LONDON, March 18 (Reuters) - Britain's financial watchdoghas fined oil services firm Lamprell 2.4 million pounds($3.6 million) for failing to keep the market fully informed ofits deteriorating financial position last year.
The Financial Services Authority (FSA) said the penalty wasthe first imposed for breaches of this kind under its newpolicy.
"Lamprell could not adequately monitor its financialperformance against its budget and against market expectationsand therefore failed in its obligations as a listed company tokeep the market fully informed of its deteriorating financialposition during early 2012," the FSA said on Monday.