Lonmin Share News (LMI)

Wednesday broker round-up

(ShareCast News) - Arrow Global Group: Goldman Sachs reiterates buy with a target price of 340p. Crest Nicholson: JP Morgan keeps at overweight with a 700p target. Shire: Exane BNP Paribas stays at outperform with a target price of 5700p and Jefferies keeps at buy with a target price of 5500p. Woo

Broker tips: Wood Group, Jimmy Choo, Lonmin

(ShareCast News) - Shares in oil and gas services company Wood Group rose on Wednesday as Jefferies initiated its rating on the stock at 'buy'. "The company, in our view, has executed a far more coherent growth/mergers and acquisitions strategy compared to UK Service peers, Amec Foster Wheeler and P

BROKER RATINGS SUMMARY: Go-Ahead Raised By JPMorgan, Cut By Investec

UBS cuts Lonmin to 'sell' on stretched valuation

(ShareCast News) - UBS downgraded Lonmin to 'sell' from 'neutral' but lifted the price target to 140p from 110p, saying the valuation looks stretched following a strong share price performance. The bank said Lonmin achieved good cost performance in the second quarter of 2016, with unit costs down 3%

LONDON BRIEFING: Hollywood Bowl Lifts Some Brexit Gloom With IPO Plan

UPDATE 3-Northam Platinum workers say will not return to work due to safety concerns

* South Africa platinum sector has been marred by labour violence * NUM says six members have been murdered at Northam * Company urges workers to resume after output suspended Monday * Sector is struggling with depressed prices, rising costs (Adds AMCU comment, Northam urges w

LONDON MARKET CLOSE: Miners Stand Out As FTSE 100 Starts Week Higher

Britain's FTSE finishes higher on stronger miners

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details) * Blue-chip FTSE 100 index ends 0.2 pct higher *

Britain's FTSE index edges higher on stronger miners

(ADVISORY- Reuters plans to replace intra-day European and UK stock market reports with a Live Markets blog on Eikon - see cpurl://apps.cp./cms/?pageId=livemarkets for site in development. See the bottom of the report for more details) * Blue-chip FTSE 100 index up 0.2 percent * Mine

Lonmin reduces H1 loss, advances business plan delivery

(ShareCast News) - South African miner Lonmin has flagged significant progress in the delivery of its business plan as it posted a much-reduced H1 pretax loss of $21m, from a loss of $118m. The metals digger mined a total of 5.1m tonnes in the six months to 31 March, of which 76.6% was from core Gen

South Africa's AMCU union to set wage demands for platinum sector

JOHANNESBURG, May 16 (Reuters) - Members of South Africa's Association of Mineworkers and Construction Union (AMCU) will on Thursday begin meetings to decide on pay demands for platinum companies as wage talks loom, a spokesman said on Monday. Manzini Zungu said the union's branches would p

EXTRA: Lonmin Soars As Loss Narrows And Guidance Remains Intact

LONDON MARKET MIDDAY: Miners Supported By Chinese Stimulus Hopes

WINNERS & LOSERS SUMMARY: Markets Unimpressed By British Land Earnings

BUZZ-Lonmin: Soars as H1 reassures investors

** Platinum miner Lonmin's shares up 15 pct, top performers on FTSE Small Cap index, after reporting H1 core profit of $36 mln vs $6 mln loss a year earlier ** Co says cost-cutting ahead of schedule, adds now in net cash position vs net debt at Sept. 30 ** "The results reflect conside