Rig builder Lamprell to cut costs further, shares jump

(Reuters) - Oil-rig builder Lamprell Plc said it was implementing further cost reductions in the face of contract cancellations, pushing its shares up more than 10 percent. Shares in the company rose as much as 10.7 percent to 62 pence on Thursday morning on the London Stock Exchange, earning a spot among the largest gainers on the FTSE small-cap index . Oil services and equipment companies have suffered from contract cancellations as explorers and producers fetched lower prices since the fall i