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BUZZ-Lonmin: Soars as H1 reassures investors

Mon, 16th May 2016 08:22

** Platinum miner Lonmin's shares up 15 pct, topperformers on FTSE Small Cap index, after reporting H1core profit of $36 mln vs $6 mln loss a year earlier

** Co says cost-cutting ahead of schedule, adds now in netcash position vs net debt at Sept. 30

** "The results reflect considerable progress concerningcost cuts, yet some weakness in operational performance that islargely seasonal and should be caught back," Investec analystswrite in note

** Lonmin's shares fell 96 pct in 2015, hurt by rising costsa prolonged slump in platinum prices, and priced a $400 mlnrights issue at only 1p (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)

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29 Jun 2018 15:49

Lonmin To Sell 50% Stake In Petrozim Line For USD14.8 Million

LONDON (Alliance News) - Lonmin PLC said Friday that it will sell its 50% stake in Petrozim Line Ltd to the National Oil Infrastructure Co of Zimbabwe Ltd for USD14.8 million.In addition,

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31 May 2018 12:49

Sibanye Remains Convinced Of Lonmin Buy Benefits As Deal Progresses

LONDON (Alliance News) - Platinum group metals producer Sibanye-Stillwater Ltd on Thursday said its takeover of Lonmin PLC is progressing as planned, as it aimed to reassure investors in light of

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21 May 2018 17:34

LONDON MARKET CLOSE: Stocks Hit Record Highs As Trade Tensions Cool

LONDON (Alliance News) - Stocks in London surged to fresh record highs on Monday as investor sentiment was buoyed by the prospect of a US-China ceasefire as trade tensions between the two global FTSE

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14 May 2018 07:44

LONDON MARKET PRE-OPEN: Centrica Doing Well; Indivior Ends Dispute

LONDON (Alliance News) - Stock prices in London are seen opening marginally lower on Monday as a stronger pound drags the FTSE 100 index, as Centrica reported improved performance in

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16 Mar 2018 08:24

Sibanye-Stillwater Submits Competition Authority Filing For Lonmin Bid

LONDON (Alliance News) - Lonmin PLC said Friday that Sibanye-Stillwater has submitted a filing to South African competition authorities regarding its proposed GBP285 to

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13 Mar 2018 16:42

Lonmin Non-Executive Director Len Konar To Retire From Board

LONDON (Alliance News) - Lonmin PLC said Tuesday that Non-Executive Director Len Konar has decided to retire to pursue an international opportunity.Konar has been a of

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8 Mar 2018 15:40

UK Shareholder Meetings Calendar - Next 7 Days

Friday 9 MarchArden PartnersMonday 12 Marchno events 13 Commodities Income Investment

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27 Jan 2017 14:09

Friday broker round-up

(ShareCast News) - Diageo: Berenberg reiterates buy with a target price of 2430p. Royal Dutch Shell A: HSBC reiterates buy, 2600p target. Vodafone: Deutsche Bank reiterates buy with a 285p target. Anglo American: UBS reiterates neutral with a 1250p target. Easyjet: Deutsche Bank reiterates hold w

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26 Jan 2017 12:49

Lonmin reports lower output as protesters demand compensation

* Share price falls sharply * Analysts doubt Lonmin's ability to deliver on sales guidance * Protest at London AGM demands compensation By Zandi Shabalala LONDON, Jan 26 (Reuters) - Lonmin reported weaker than expected output on Thursday, causing analysts to raise doubts o

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19 Jan 2017 16:18

UK Shareholder Meetings Calendar - Next 7 Days

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9 Jan 2017 17:00

Monday broker round-up

(ShareCast News) - Reckitt Benckiser: Berenberg reiterates hold with a target price of 7300p. EnQuest: Jefferies upgrades to buy with a 64p target. Booker: HSBC stays at buy with a 220p target. Anglo American: Barclays reiterates overweight with a 350p target. ICAP: HSBC upgrades to buy with a 52

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7 Jan 2017 21:23

RPT-UPDATE 2-Zuma's ex-wife given boost in South Africa leadership race

(Repeats to additional subscribers) * ANC women's league backs Dlamini-Zuma as party leader * Party to pick successor to President Zuma in December * Dlamini-Zuma is Zuma's ex-wife, African Union chair * Vice President Ramaphosa expected to be main rival By Joe Brock

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15 Dec 2016 15:17

South Africa's Zuma studying report on suspended police commissioner

JOHANNESBURG, Dec 15 (Reuters) - South Africa's President Jacob Zuma has received the final report submitted by a watchdog investigating allegations of misconduct of the suspended national police commissioner, his office said on Thursday. Zuma launched an investigation into Riah Phiyega's r

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14 Dec 2016 09:32

BROKER RATINGS SUMMARY: Deutsche Bank Cuts Centrica To Sell From Hold

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12 Dec 2016 16:00

Lonmin promises housing plan after S. Africa's Zuma threatens to revoke permit

* Zuma says Lonmin must file compliant plan or risk losing permit * Warning puts pressure on Lonmin to spend on workers' housing By Tiisetso Motsoeneng JOHANNESBURG, Dec 12 (Reuters) - South Africa-focused platinum miner Lonmin is confident of submitting a plan to build workers'

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