(Reuters) - Britain's leading shares reversed earlier gains on Monday as Lonmin dragged mining stocks into the red after cutting its full-year sales forecast but M&A activity boosted banks.
Lonmin, the world's third-biggest platinum producer, dipped 7 percent after it cut its full-year sales forecast, blaming difficulties in processing lower grade ores and bottlenecks at refineries. Citigroup also cut its price target to "hold" from "buy".
Read more at Reuters Africa
Lonmin, the world's third-biggest platinum producer, dipped 7 percent after it cut its full-year sales forecast, blaming difficulties in processing lower grade ores and bottlenecks at refineries. Citigroup also cut its price target to "hold" from "buy".
Read more at Reuters Africa
No comments:
Post a Comment