Wednesday broker round-up UPDATE
26th Mar 2014 08:51
Aberdeen Asset Management: Citi reduces target price from 455p to 390p and stays with its neutral rating. Acta: Cantor Fitzgerald places both its target price (prev.: 16p) and its buy recommendation under review. Alliance Pharma: Numis shifts target price from 38p to 39p upgrading to add. APR Ene
Read moreLamprell swings back into the black
26th Mar 2014 08:28
- Returns to full-year profit - To continue with cost efficiencies in year ahead - 2014 revenue expected to be lower than 2013 Dubai-based oil rig maker Lamprell said it moved back into profit during its latest financial year but cautioned that revenue in 2014 is expected to be slightly lower than
Read moreIntertek Group buys International Inspection Services from Lamprell
3rd Mar 2014 07:08
Product testing company Intertek Group has bought International Inspection Services (INSPEC), a United Arab Emirates-based provider of non-destructive testing (NDT) services to the oil and gas sector. The business was acquired from Lamprell Energy, a subsidiary of Lamprell, for a total cash consid
Read moreWednesday broker round-up UPDATE
22nd Jan 2014 08:33
Admiral Group: Numis raises target price from 1425p to 1710p upgrading from add to buy. African Barrick Gold: Deutsche Bank moves target price from 180p to 190p and keeps a hold recommendation. RBC Capital takes target price from 220p to 250p and maintains an outperform rating. JP Morgan ups target
Read moreSector movers: Ex-div AMEC drags oil services lower amid M&A speculation
27th Nov 2013 15:40
Heavy falls from engineering firm AMEC were weighing on the oil equipment and services sector on Wednesday after the stock went ex-dividend. New investors from today will no long qualify for AMEC's latest dividend, which usually leads to an automatic drop in price by the amount of the expected payo
Read moreSector movers: Aberdeen boosts financials, Petrofac dampens oil services
18th Nov 2013 15:02
Aberdeen Asset Management was a high riser in London on Monday, providing a lift to the financial sectors as investors celebrated the company's annual results and acquisition of Scottish Widows Investment Partnership (SWIP). The fund management group said that it would buy SWIP from Lloyds for £550
Read moreLamprell lands 64m-dollar rig refurbishment contract
13th Sep 2013 08:12
Aim-listed Lamprell said it had won a 64m-dollar rig refurbishment contract with Millennium Offshore Services Group. The contract involves the conversion of the "MOS Frontier" - a three-legged jack up unit capable of operating in water depths of 300 feet - into an accommodation support vessel capab
Read moreThursday broker round-up UPDATE
5th Sep 2013 08:03
AMEC: Nomura reduces target price from 1300p to 1230p, while reiterating its buy recommendation. Antofagasta: Exane cuts target price from 1200p to 1100p maintaining an outperform rating. Ashtead Group: JP Morgan shifts target price from 729p to 734p and keeps a neutral rating. Associated British
Read moreTuesday broker round-up
3rd Sep 2013 11:13
ASOS: Exane increases target price from 5000p to 6000p and keeps an outperform rating. Associated British Foods: Exane upgrades to outperform with a target price of 2400p. Balfour Beatty: Berenberg ups target price from 270p to 300p and retains its buy recommendation. Barclays: Berenberg takes ta
Read moreFriday broker round-up UPDATE
30th Aug 2013 09:27
Antofagasta: Morgan Stanley cuts target price from 830p to 810p and maintains an underweight rating. ARM Holdings: Deutsche Bank raises target price from 470p to 1080p upgrading to buy. Aviva: Barcalys increases target price from 294.50p to 320p, while its underweight rating remains unaltered. Bw
Read moreLamprell back in profits earlier than expected
29th Aug 2013 14:45
Lamprell's Chief Executive Jim Moffat has steered the oil rig maker back into profits after less than six months in the job. The United Arab Emirates-based company, which yesterday admitted Finance Director Frank Nelson was leaving for personal reasons, said results in the first half had beaten exp
Read moreThursday broker round-up UPDATE
29th Aug 2013 09:48
Afren: Westhouse Securities shifts target price from 160p to 165p and reiterates a buy recommendation. BAE Systems: Bank of America raises target price from 328p to 412p, while staying with its underperform rating. Cape: JP Morgan takes target price from 308p to 323p and stays with its overweight
Read moreLamprell's CFO steps down for personal reasons
28th Aug 2013 15:31
Lamprell, which provides engineering and contracting services to oil and gas companies, said its Chief Financial Officer Frank Nelson is stepping down. The United Arab Emirates based company said Nelson was leaving to return to the UK for "personal reasons". Joanne Curin, an experienced Financial
Read moreSector movers: M&A activity boosts oil-services sector, Kentz jumps
19th Aug 2013 15:59
Two rejected takeover proposals for Kentz Corporation gave London's oil services sector a lift on Monday, with the FTSE 250 constituent rising by as much as a quarter in afternoon trade in the hope that this could signal the start of a bidding war. Kentz rocketed after saying that it has rebuffed a
Read moreLamprell signs debt refinancing deal
19th Jul 2013 07:38
Oil rig maker Lamprell has struck a deal for the refinancing of its debt facilities. Having told the market in June that it had received binding commitment letters for the arrangement of a new banking facility, it said it had now signed a definite agreement. It said the deal was subject to certain
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