Less Ads, More Data, More Tools Register for FREE

Pin to quick picksLAM.L Share News (LAM)

  • There is currently no data for LAM

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Lamprell sells Middle East oil services business for $3m

Tue, 02nd Dec 2014 07:54

Oil services group Lamprell is off-loading a non-core Middle East service business for $3m.Lamprell is selling Litwin PEL, an engineering and contracting company that serves the oil and gas, chemical and petrochemical industries in Abu Dhabi, to the Nauvata group of companies.The sale of Litwin, which made losses of $5.3m in 2013, is part of a review by Lamprell of certain service operations that do not form part of its core business."The group will continue with its process to dispose of the other non-core service businesses, but only if acceptable terms can be obtained and subject to board approval," Lamprell said in a statement. Lamprell plans to use the cash from the sale to support general working capital requirements on its core business.
More News
10 Oct 2014 14:06

Sector movers: Cyclicals slump, defensives rise as risk appetite wanes

Cyclical sectors such as mining and oil services were bearing the brunt of the market sell-off on Friday as fears about a global economic slowdown prompted investors to scale back risk appetite. Mining heavyweights such as Antofagasta, Glencore, Fresnillo and BHP Billiton were all under pressure as

Read more
3 Oct 2014 10:29

DIRECTOR DEALINGS: Lamprell Senior Vice President Receives Shares

Read more
18 Sep 2014 12:54

Oil, Life Insurance and Banking would pay steepest price for independence, Liberum says

In a research note published on Thursday afternoon Liberum explains to clients that in the event of Scotland voting in favour of independence then the worst affected sectors would be: Oil, Life Insurance and Banking. The analysts base their call on what happened following the mini-scare of 8 Septemb

Read more
29 Aug 2014 09:27

UK BROKER RATINGS: UBS Upgrades HSBC To Buy From Neutral

Read more
28 Aug 2014 10:59

Lamprell Warns On Lower Revenue In Second Half After Strong Interim

Read more
28 Aug 2014 07:32

UK MORNING BRIEFING: CSR Soars On Bid Report; Xaar Falls On Outlook

Read more
28 Aug 2014 06:20

Lamprell churns bigger profit as projects complete ahead of budget

Aug 28 (Reuters) - Oil rig maker Lamprell Plc's operating profit nearly tripled as it completed four major projects ahead of budget in the first half of the year. The Dubai-based company reported an operating profit of $53.4 million in the six months ended June 30, compared with $19.2 mill

Read more
28 Aug 2014 05:31

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
27 Aug 2014 15:25

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
27 Aug 2014 05:53

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
26 Aug 2014 15:14

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
26 Aug 2014 05:24

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Aug 2014 15:06

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
22 Aug 2014 05:23

UK Earnings, Trading Statements Calendar - Week Ahead

Read more
21 Aug 2014 15:03

UK Earnings, Trading Statements Calendar - Week Ahead

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.