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Lonmin and Market Latest NewsYahoo! Finance: LMI.L NewsLondon close: Thumbs down for company updates (ShareCast) Company updates gave traders plenty to mull over and after an uncertain start to the day, shares closed firmly in the red.
London close: Flat finish for Footsie (ShareCast)The day that was not without excitement, but shares were little changed overall amid uncertainty ahead of European banking stress tests due after the close.
Broker tips: Vodafone, IMPs, Lonmin (ShareCast)The first quarter interim management statement from Vodafone for the three months to 30 June was ahead of expectations, Killik said, with a return to organic service revenue growth driven by a strong performance in emerging markets.
Broker snap: Panmure still down on Lonmin (ShareCast)Panmure Gordon's initial reaction to third quarter production numbers from Lonmin was that the platinum miner had left itself too much to do to hit full year production targets, but the broker has been comforted by a conversation with the management and has now raised its sales forecast.
Market overview: Footsie back over 5,300 (ShareCast)1630: London closed at its best for over two months as gains for Rolls-Royce, Serco, Kazakhmys and Invensys outweighed a disappointing day for software giant Autonomy. Strong US earnings numbers lifted all manufacturing-related companies. Rolls-Royce also got a boost from the Farnborough airshow's orders. An upbeat trading statement from rival Capita lifted outsourcer Serco. On the downside, Autonomy fell after only meeting expectations for its first half even though these were a record. Imperial Tobacco also dipped. FTSE 100 up 99 at 5,314.
Market overview: One-month best for Footsie (ShareCast)1600: London is up 101 points at 5,315, the highest it's been for over a month. It last traded above 5,300 on 21 June. Wall Street is up 208 with just half hour to go befor the UK shuts up shop.
London afternoon: Advance stalls (ShareCast)Shares moved sideways over the lunch-time session with investors keeping their powder dry ahead of day two of US Federal Reserve Chairman Ben Bernanke's testimony in the US Senate. Yesterday the Fed chairman's downbeat comments stopped a Wall Street rise in its tracks.
London midday: Morning ends on a high (ShareCast)Better than expected UK retail sales gave equities a mid-morning boost and the FTSE 100 index finished the morning session close to its highest point of the day so far.
UPDATE 2-Lonmin Q3 sales halve, sticks to annual target (Other)Lonmin confident of strong fourth quarter (ShareCast) South African platinum miner Lonmin saw output from its underground mining operations increase quarter on quarter in the April to June period.
UPDATE 1-Lonmin Q3 sales halve, sticks to annual target (Other)Market overview: FTSE 100 up 75 (ShareCast) 1630: close Profit takers moved in late in the afternoon to deny the Footsie a triple digit gain. The FTSE 100 index rose 75 points to 5,215, breaking a five-day losing streak. Banking shares Lloyds, Barclays and Royal Bank of Scotland were three of the five most heavily traded stocks, but it was mining stocks that posted tghe big gains as the price of copper surged. The market gave the thumbs-up to Reckitt's £2.54bn bid for SSL. At the opposite end of the mergers and acquisitions scale BSkyB confirmed it is offloading its netowrking arm, Easynet, for £100m to a private equity group.
FTSE 100 movers: Footsie rises on the back of strong miners (ShareCast)Mining stocks lead the surge in the Footsie as copper inventories continue to decline.
Market overview: FTSE 100 up 78 (ShareCast)1345: Mining stocks are among the best performers in a buoyant FTSE 100 as metals prices rise. Kazakhmys leads the sector - and the FTSE 100 - higher. Antofagasta, Xstrata, Vedanta Resources and Eurasian Natural Resources also climb. British Airways has also gained altitude. US authorities have told it, American Airlines and Iberia they are free to run a joint business on transatlantic flights after granting the trio anti-trust immunity. Among the handful of fallers are defensive stocks such as Imperial Tobacco and Astrazeneca. FTSE 100 up 90 at 5,230.
Market overview: MPC votes 7-1 in favour of no rate change (ShareCast)0930: Bank of England Monetary Policy Committee voted 7-1 in favour of keeping interest ratges unchanged in July, the same as in June. The committee voted 8-0 in favour of leaving quantitative easing policy unchanged.
London open: Bids spur Footsie higher (ShareCast)Buyers are scrambling to find anything with the slightest chance of being bid for after Reckitt Benckiser snapped up SSL this morning for £2.5bn.
Market overview: C&W slumps, Footsie slips (ShareCast)1630: Shares in Cable & Wireless Worldwide slumped after warning on profits, but the FTSE 100 closed just a few points lower as strength in the mining sector softened the blow.
Market overview: C&W slumps, Footsie slumps (ShareCast)1630: Shares in Cable & Wireless Worldwide slumped after warning on profits, but the FTSE 100 closed just a few points lower as strength in the mining sector softened the blow.
London close: Flat finish for FTSE 100 (ShareCast)There was plenty of movement in both directions Tuesday, but Footsie closed just a few points lower.
Market overview: Footsie making late rally (ShareCast)1604: Footsie is making a late bid to regain the high ground it occupied in the morning session, almost entirely on the back of mining stocks, which have extended their gains in the last hour of trading. FTSE 100 is down 19 at 5,128.
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Lonmin: Financial Spread Betting vs CFD vs Share DealingTable below compares Financial Spread Betting, Contract For Difference and Share Dealing trading. For simplicity we use the average brokerage fees to calculate the profit/loss if £1,000 available for investment in Lonmin shares (Lonmin share price is 1500p). Supposedly, you think that Lonmin shares will go up by 10% in one month.
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Lonmin: Financial Spread Betting and Contracts For Difference (CFDs) are margined (or leveraged) products and let you go long (buy) or short (sell) with Lonmin shares, they are more suitable for short and medium term investments and cover a wide range of markets, including shares, indices, commodities and currencies. Share investing, on the other hand, is a conservative and old way of gaining financial independence and preserving capital. Even though some stockbrokers offer credit facilities it is very rare and not popular amongst private investors.
Risk Warning: Financial Spread Betting and Contracts For Difference (CFDs) are leveraged products and carry a high level of risk to your capital. You may lose more than your initial investment. Share price can go down as well as up and returns on investments are not guaranteed.