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LAMMon, 12th Jan 2015 17:19
LONDON (Alliance News) - Lamprell PLC Friday said its performance so far in 2014 remains in line with expectations, as it launched a rights issue of shares to raise roughly USD120.3 million and signed commitments for a new USD350 million banking facility. The engineering and contracting ser
Read more- Footsie steady in early trading - US and allies warn Russia of possible further sanctions - More US housing data due out techMARK 2,761.98 +0.15% FTSE 100 6,843.95 +0.04% FTSE 250 15,655.31 +0.25% Equities were slightly higher early on following yesterday's sharp falls worldwide in reaction to w
Read moreLONDON (Alliance News) - UK shares have opened mostly flat Friday, though mid- and small-caps are slightly outperforming, after disappointing European economic data on Thursday has been followed by a dearth of fresh leads Friday.
Intertek leads the FTSE 100 fallers,
Oil engineering group Lamprell has started the year well and is encouraged by the on-going dialogue with a number of prospective clients for new projects. It was also upbeat about the recent $390m contract win with Ensco, management told investors in a trading update for the year to May 15th. New
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LONDON, May 16 (Reuters) - Oil and gas services company Lamprell said on Friday it would raise about $120 million from investors for capital investment to improve productivity, reduce operating costs, and strengthen its balance sheet. The company said the 5-for-16 rights issue would be pric
Read moreOil equipment and services stocks were hit on Friday by a profit warning from sector heavyweight Petrofac, which said that its bottom line in 2014 is likely to weaken due to lower-than-expected earnings from its Integrated Energy Services (IES) division. The company is guiding to a net profit for t
Read moreLONDON (Alliance News) - The following UK shares received analyst recommendations Tuesday morning:
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FTSE 100
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GOLDMAN CUTS ARM PRICE TARGET TO 1450 (1500) PENCE - 'BUY'
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HSBC CUTS BARCLAYS PRICE TARGET TO 285 (315) P
LONDON (Alliance News) - UK shares have opened slightly higher Tuesday following gains on Wall Street over the long Easter weekend.
Merger and acquisition activity and discussion surrounding UK pharmaceutical giants GlaxoSmithKline and AstraZeneca
ARM Holdings: Goldman Sachs cuts target price from 1500p to 1450p and keeps a buy recommendation. Ashtead Group: Investec increases target price from 800p to 1100p and keeps a buy recommendation. Babcock International: Investec cuts target price from 1385p to 1377p, while upgrading to buy. Beazle
Read moreLONDON (Alliance News) - The following UK shares received analyst recommendations Wednesday morning:
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FTSE 100
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S&P CAPITAL IQ CUTS DIAGEO TO 'HOLD' ('BUY') - PRICE TARGET 2000 (2020) PENCE
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S&P CAPITAL IQ RA
Afren: Investec cuts target price from 200p to 195p and stays with its buy recommendation. Alexander Mining: Northland lowers target price from 8.1p to 6.1 and maintains a buy recommendation. Capita Group: JP Morgan ups target price from 1261p to 1279p and maintains an overweight rating. Central
Read moreLONDON (Alliance News) - Lamprell PLC said Tuesday that it had won a new contract with Ensco Intercontinental GmbH, a subsidiary of Ensco PLC, worth around USD390 million. Under the contract, the company will construct and deliver two self-elevating mobile offshore drilling platforms. It ex
Read moreAMEC: Canaccord Genuity takes target price from 1350p to 1400p and leaves its buy recommendation unaltered. Atkins (WS): Numis ups target price from 1600p to 1650p, while downgrading from buy to add. Burberry: JP Morgan reduces target price from 1600p to 1400p and keeps a neutral rating. Capita G
Read moreOil and gas engineering services provider Lamprell´s shares took a knock on Wednesday following the company´s guidance for flat or little-changed revenues this year and next. The reaction looks a little overdone. Such an outlook was to be expected given current subdued industry conditions in the Nor
Read moreLONDON (Alliance News) - Engineering and contracting services business Lamprell PLC Wednesday said it swung to profit in the full-year, driven primarily by strong jackup rig activity and a reduction in facility and corporate overheads costs but warned revenue will be lower in 2014 and 2015.
