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Rig maker Lamprell expects 2015 revenue below current view

Mon, 12th Jan 2015 07:40

Jan 12 (Reuters) - British rig maker Lamprell Plc said revenue for 2015 would be about 10 percent below currentexpectations as the slump in oil prices hurts its ability tosecure new business.

"While short-term tendering activity will continue at a pacerequired to meet current demand, our ability to carry on winningnew business is contingent on the state of the broaderindustry," the company said in a statement.

Lamprell said its financial performance for the year wouldbe heavily weighted toward the second half. (Reporting by Abhiram Nandakumar in Bengaluru; Editing byGopakumar Warrier)

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Lamprell: Citi reiterates neutral recommendation and raises target to 155p. British Land: JP Morgan ups target to 970p from 950p and stays at overweight. Derwent London: JP Morgan raises target to 3,900p from 3,800p but keeps at overweight. Great Portland Estates: JP Morgan lifts target to 920p fr

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BUZZ-Lamprell: rises as Citi hikes target price

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