Broker snap: Nomura downgrades Lamprell on poor execution outlook
21st May 2012 09:48
Nomura has downgraded its recommendation for oil, gas and energy engineer Lamprell from buy to reduce following last week's profit warning. The group said it will most likely make a small loss in the first half of the year (though a recovery is expected in the second half) after it was negatively a
Read moreMonday broker round-up
21st May 2012 09:23
Aegis: Macquarie downgrades from neutral to underperform. British Land: Investec keeps buy rating and 540p target. BTG: Jefferies reiterates buy rating and 410p target. Informa: Investec maintains buy recommendation and 495p target. ITE Group: Investec keeps buy rating and 260p target. Kingfish
Read moreThursday broker round-up
17th May 2012 09:36
African Barrick Gold: Goldman Sachs upgrades from sell to neutral. Amlin: Nomura maintains neutral rating and 383p target. Aviva: Shore Capital downgrades from buy to hold; Nomura keeps buy rating and 600p target. Babcock: Liberum Capital downgrades from buy to hold. Brammer: Westhouse Securitie
Read moreThursday tips round-up: SSE, Ricardo, Lamprell
17th May 2012 06:55
SSE, formerly Scottish and Southern Energy, has seen profits down as a result of a warmer winter, and higher wholesale gas prices. It's also suffered from having to stop controversial door-to-door sales, a process which cost 60m pounds. Despite a prospective yield of 6.4 per cent, Tempus in the Tim
Read moreFTSE 250 movers: Ophir races into top spot on acquisition news
16th May 2012 16:04
Oil and gas group Ophir Energy was a high riser after announcing that its joint venture with BG Group found its fifth consecutive gas discovery in Tanzania with the Mzia-1 well in Block 1 showing "significant potential upside". Digital sports media company Perform Group jumped after announcing tha
Read moreLondon midday: Greece, UK concerns pull Footsie to five-month low
16th May 2012 11:34
- Footsie nears five-month low - Potential Greek exit grips markets - Bank of England cuts GDP forecast, unemployment falls Concerns over a potential exit of Greece and growth in the UK were weighing on the FTSE 100 by Wednesday lunchtime, with the Footsie sinking to intraday levels not seen since
Read moreLondon open: Footsie at lowest levels since mid-December
16th May 2012 09:04
- Greek concerns dent Footsie again - Glencore, Sainsbury fall after going ex-dividend - Lamprell tanks on FTSE 250 London's FTSE 100 suffered a third straight sell-off on Wednesday, sending the blue chip index to a near five-month low in early trading on the back of concerns over the political si
Read moreLamprell dives on supply chain issues
16th May 2012 08:17
Oil and gas engineering firm Lamprell has seen its share price plunge after it warned that its performance is being severely hampered by the paucity of specialised jack-up rig components. The group said it will most likely make a small loss in the first half of the year, though a recovery is expect
Read moreLamprell director sells another load of shares
3rd May 2012 15:20
Scott Doak, the Integration and Development Director of Lamprell, the FTSE 250 oil and gas engineering firm, has once again diminished his stake in the firm, this time selling 200,000 shares. The sale, which follows his decision to drop 21,679 the previous week, was made in the same week the compa
Read moreLondon close: US manufacturing data fuels late surge
1st May 2012 16:38
- US data offsets disappointing figures from China, UK - Lloyds leads banks higher, Man Group tumbles - Chemring gains 20pc after contract win With markets cautious early on after some disappointing manufacturing data from China and the UK, an upwards surprise in manufacturing figures Stateside gav
Read moreFTSE 250 movers: Chemring advances as CSR is left behind
1st May 2012 14:52
Pyrotechnics and military counter-measures specialist Chemring surged on Tuesday after announcing two new orders, one big and one small. Its Chemring Countermeasures subsidiary has been awarded a five-year agreement with the UK Ministry of Defence, worth an initial £21m, while in the US, its Non-I
Read moreLondon midday: Lloyds makes gains as stocks shrug off PMI data
1st May 2012 11:35
- UK, China PMIs disappoint - Lloyds provides a lift, Man Group and BP drop after updates - European, Asian markets closed; US open With most European and Asian markets closed today for May Day, the Footsie was trading only slightly higher by Tuesday lunchtime as some worse-than-expected manufactur
Read moreLondon open: UK stocks rise on quiet day for global markets
1st May 2012 08:28
- Several bourses closed for May Day - Chinese manufacturing PMI below expectations - Lloyds impresses, BP doesn't With most markets in Asia and Europe closed for May Day on Tuesday, London's FTSE 100 opened with moderate gains as some well-received results from Lloyds and Imperial Tobacco provided
Read moreLamprell secures big rig contract
1st May 2012 07:51
Oil and gas engineering firm Lamprell said it had secured a 227 million dollar contract from an unnamed drilling contractor to build one of its popular jackup rigs. The rig is designed to operate in water depths of up to 350 feet and will be able to drill to a depth of 30,000 feet. The work will b
Read moreLamprell director sells shares as firm unveils plans for new rigs
27th Apr 2012 16:18
Scott Doak, the integration and development director of Lamprell, the FTSE 250 oil and gas engineering firm, has slimmed down his stake in the same week the company announced plans to build two further rigs for Abu Dhabi's National Drilling Company. In a sale made on April 24th, Doak ditched 21,67
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