Summary
FOURTEEN years after the late 'Tiny' Rowland's Lonrho was demoted from the index, its successor Lonmin is about to join the FTSE 100.
Failed takeover talks and record metal prices have prompted a dramatic rise in the share price which yesterday closed 2p better at 2549p, valuing the world's third biggest platinum producer at Pounds 3.6bn.See the full content of this document
Extract
Metal Boom Gives Lonmin an Upgrade to the Footsie
It should get the nod from the FTSE Steering Committee on Wednesday.
The stock touched 2771p in February when Lonmin was forced to reveal a highly tentative approach from an unnamed rival believed to have b...See the full content of this document
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