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Lamprell PLC Ord 5P (LAM)

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11-Sep-2017 08:11 AM

Lamprell appoints new chairman

Lamprell has appointed John Malcolm as non-executive chairman with effect from 20 September, following the planned retirement of John Kennedy. Malcolm has been an independent non-executive director since 27 May 2013 and the board determined that his stro
15-Aug-2017 10:00 AM

Lamprell agrees settlement with Cameron

Lamprell has reached an amicable settlement with Cameron International Corporation, a subsidiary of Schlumberger Limited in respect of the issues associated with the jacking equipment supplied by Cameron in 2016. The settlement results in Lamprell receiv
31-May-2017 07:35 AM

Lamprell proposed JV in Saudi Arabia

Lamprell has agreed a proposed joint venture to establish a maritime yard for the construction, maintenance and repair of offshore drilling rigs and vessels in Saudi Arabia. Lamprell, through a wholly owned subsidiary, said it had entered into a conditi
24-Mar-2017 07:37 AM

Lamprell in the red as revenues and earnings fall

Lamprell's revenues fell to $705.0m in 2016 from $871.1m the previous year and the group posted a loss from continuing operations after income tax and exceptional items of $182.2m against a profit of $66.5m in 2015. But the group said its underlyin
23-Jan-2017 07:21 AM

Lamprell eyes cautious environment

Lamprell has welcomed recent change in oil and gas market sentiment but believes 2017 will prove a particularly cautious environment and will continue to maintain tight control over expenditure. In a pre-close trading update Lampress said it has retain
06-Jan-2017 12:20 PM

Broker Forecast - Canaccord Genuity issues a broker note on Lamprell PLC

Canaccord Genuity today reaffirms its hold investment rating on Lamprell PLC (LON:LAM) and raised its price target to 100p (from 70p). Story provided by StockMarketWire.com...
25-Nov-2016 07:20 AM

Lamprell wins North Sea wind farm contract

Lamprell has won a new contract award from ScottishPower Renewables for the fabrication of multiple jackets and piles for the East Anglia One Offshore Wind Farm. The East Anglia One project is located in the UK waters of the southern North Sea and aims
04-Nov-2016 07:18 AM

Lamprell delivers jack-up rig to Ensco

Lamprell has delivered the 'Ensco 141' jack-up drilling rig and to Ensco Intercontinental GmbH, a subsidiary of Ensco plc. The contract for the rig was signed in April 2014 and this is the second rig with the LeTourneau Super 116E (Enhanced)
03-Oct-2016 07:29 AM

Lamprell CEO takes up reins

Lamprell has confirmed that Christopher McDonald has now taken up his role as chief executive for the group and as an executive director on the board. James Moffat, who has been in the role of CEO since March 2013, has stepped down but will continue to
30-Sep-2016 07:26 AM

Lamprell delivery

Lamprell has announced the completion of the construction of the 'Shelf Chaopraya' jackup drilling rig and its delivery to Shelf Drilling Ltd. The rig will sail within the next few days for deployment by Shelf at its drilling location, offsho
27-Sep-2016 12:10 PM

Broker Forecast - Liberum Capital issues a broker note on Lamprell PLC

Liberum Capital today downgrades its investment rating on Lamprell PLC (LON:LAM) to hold (from buy) and cut its price target to 81p (from 118p). Story provided by StockMarketWire.com...
26-Sep-2016 07:39 AM

Lamprell contract

Lamprell has received a new contract award from Jacktel AS, a wholly owned subsidiary of Master Marine AS, for the upgrade of the mobile operating unit 'Haven' as an accommodation service vessel for the Statoil 'Johan Sverdrup' field,
22-Sep-2016 08:06 AM

Lamprell revenues up

Lamprell reports a resilient underlying performance for the six months to the end of June in a challenging market. Revenues rose to $451.3m from $351.4m but EBITDA fell to $10,0m from $31.8m and the group posts a loss of $4.4m against a profit of $20.3m
30-Aug-2016 09:30 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Lamprell PLC

JP Morgan Cazenove today downgrades its investment rating on Lamprell PLC (LON:LAM) to neutral (from overweight) and cut its price target to 58p (from 90p). Story provided by StockMarketWire.com...
03-May-2016 07:39 AM

Lamprell to cut admin jobs

Lamprell executive chairman John Kennedy and chief executive James Moffat have agreed to extend their roles while the search for a new CEO continues. The group is also axing about 100 admin jobs to cut overheads. Lamprell says these extensions ensure man
29-Mar-2016 11:00 AM

Broker Forecast - Liberum Capital issues a broker note on Lamprell PLC

Liberum Capital today reaffirms its buy investment rating on Lamprell PLC (LON:LAM) and cut its price target to 135p (from 170p). Story provided by StockMarketWire.com...
24-Mar-2016 09:00 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Lamprell PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Lamprell PLC (LON:LAM) and cut its price target to 122p (from 131p). Story provided by StockMarketWire.com...
26-Jan-2016 11:30 AM

Broker Forecast - HSBC issues a broker note on Lamprell PLC

HSBC today upgrades its investment rating on Lamprell PLC (LON:LAM) to hold (from reduce) and cut its price target to 79p (from 110p). Story provided by StockMarketWire.com...
26-Jan-2016 07:30 AM

Lamprell inks MOU over Saudi maritime complex

Lamprell subsidiary Lamprell Energy Limited has signed a memorandum of understanding with Saudi Aramco (the national oil company of Saudi Arabia), the National Shipping Company of Saudi Arabia (Bahri) and Hyundai Heavy Industries in connection with a pote
14-Jan-2016 03:40 PM

Broker Forecast - Investec issues a broker note on Lamprell PLC

Investec today reaffirms its buy investment rating on Lamprell PLC (LON:LAM) and cut its price target to 140p (from 165p). Story provided by StockMarketWire.com...
04-Dec-2015 11:30 AM

Broker Forecast - Liberum Capital issues a broker note on Lamprell PLC

Liberum Capital today upgrades its investment rating on Lamprell PLC (LON:LAM) to buy (from hold) and set its price target at 170p. Story provided by StockMarketWire.com...
02-Dec-2015 08:10 AM

Broker Forecast - JP Morgan Cazenove issues a broker note on Lamprell PLC

JP Morgan Cazenove today reaffirms its overweight investment rating on Lamprell PLC (LON:LAM) and cut its price target to 131p (from 156p). Story provided by StockMarketWire.com...
27-Nov-2015 07:18 AM

Lamprell's activity

Lamprell, a leading provider of fabrication, engineering and contracting services to the energy industry, has reported that it continues to deliver strong operational performance across all of its facilities. It says all current projects are progressing
12-Oct-2015 07:53 AM

Lamprell promotes Niall O'Connell to COO

Lamprell has promoted Niall O'Connell to the role of chief operating officer with immediate effect. O'Connell joined the group in April 2013 as vice-president (projects) and, since October 2014, has been in the role of vice-president and gener
27-Aug-2015 07:38 AM

Lamprell revenues fall

Lamprell's profit from continuing operations after income tax and after exceptional items fell to $20.3m in the six months to the end of JUne - down from $46.1m. The group said the results were in-line with expectations and lower year-on-year due t

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