Troubled Sharjah-based London-listed offshore engineering firm Lamprell on 1 July announced the suspension of trading in its own shares after it failed to post 2021 results by the 30 June deadline specified by the UK’s Financial Conduct Authority.

Having on 24 June flagged up “immediate and severe liquidity concerns” (MEES, 24 June), the firm on 27 June failed to make a $26.4mn loan repayment to the UAE Export Credit Agency. (CONTINUED - 187 WORDS)