credit Suisse has raised its target price for utilities giant National Grid (NG) and reiterated its outperform rating, saying that Ofgem's new RIIO regulation presents a 2.5bn-pound opportunity for the group. [8 Jun '12]
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