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1 Nov 2011 11:50

Lamprell wins $200m contract

Lamprell, a specialist engineering firm serving the oil and gas industry, has been awarded two new construction contracts by Nexen Petroleum UK worth in excess of $200m. The first of the contracts, which relate to the Golden Eagle Development in the UK North Sea, involves constructing a two level

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31 Oct 2011 14:02

Lamprell appoints new chief financial officer

Lamprell, a specialist engineering firm serving the oil and gas industry, has appointed a new chief financial officer. Jonathan Cooper took over the role with effect from 30 October as Scott Doak stepped down, taking over the role of intergration and development director instead. The share price

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18 Oct 2011 14:33

FTSE 250 Movers: Miners fall, Bellway bucks trend

Bellway was the top riser after it saw its full-year profits come in ahead of market expectations. Profit before tax in the year to the end of July hit £67.2m, up from £44.4m in 2010 and higher than the consensus forecast of £63.8m. However, it was the miners who were the big fallers, dominating t

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18 Oct 2011 12:22

London midday: Stocks stuck lower amid growth concerns

The leading share index remains under pressure, with a slight slowdown in Chinese growth the latest development to jangle nerves over the state of the economy. Latest talk is that increasing the capacity of the European Financial Stability Fund which would be used to bail out stricken Eurozone coun

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18 Oct 2011 09:21

UPDATE: Tuesday broker round-up

BP: UBS raises target from 450p to 480p, keeps buy rating. Whitbread: Peel Hunt keeps buy stance and 2,096p target. Whitbread: Evolution Securities confirms buy recommendation and 1,750p target. F&C Asset Management: Singer Capital Markets cuts target from 70p to 65p, fair value rating kept. Be

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18 Oct 2011 08:24

London open: Stocks fall as China adds to euro worries

Stocks are under pressure in early dealings as the seemingly never-ending Eurozone saga rumbles on and growth figures from China raise eyebrows. CHINA ON THEIR MIND Latest talk is that increasing the capacity of the European Financial Stability Fund which would be used to bail out stricken Eurozon

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18 Oct 2011 07:59

Lamprell to build boats on stilts for Abu Dhabi

Lamprell, a specialist engineering firm serving the oil and gas industry has announced the National Drilling Company (NDC) of Abu Dhabi is exercising its option for Lamprell to build two "jack-up rigs". A jack-up rig is a platform that can stay still on the sea floor but then be moved if necessary.

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12 Oct 2011 16:36

London close: Higher finish after choppy day

London's leading share index closed in the blue as worries over the Slovak parliament's rejection of the European Financial Stability Fund (EFSF) gave way to optimism that it will be passed. SLOVAK SEE-SAW Late Tuesday night, just 55 of the 150 MPs in Slovakia's parliament voted in favour of expan

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12 Oct 2011 13:24

FTSE 250 Movers: Premier Foods down after 'shocking' results

Premier Foods plummeted after Exane's analyst Jeff Stent branded the firm's third-quarter results as "shocking" and said that he failed to see "an equity escape route" for the company. The broker has valued the firm's stock at -5.4p, a devastating blow for the company which has already issued two

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12 Oct 2011 12:05

London midday: Stocks rally as Slovak shock fades

London's leading share index has staged an impressive rally with worries following the Slovakian parliament's rejection of the euro bailout fund giving way to hopes that the small central European state will soon ratify the deal. SLOVAK HEADACHE, GERMAN REASSURANCE Late Tuesday night, just 55 of t

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12 Oct 2011 09:16

UPDATE: Wednesday broker round-up: Goldman takes down Man and SSE

Man: Goldman Sachs takes target price down to 230p from 290p. Scottish & Southern: Goldman Sachs adds to 'Conviction sell' list. Imperial Tobacco: Credit Suisse reiterates overweight. United Utilities: Morgan Stanley downgrades to 'neutral'. Robert Walters: Credit Suisse retains at neutral and

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12 Oct 2011 07:18

Lamprell on track

Lamprell, a provider of engineering and contracting products to the oil and gas and renewables industry, has said that it believes that its net earnings for the 2011 full year will be in line with market expectations. The company has almost completed the design phase of its windfarm liftboat proje

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30 Aug 2011 16:32

London close: Miners, banks lead the surge

The FTSE 100 traded higher on Tuesday, following through on this morning's impressive start, as the index attempted to play catch-up after missing out on yesterday's rally due to the Bank Holiday. Royal Bank of Scotland led the risers on the blue chip index after Deutsche Bank upped its rating for

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30 Aug 2011 08:07

Lamprell doubles revenue

Oil rig services group Lamprell reported a 40% rise in half year net profit, more than doubled revenue and is confident of continued progress. Adjusted net profit rose to $27m for the six-month period ended 30 June 2011 from $19.3m the year before. Revenue more than doubled to $383.6m from $189.3m

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14 Jun 2011 15:44

FTSE 250 movers: Avis Europe soars on bid excitement

Avis Europe surged by more than a half on the news that the Avis car hire brand is set to return to single ownership after US operator Avis Budget launched an agreed bid. Avis Budget will offer 315p cash for each Avis Europe share in a deal that values the UK listed company at around £636m. The mi

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