London midday: Financials pace gains as Footsie keeps climbing
20th Jun 2016 12:29
(ShareCast News) - Stocks in London were continuing to move higher come midday on Monday, alongside the largest gain the pound in three months, with investors taking their cue from strong gains in Asia as Brexit polls showed the Remain campaign was in the lead. As of 12:03 BST, the FTSE 100 was 183.
Read moreGemfields' Mozambique ruby auction raises $44.3m
20th Jun 2016 08:54
(ShareCast News) - Gemfields, a British supplier of responsibly sourced coloured gemstones, reported record total revenues of $44.3m at a recent auction of rough rubies in Singapore as the increasing quality of Mozambique gems attracts growing demand. At Gemfields' sixth auction of rough rubies this
Read moreGemfields reveals promising auction results
4th Apr 2016 15:19
(ShareCast News) - Gemfields revealed promising results on Monday from a recent auction of predominantly higher quality rough emerald extracted by Kagem Mining, 75% owned by the firm and 25% by the Government of the Republic of Zambia. The AIM-traded company said the auction also included higher qua
Read moreGemfields earnings down as company spreads its income
22nd Feb 2016 12:27
(ShareCast News) - A better-planned spread of income saw revenues and earnings drop significantly at Gemfields in the six months to 31 December, though the company remained confident in making up for it in the latter half of the financial year. The AIM-traded company saw revenue decline 9.1% over th
Read moreEmeralds, Faberge carry Gemfields in second quarter
16th Feb 2016 15:49
(ShareCast News) - Numbers were up at Gemfields' emeralds and luxury goods businesses in the second quarter of its financial year, but production in its ruby division was down as the company focused on higher-quality stones. During the quarter to 31 December, the AIM-traded firm produced 8.2m carats
Read moreSunday share tips: William Hill, gem miners, Centamin
8th Nov 2015 12:16
(ShareCast News) - Despite the problems at William Hill, its shares are worth buying, said the Sunday Times' Inside the City column. The bookmaker's stock has tumbled more than a fifth since May, with a profit warning last month bringing further worries to a head. The company has been left on the si
Read moreGemfields profit drops despite rising revenue
7th Oct 2015 12:54
(ShareCast News) - Gemfields, which provides ethically-sourced rare-coloured gemstones, posted a drop in pre-tax profit in the full year as costs rose and the margin was squeezed, even as revenue and production grew. For the year ended 30 June 2015, pre-tax profit came in at $12.3m from $16.3 last y
Read moreGemfields reports second-half figures in line with forecasts
9th Mar 2015 07:34
Precious stones miner Gemfields saw second-half revenues jump, while operating profits more than tripled. Revenues were standing 57% higher at $103.4m by 31 December 2014. Earnings before interest, taxes, depreciation and amortisation (EBITDA) improved by approximately 243% to reach $61.7m. Produc
Read moreFriday broker round-up:
14th Nov 2014 19:34
TSB Banking: Shore Capital reiterates buy with a target price for 325p. Vernalis: Canaccord Genuity ups target to 66p from 56p and reiterates buy. Aggreko: Panmure Gordon and Investec reiterate hold. Gemfields: Numis initiates coverage with a buy recommendation and 70p target price. Ithaca Energy
Read moreTuesday broker round-up UPDATE
23rd Sep 2014 09:36
AVEVA: JP Morgan reduces target price from 2450p to 1825p, while leaving its overweight rating unchanged. African Minerals: Credit Suisse reduces target price from 120p to 25p, while leaving its neutral rating unchanged. Aviva: Goldman Sachs ups target price from 490p to 515p and reiterates a neutr
Read moreGemfields enters Sri Lankan JV
15th Sep 2014 07:46
British miner Gemfields has announced it has entered a joint venture with East West Gem Investments (EWGI), as the group seeks to extend its network in Sri Lanka. Gemfields has acquired 75% operating interest in 16 exploration licences, covering a range of minerals, for about $0.4m and under the agr
Read moreGemfields hails "momentous quarter" after inaugural auction
7th Aug 2014 15:00
Gemfields enjoyed a strong final quarter, during which the company held the first ever auction of rubies from its mine in Mozambique, the mining firm announced on Thursday. The auction delivered revenues of $33m (£19.6m) at an average realised price of $18.4 (£10.9) per carat. The company has conf
Read moreThursday broker round-up UPDATE
7th Aug 2014 09:42
Afren: Oriel cuts target price from 145p to 125p, while upgrading from hold to buy. Canaccord Genuity moves from hold to a speculative buy with a target price of 120p. Aggreko: Morgan Stanley raises target price from 1300p to 1350p, while leaving its underweight rating unaltered. Clinigen: N+1 Sin
Read moreWednesday broker round-up UPDATE
18th Jun 2014 09:03
Ashtead Group: Barclays ups target price from 930p to 946p retaining its overweight rating. Berkeley Group: Numis upgrades from hold to buy with a target price of 2491p. Brown (N) Group: Oriel places its buy recommendation under review. BT Group: Jefferies ups target price from 440p to 470p and k
Read moreFriday broker round-up UPDATE
9th May 2014 08:44
Advanced Medical Solutions: Numis ups target price from 105p to 121p and retains its hold recommendation. Arrow Global: Numis upgrades from add to buy with a target price of 285p. Bank of Georgia: Numis downgrades from buy to hold with a target price of 2708p. Barclays: Citi lowers target price f
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