Broker tips: InterContinental, Mothercare, Gem Diamonds
25th Nov 2010 13:10
Nomura says that the long-term growth potential for hotel giant InterContinental Hotels (IHG) lies in the opportunity in emerging markets. IHG expects the size of the Chinese hotel market to more than double from 2.3m to 4.8m rooms by 2020, predicting that it will surpass the size of the US hotel m
Read moreBroker snap: Dazzling prices achieved by Gem Diamonds
25th Nov 2010 12:35
Diamond prices in the fourth quarter are remaining strong, judging by the prices achieved by Gem Diamonds' recent sale of two giant stones. Gem announced Thursday the sale of the 196 and 184 carat (ct) diamonds for a total of $22.74m, well above broker Panmure Gordon's $19m estimate. The two rough
Read moreGem Diamonds makes a 185 carat discovery
2nd Nov 2010 14:19
Shares in Gem Diamonds were sparkling after tit announced that a 'remarkable' 185 carat rough white diamond was recovered from its Let?eng mine in Lesotho at the end of October. It is the second big diamond to come out of the mine in about two months. On August 24 it retrieved a 196 carat white dia
Read moreSmall caps round-up: Max, Cluff Gold, Namakwa Diamonds...
28th Oct 2010 11:24
Kazakhstan-focused oil firm Max Petroleum came back a bit today despite news that the UTS-1 exploration well on the Uytas prospect in Block A has found oil in three zones. Testing "to verify commerciality of what we believe could be a significant post-salt discovery" should begin in about one month
Read moreThursday tips round-up: Gem Diamonds, Bowleven
16th Sep 2010 06:31
If London buses tend to come in pairs, then so does the good news for Gem Diamonds. Yesterday, it was that the company had negotiated a 25 per cent price increase for the rocks it sells to the jewellery group Tiffany. Sadly, for investors, all this good news has not translated into a solidly rising
Read moreLondon close: Lower close as rally falters
15th Sep 2010 16:35
Footsie closed a few points in the red Wednesday as a rally brought about by an improvement on Wall Street lost momentum. The US had a weak start following poorly-received manufacturing figures but sentiment recovered as trading progressed. Here, BP was lower in line with weaker oil prices, with t
Read moreLondon afternoon: Retailers provide some cheer
15th Sep 2010 14:29
Resource stocks remain a weight around Footsie's neck and have been joined over the lunch time session by banks, which are lower as the market ponders the implications of the Basel III banking guidelines. BP is lower in line with weaker oil prices, with the oil giant suffering more than its peers
Read moreLondon midday: Footsie hobbled by resource stocks
15th Sep 2010 11:58
Resource stocks are dragging London lower despite a good showing by retailers. Lower commodity prices are largely responsible for the sell off of commodity stocks, though legal battles also hover over a couple of stocks. BP is lower in line with weaker oil prices, with the oil giant suffering more
Read moreLondon open: Gentle upward progress
15th Sep 2010 09:00
London has made modest progress in early dealings with Next providing a fillip to retailers after half year results. Over here, Next did pretty much as expected in the six months to July given that the clothes retailer's last update was only a month ago, but the high street remains a "testing" plac
Read moreGem gets more for yellow diamonds
15th Sep 2010 07:13
Gem Diamonds has negotiated a 25% price rise for rare yellow diamonds produced at its Ellendale mine in Australia with Laurelton Diamonds, the diamond sourcing and polishing subsidiary of jeweller, Tiffany & Co. "The Ellendale Mine in Australia is the world's single largest producer of rare fancy
Read moreLondon close: Winning streak ends
7th Sep 2010 16:48
London's leading share index gave up a winning streak that lasted all last week and continued yesterday. The day started sluggishly and continued in that vein after a lower start on Wall Street. Takeover talk provided much of the excitement, with bid speculation about engineering group Invensys an
Read moreLondon afternoon: Bid rumours relieve the gloom
7th Sep 2010 14:02
It's a case of 'another day, another bid rumour' for London, with bid speculation about engineering group Invensys and oil explorer Tullow Oil providing a bit of cheer to a subdued market. The rumour-mongers are suggesting that the UK engineering conglomerate could be the subject of a 350p per sh
Read moreLondon midday: Winning streak in danger
7th Sep 2010 12:02
Footsie ended the morning making its second attempt of the day at a rally but the blue-chip index remains in negative territory and in danger of seeing its winning streak in September come to an end. Expectations of a lower start on Wall Street as the US returns to work after the Labour Day holiday
Read moreLondon open: Rising streak under threat
7th Sep 2010 09:00
London's seven-day run of gains is under threat as blue chips are struggling in the early exchanges. Barclays is lower after it confirmed Bob Diamond, head of its investment banking arm, Barclays Capital, will take over as chief executive when John Varley steps down at the end of March next year. D
Read moreGem Diamonds finds another giant
7th Sep 2010 07:29
Gem Diamonds has pulled another huge rough diamond from its Let?eng mine in Lesotho. The 196 carat rough white diamond was recovered on 24 August 2010. It is expected to achieve a substantial price per carat as preliminary examinations indicate it could produce top colour and top clarity polished
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