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Oil and gas engineering firm Lamprell has been awarded a new contract award from Dev Drilling, a company within the Jindal Group, based in Singapore, for the construction and delivery of a completely outfitted and equipped, self-elevating mobile offshore drilling platform. Under the agreement, Jin
Read moreLamprell said Thursday it was making progress in talks with lenders to fund future growth of the oil rig maker. The company is continuing the discussions to finance operations as it is likely to post a 2012 loss in line with expectations, according to a trading update. The update comes after Lampr
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Jan 31 (Reuters) - Oil rig maker Lamprell said it had made good progress in talks with lenders to refinance its debt, and it was likely to post a 2012 loss in line with its expectations. The company, which negotiated waivers for its banking covenants earlier this month, said talks with lend
Read moreAnglo American: JP Morgan takes price target from 1630p to 1680p, while its underweight rating remains unchanged. ARM Holdings: Jefferies raises target price from 693p to 805p keeping a hold recommendation. Astra Zaneca: Barclays ups target price from 3100p to 3200p and retains an equal-weight rat
Read moreLamprell shares soared to their highest in six weeks on Wednesday after the oil rig maker received banking waivers for its debt facilities. Shares jumped over 15% as the company said it had succeeded in negotiating waivers to its banking covenants which were due to be tested on December 31st. The
Read more* Secures waivers with lenders * Net cash position $100 mln at year-end * Wins $40 mln contract * Shares up 17 percent LONDON, Jan 2 (Reuters) - Oil rig maker Lamprell said it had been successful in negotiating waivers to its banking covenants and was making progress on a wider deal to provide long
Read moreThe FTSE Small Caps index is up 0.6 percent in early deals on the first session of 2013, lagging much bigger gains by the blue chips and the mid caps, which jump 1.5 percent and 1.4 percent respectively. Lamprell jumps 15 percent after the oil services firm says it has received the necessary waivers
Read moreIn his column on Tuesday morning the Times´s Tempus sets out his 10 stock picks for the coming year. This time he is concentrating on what he terms, "strong performers with a good dividend yield," which he suspects will play well if interest rates remain low, a couple of corporates he believes the m
Read moreWood Group dragged the oil services sector into the red on Thursday following a pre-close trading update which pointed to mixed trading in its Engineering division. The company said that it expects to deliver "good growth" this year in line with expectations, but shares dropped 3.7% to 740p in afte
Read moreTempus in The Times says that reading the news headlines and you might have expected Homeserve to have ceased to exist as a viable business. The provider of domestic cover for broken boilers, blocked drains and burst pipes, which was forced to suspend sales and marketing cold-calling last autumn, wa
Read moreBeowulf Mining: Seymour Pierce initiates coverage with a buy recommendation and a target price of 18p. Berkeley Group: JP Morgan raises target price from 1616p to 1620p, overweight rating kept. Blinkx: Citigroup downgrades from buy to neutral. Compass Group: Investec raises target price from 740p
Read moreStocks advanced on Monday morning as optimistic comments by US lawmakers over the weekend regarding the budget lifted hopes that the government will come to an agreement to avert the impending 'fiscal cliff' by the January 1st deadline. "Today has very little in terms of economic data to be announc
Read moreShares in Lamprell faltered then jumped after it announced details of even greater losses for 2012, but said it was on the road to recovery. The oil and gas engineering firm now anticipates a total projected loss for 2012 of around $105m. The costs were pinpointed by an independent review of the b
Read moreAquarius Platinum: Nomura raises target price from 35p to 95p and upgrades from neutral to buy. Associated British Foods; Societe Generale upgrades to buy from hold. Atkins: Jefferies reduces target price from 850p to 800p, buy recommendation reiterated. Aveva: Panmure Gordon reduces target price
Read moreAMEC: Nomura raises target price from 1240p to 1340p, buy rating remains unchanged. Barclays Capital reduces target price from 1350p to 1320p, underweight rating kept. Atkins (WS): Investec reduces target price from 727p to 700p, hold recommendation maintained. Barr AG: UBS raises target price fro
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