Lamprell investors rebel over pay

Shareholders in oil and gas engineer Lamprell yesterday staged a minor revolt over pay, with 11 per cent voting against the directors’ remuneration package. The meeting at the company’s headquarters in Dubai came just weeks after the contractor issued a profit warning in which it said pre-tax loss in the first half to 30 June would slump to around $5m (£3.2m). Chief executive Nigel McCue’s salary is set to rise five per cent to $841,444 while chief operating officer Christopher Hand is in line for a 10 per cent hike to $440,000.