Rig builder Lamprell sees lower revenue, tightens purse strings

(Reuters) - Oil-rig builder Lamprell Plc said it would continue to maintain a tight rein on costs as it stuck to its guidance of lower 2017 revenue and pointed to a "particularly cautious environment" for the year ahead. Shares in Lamprell were down 14.07 percent at 87.87 pence at 0812 GMT, underperforming the FTSE All Share Oil Equipment & Services Index. The rig builder said in a statement on Monday that while it recognises the likelihood of stronger product pricing in 2017, most of its cu