Miner Lonmin leads 100 on broker upgrade
December 2, 2009 ???? Miner Lonmin leads 100 on broker upgrade by Elaine Frei Equities markets saw gains in Europe Wednesday as miners saw gains on higher metals prices. The FTSE 100 added 0.29 percent to 5,327.39 in London, while the FTSE 250 gained 0.37 percent to 9,169.04. Miner Lonmin (LSE: LMI) led gainers on the 100 as it added 3.24 percent after Investec raised its recommendation on the copper miner from “hold” to “buy”, while Gem Diamonds (LSE: GEMD) led the mostly higher sector by gaining 3.89 percent. Over on the 250, car rental agency Avis Europe (LSE: AVE) turned in the best performance in London with a gain of 5.5 percent, while residential property group Grainger (LSE: GRI) dropped 5.71 percent to lead London’s decliners. Cairn Energy (LSE: CNE) was the worst performer on the 100 as the oil explorer was 2.61 percent lower.
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Miner Lonmin leads 100 on broker upgrade
