STOCKS NEWS EUROPE-Lamprell higher on Bassdrill agreement

Shares in Lamprell (LAM.L) rise 3.9 percent, the second highest gainer on the FTSE 250, after it reaches an agreement with Bassdrill Alpha over the terms of the final payment for the tender barge, which is due to be delivered by Lamprell in December.

"The company, having received this money, is now in a position to restore the dividend at the final results having passed at the interim stage," says Peter Hitchens at Panmure.

However, he cautions that the company needs to win one more order before Panmure would turn positive on the shares.

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