Friday tips round-up: Aviva, Ted Baker, Gemfields
4th Oct 2013 07:26
Aviva's sale of its USA unit means that the programme of sales of non-core businesses, or those that needed more capital than Aviva was prepared to commit, is now largely over. The US disposal allows internal debt to continue to reduce and boosts the key internal surplus capital ratio ? the differen
Read moreGemfields results held back by Zambian government discussions
3rd Oct 2013 12:30
Disruptions to its auction schedule held back revenues at gemstone miner and Fabergé owner Gemfields in the year to June, though demand and market prices remain strong. The Zambia-focused company held two auctions in the period compared to four the previous year, as the Zambian government proposed
Read moreTuesday broker round-up UPDATE
11th Jun 2013 07:22
AG Barr: Investec cuts target price from 591p to 581p, while upgrading from add to buy. Canaccord Genuity upgrades to buy with its target price at 570p. Aquarius Platinum: Nomura reduces target price from 90p to 65p, but keeps its buy recommendation. AstraZeneca: Berenberg takes target price from
Read moreTuesday tips round-up: Xaar, AstraZeneca, Gemfields
11th Jun 2013 07:17
Since having floated itself back in 1996 at about a quid, inkjet printing technology outfit Xaar has metamorphosed into the market leader for the digital technology used to produce ceramic tiles ? a huge market, especially in China. About 15 per cent of tiles are produced digitally at present, but t
Read moreTuesday tips round-up: Hays, Gemfields, Polymetal
9th Apr 2013 08:51
In the price or further to go? That is the classic question asked of any stock and which investors are now asking of the country's main recruiting firms as they gear up for their first quarter earnings results, due out this week. These will be particularly important given the inherent lack of forwar
Read moreLondon close: Markets hold on to gains despite shaky start in US
8th Apr 2013 16:43
UK stocks finished moderately higher on Monday, rebounding after a heavy sell-off the previous session, with markets managing to hold on to gains despite a shaky start on Wall Street as investors turned cautious ahead of US earnings season. US benchmarks were trading slightly lower after the openin
Read moreLondon midday: Stocks gains ahead of US earnings season
8th Apr 2013 11:46
UK stocks were making gains on Monday morning, rebounding after a steep sell-off on Friday, as investors showed optimism ahead of the new US earnings season which kicks off later this evening. Stock futures on Wall Street are pointing to a positive start when the opening bell rings in a few hours'
Read moreGemfields concerned with potential sale restrictions in Zambia
8th Apr 2013 08:05
AIM-listed gemstone miner Gemfields could be hit by a possible ban by the Zambian government of its ability to sell stones outside of the country, the firm announced on Monday morning, causing shares to tank early on. "Such measures are potentially detrimental to the Zambian gemstone sector and wou
Read moreGemfields revenue hit by fewer auctions
4th Mar 2013 10:49
AIM-listed mining company Gemfields posted a decline in revenues for the half year ended December 31st, which pushed net profit after tax for the period firmly lower. The group, which blamed the decline on fewer auctions occurring during the period, delivered a pre-tax profit of $9.4m (2011: $31.1
Read moreFabergé shareholders approve merger with Gemfields subsidiary Runway SPV
20th Dec 2012 07:32
AIM-listed mining company Gemfields has announced an update on the proposed acquisition of high-end jewellery firm Fabergé. At Fabergé's general meeting on December 17th, Fabergé shareholders approved the merger of Fabergé with Runway SPV, a wholly owned subsidiary of Gemfields. Gemfields reported
Read moreGemfields acquires 75 per cent stake in Mozambican ruby mine
7th Dec 2012 07:36
AIM-listed mining company Gemfields gas has snapped up a 75 per cent stake in a Mozambican ruby project. The company, which has a market capitalisation of £99.59m, entered into a conditional agreement to acquire a controlling interest in an additional ruby deposit located adjacent to the company's
Read moreMonday newspaper round-up: Barclays, Taxes, Gemfields,
26th Nov 2012 06:24
Some of Barclays's biggest investors have urged Antony Jenkins, the bank's new chief executive, to take an axe to its investment bank. At meetings with investors in recent weeks, at least three of the 30 biggest shareholders have told Mr Jenkins and other senior Barclays executives that the UK group
Read moreGemfields proposes acquisition of luxury jewellery company
21st Nov 2012 14:00
Gemfields, a gemstone miner and marketing company, is proposing to acquire the entire issued share capital of luxury jewellery company Fabergé by way of merger in the Cayman Islands, in a bid to create 'a globally recognised coloured gemstone champion'. Under the deal, the two companies will merge
Read moreSector movers: Miners gain on Chinese stimulus hopes
9th Oct 2012 16:00
The mining sector shrugged off some disappointing growth figures out from the International Monetary Fund (IMF) on Tuesday to trade broadly higher on hopes of economic stimulus in China. China's central bank injected 265bn yuan (£26bn) into the world's second-largest economy in reverse repurchase a
Read moreGemfields profits leap as sales double
9th Oct 2012 11:03
Gemfields, the AIM-listed emerald miner, posted a 140 per cent leap in profit before tax and exceptional items for the year ended June 30th after revenue from emerald and beryl sales more than doubled. Revenue for the period came in at $83.7m (2011: $40.2m), while the total cost of sale rose $7.0m
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