Tungsten producer Premier African Minerals (PREM:AIM) says it may spin off its Zulu lithium project as a separately-listed business.The company has initiated a review of the project with a new drilling programme and appointment of natural resources entrepreneur David Lenigas who has been tasked with trying to find strategic investors and/or joint venture partners.The news sends Premier African...

London shares were hit with frenetic selling in early deals, pushing blue chips and mid caps to more than 12-month lows, and causing gold prices to spike and UK bond yields to tighten. Crude was notably lower. France's CAC 40 fell 3% and Germany's DAX dived 2.4%. The FTSE 100 is 145 points off at 5,527.FTSE 100 miner Rio Tinto (RIO) falls 6.5% to £16.50 as full year earnings narrowly miss...

UK equities are set a drift in early deals on Friday with little corporate news to provide direction despite a solid session of gains on Wall Street overnight. The FTSE 100 index slides around 50 points, or 0.8%, to 5,869, declines closely tracked by main European bourses.Metals diggers are among the big losers led by Anglo American's (AAL) 9%-plus fall to 238.6p, closely followed by FTSE 100...