Lonmin Share News (LMI)

Lonmin upgraded by UBS following huge share price slump

(ShareCast News) - UBS upgraded Lonmin to 'neutral' from 'sell', saying the risk/reward is now balanced, with the shares down 84% in the past three months. However, UBS, which cut its price target on the stock to 25p from 45p, said the outlook is still very uncertain. It sees material upside from m

BROKER RATINGS SUMMARY: Exane BNP In Double Upgrade Of Reckitt

BUZZ-Lonmin: UBS raises to "neutral" after share slump

** Platinum miner's shares up as much as 4.8 pct before paring gains after UBS raises rating on co to "neutral" from "sell", cuts PT to 25p from 45p ** Risk/reward is now balanced on shares, analysts say; shares have fallen 87 pct YTD with Tuesday's 22.9p close marginally above co's 20.58p

FTSE 250 movers: Oil services stocks gush, Stagecoach hit by living wage warning

(ShareCast News) - After hitting a six-day low in early trade, the FTSE 250 index closed the session in positive territory on the back of mining and oil & gas sector gains. Vicissitudinous platinum miner Lonmin topped the mid-cap index for the second day as platinum, which is closely linked to the c

FTSE 250 movers: Miners and automotive links hit mid-caps

(ShareCast News) - Like its larger benchmark counterpart, the FTSE 250 index pared early gains to finish Monday's session in negative territory. By the close, the second-line index was down 0.25% to 16,925.69 points. Platinum miner Lonmin, one of the index's most volatile stocks, was down by more t

S.Africa's Amplats sheds troubled mines to focus on mechanisation

* Amplats aims to be low cost miner of precious metal * New strategy to run shallow mechanised mines * Platinum's spot price near 6-1/2-year lows * Sibanye's Froneman to slash costs, transform mine By Zandi Shabalala JOHANNESBURG, Sept 11 (Reuters) - Anglo American P

Malema ejected from South Africa's parliament for calling deputy president "murderer"

CAPE TOWN, Sept 9 (Reuters) - Julius Malema, leader of the leftist Economic Freedom Fighters (EFF) party, was thrown out of the South African parliament on Wednesday after he called Deputy President Cyril Ramaphosa a "murderer". Malema, clad in his party's trade-mark red overalls, was eject

LONDON MARKET CLOSE: Glencore Shines On Debt Reduction Plans

FTSE 250 movers: Booker gains on JPM note, commodity stocks slide

(ShareCast News) - London's mid-cap index was down 1.4% to 16,834.66 at 1611 BST, with commodity stocks pacing the decline as a disappointing nonfarm payrolls report exacerbated worries about a global economic slowdown. Booker was on the front foot as JPMorgan Cazenove raised its price target on the

South Africa's mining jobs pact seen as too little too late

* Mining sector jobs pact seen as toothless * S.Africa faces 25 percent unemployment rate * Falling metal prices, rising costs hobble mines By Zandi Shabalala JOHANNESBURG, Sept 4 (Reuters) - A plan by the South African government and mining companies to stem the wave of j

UPDATE 2-S.Africa's Implats plans $300 mln share sale, cuts capex

* Impala seeks cash from investors to fund projects * Shares punished by the market, down as much as 15 pct * Company sees savings of 1.3 bln rand in 2016 (Adds cash position) By Zandi Shabalala JOHANNESBURG, Sept 3 (Reuters) - Impala Platinum plans to raise 4 billion r

TOP NEWS SUMMARY: UK Service Sector Growth Weakest Since 2013

LONDON BRIEFING: easyJet Leads Positive Open After Strong Summer

LONDON MARKET PRE-OPEN: Futures Point Up With China Closed For Holiday

UPDATE 1-Berkeley promoted to FTSE 100 index, replaces Weir Group

* Berkeley joins FTSE 100, Weir Group out in quarterly reshuffle * Sophos, Circassia, P2P Global added in FTSE 250 index * Lonmin, James Fisher, Premier Farnell leave mid-cap index By Atul Prakash LONDON, Sept 2 (Reuters) - London-focused housebuilder Berkeley Group has pu