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Lamprell, which provides engineering and contracting services to oil and gas industries, is on track to complete discussions with lenders to restructure its debt facilities. Talks with the banks are expected to wrap up by June 30th, according to a trading update on the year to date Friday. The
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LONDON, May 17 (Reuters) - Oil rig maker Lamprell said it is on track to restructure its debt and agree revised covenants by the end of June, as the company recovers from a 2012 loss. The company said its performance for the year so far was encouraging and in line with management expectati
Read moreAbbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read more* $105 mln 2012 loss vs $74 mln 2011 profit * Sees gradual return to profit this year * Order book at $1.3 bln, bid pipeline of $4.1 bln * No 2012 dividend * Shares up 4.4 pct By Lorraine Turner and Rhys Jones LONDON, March 21 (Reuters) - Oil rig maker Lamprell
Read moreRevenue contracted by nine per cent in the year ended December 31st at diversified engineering and contracting services provider Lamprell, financial results have shown. Revenue declined to $1,045m from $1,147.9m in the preceding year as the group said it faced an "exceptional year of challenges" i
Read moreFrank Nelson has been appointed Chief Financial Officer with immediate effect at diversified engineering and contracting services provider Lamprell. In addition, Nelson, who had been Interim Chief Financial Officer since November 12th 2012, has been appointed an Executive Director on the board. Jo
Read moreLamprell has reached a settlement with the Financial Services Authority (FSA) for failing to inform the market of its deteriorating financial position last year. The oil and gas-focused specialist engineering group said Monday it was fined £2.4m after the FSA ruled it found deficiencies in the comp
Read more* FSA's first such fine based on market capitalisation * Lamprell says settled early so it could move on (Adds more detail, company reaction) LONDON, March 18 (Reuters) - Britain's financial watchdog has fined oil services firm Lamprell Plc 2.4 million pounds ($3.6 million) for fail
Read moreLONDON, March 18 (Reuters) - Britain's financial watchdog has fined oil services firm Lamprell 2.4 million pounds ($3.6 million) for failing to keep the market fully informed of its deteriorating financial position last year. The Financial Services Authority (FSA) said the penalty was the f
Read moreLamprell has completed the construction of a wind turbine installation vessel known as Windcarrier 2 Bold Tern, an update from the company has shown. The company, which provides diversified engineering and contracting services to the oil, gas and renewables industry, further stated that it had deli
Read moreTempus yesterday pointed out that one of his picks for 2013, Lamprell, was up 53 per cent so far and suggested investors might take some profits. A second, Thomas Cook, is up 78 per cent so far, after yesterday's update. For him the best option for nervous investors may be that 78 per cent in five w
Read moreAfrican Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreAccident-prone Wolfson has stumbled again. Fourth-quarter trading was encouraging in terms of revenues, but disappointing, for understandable reasons, on margins. The story at Wolfson has been of a recovery from the annus horribilis of 2008, when Apple scrapped its contract to supply relatively unso
Read moreUK small caps close 0.3 percent higher, outperforming the blue chips, up 0.2 percent, but lagging the mid-caps, which gain 0.8 percent. Flybe surges 20.7 percent after agreeing with Ryanair that it will set up Flybe Ireland in the event the Irish airline completes a takeover of Aer Lingus.<
Read moreUK small caps are up 0.2 percent, lagging both the mid-caps, up 0.8 percent, and the blue chips, up 0.3 percent. Lamprell gains 8.2 percent after the energy services company wins a contract to build an outfitted, equipped and self-elevating mobile offshore drilling platform with Jindal Grou
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