Friday broker round-up UPDATE
5th Jul 2013 08:09
African Barrick Gold: Nomura lowers target price from 200p to 155p, while upgrading from reduce to buy. Barclays: Bank of America reduces target price from 410p to 370p, while leaving its buy recommendation unchanged. BHP Billiton: Investec ups target price from 1919p to 1926p maintaining a buy re
Read moreThursday broker round-up UPDATE
20th Jun 2013 08:43
Ashtead Group: Jefferies takes target price from 690p to 750p and leaves its buy recommendation unchanged. ASOS: Deutsche Bank increases target price from 3300p to 3800p and reiterates a hold recommendation. Atkins: Liberum Capital takes target price from 1020p to 1100p and maintains a buy recomme
Read moreLamprell signs new banking facility
17th Jun 2013 07:24
Lamprell, provider of engineering and contracting services to the oil and gas industries, has signed a 181m dollar new secured banking facility with a reduced number of five banks. The agreement includes a $100m and a $60m term loan and a $21m revolving credit facility. Lamprell said the new arra
Read moreMonday broker round-up UPDATE
20th May 2013 08:32
Alent: Credit Suisse initiates with a target price of 430p and an outperform rating. Amlin: Morgan Stanley ups target price from 428p to 469p, while maintaining an overweight rating. Anite: Espirito Santo cuts target price from 180p to 165p retaining a buy recommendation. Ashtead Group: UBS takes
Read moreLamprell to wrap up talks with lenders
17th May 2013 10:31
Lamprell, which provides engineering and contracting services to oil and gas industries, is on track to complete discussions with lenders to restructure its debt facilities. Talks with the banks are expected to wrap up by June 30th, according to a trading update on the year to date Friday. The
Read moreTuesday broker round-up UPDATE
26th Mar 2013 07:41
Abbey Protection: Numis downgrades to hold with its target price at 120p. Aberdeen Asset Management: Bank of America raises target price from 425p to 455p keeping a neutral rating. JP Morgan moves target price from 498p to 532p, while its overweight rating remains unchanged. Exane BNP ups target pr
Read moreUnderperforming contracts underpin revenue decline at Lamprell
21st Mar 2013 08:22
Revenue contracted by nine per cent in the year ended December 31st at diversified engineering and contracting services provider Lamprell, financial results have shown. Revenue declined to $1,045m from $1,147.9m in the preceding year as the group said it faced an "exceptional year of challenges" i
Read moreNelson appointed Chief Financial Officer at Lamprell
21st Mar 2013 07:42
Frank Nelson has been appointed Chief Financial Officer with immediate effect at diversified engineering and contracting services provider Lamprell. In addition, Nelson, who had been Interim Chief Financial Officer since November 12th 2012, has been appointed an Executive Director on the board. Jo
Read moreLamprell fined for breaching FSA listing rules
18th Mar 2013 11:42
Lamprell has reached a settlement with the Financial Services Authority (FSA) for failing to inform the market of its deteriorating financial position last year. The oil and gas-focused specialist engineering group said Monday it was fined £2.4m after the FSA ruled it found deficiencies in the comp
Read moreLamprell completes and delivers new wind turbine vessel
18th Feb 2013 09:51
Lamprell has completed the construction of a wind turbine installation vessel known as Windcarrier 2 Bold Tern, an update from the company has shown. The company, which provides diversified engineering and contracting services to the oil, gas and renewables industry, further stated that it had deli
Read moreFriday tips round-up: Icap, Dairy Crest, Centrica
8th Feb 2013 06:57
Tempus yesterday pointed out that one of his picks for 2013, Lamprell, was up 53 per cent so far and suggested investors might take some profits. A second, Thomas Cook, is up 78 per cent so far, after yesterday's update. For him the best option for nervous investors may be that 78 per cent in five w
Read moreThursday broker round-up UPDATE
7th Feb 2013 07:14
African Barrick Gold: Deutsche Bank shifts target price from 415p to 410p, while its hold recommendation is maintained. Ashmore Group: Canaccord Genuity moves target price from 315p to 399p and upgrades to buy. Atkins: JP Morgan takes target price from 859p to 893p and reiterates an overweight rat
Read moreThursday tips round-up: Wolfson, Glaxo, Lamprell
7th Feb 2013 06:57
Accident-prone Wolfson has stumbled again. Fourth-quarter trading was encouraging in terms of revenues, but disappointing, for understandable reasons, on margins. The story at Wolfson has been of a recovery from the annus horribilis of 2008, when Apple scrapped its contract to supply relatively unso
Read moreLamprell wins second rig building contract with Jindal Group
6th Feb 2013 09:10
Oil and gas engineering firm Lamprell has been awarded a new contract award from Dev Drilling, a company within the Jindal Group, based in Singapore, for the construction and delivery of a completely outfitted and equipped, self-elevating mobile offshore drilling platform. Under the agreement, Jin
Read moreOil rig maker Lamprell in talks with lenders
31st Jan 2013 10:47
Lamprell said Thursday it was making progress in talks with lenders to fund future growth of the oil rig maker. The company is continuing the discussions to finance operations as it is likely to post a 2012 loss in line with expectations, according to a trading update. The update comes after Lampr
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