Output disrupted at Gem Diamonds
19th Jul 2010 07:30
Prices rose, but problems at both its Ellendale and Letseng mines hit diamond miner Gem's first half output, with currency movements also causing some headaches. "In the first half of the year we have had a number of operational challenges at both Let?eng and Ellendale," chief executive Clifford El
Read moreFTSE 250 movers: Another bullish update lifts Filtrona
16th Jun 2010 13:08
Shares in Filtrona have jumped after the speciality plastic and fibre products provider said it continues to trade ahead of expectations. Having cheered its shareholders back in April with news of strong trading the group said that the outperformance has continued for the nine week period to 5 Jun
Read moreTuesday tips round-up: Lonmin, Braemar Shipping, Diploma
11th May 2010 06:54
The latest difficulties at its flagship smelter, adjacent to its Marikana platinum project in South Africa, have taken the shine off Lonmin's efforts elsewhere. Yesterday's results confirm that the operational improvements in underground mining pushed through 18 months ago are taking effect, but a
Read moreLondon close: Shares roar ahead after euro deal
10th May 2010 16:37
Markets were focused on the European debt crisis situation rather than the continuing political uncertainty here and, with European ministers having agreed a €720bn deal to prop up the euro, shares soared more than 200 points. Banks Barclays, Lloyds and Royal Bank of Scotland (RBS) all racked up do
Read moreFTSE 250 movers: Gem Diamonds sparkles
10th May 2010 16:00
Gem Diamonds is sparkling after saying prices for the gemstones have picked up. Its Let?eng mine in Lesotho sold 15,468 carats at an average price of US$1,753 per carat in the first quarter, up from US$1,017 a year earlier. The Ellendale mine in Australia sold a combined total of 32,286 carats at
Read moreLondon afternoon: BP misses out
10th May 2010 14:18
It's almost a clean sweep among FTSE 100 constituents for stocks on the rise, with the notable exception of BP, which continues to be dragged down by mounting expenses for its oil spill clean-up. Banks are leading the advance on the back of the €720bn deal to prop up the euro agreed by ministers at
Read moreLondon midday: Surge continues
10th May 2010 12:43
Footsie has continued its upward surge on the back of a €720bn deal to prop up the euro agreed by ministers at the weekend. The three-year plan includes €60bn (£52bn) from all EU members, €440bn (£381bn) from the 16-nation eurozone and €220bn from the IMF. Footsie has bounded forward by over 5%.
Read moreGem Diamonds welcomes price increase
10th May 2010 07:55
Strong demand pushed up diamond prices during the first quarter of 2010, Gem Diamonds said today. "The better than expected Christmas sales in the US, restocking in the cutting centers and continued strong demand for diamond jewellery in India and China have resulted in strong rough and polished di
Read moreFTSE 250 movers: Wetherspoon falls after update
5th May 2010 15:02
Shares in JD Wetherspoon have lost fizz after the budget pub chain scaled back its expansion plans after a deterioration in trading since the beginning of the year. Fellow pub group Punch Taverns is also suffering. Commodity stocks are suffering from jitters over the state of the global economy a
Read moreWednesday tips round-up: Debenhams, Gem Diamonds, James Fisher
17th Mar 2010 06:43
Don't expect Debenhams to set the world alight, but like its reborn Principles brand, it has legs, suggests the Independent. The department store group sees potential to grow beyond 200 stores on home soil, and its shares - which have fallen from a 12-month high of nearly £1 - now look good value,
Read moreFTSE 250 movers: Gem Diamonds lacks sparkle after results
16th Mar 2010 13:01
Cost cutting measures helped Gem Diamonds move into profit in the year to December 31 even as revenues slumped on lower diamond prices, but the shares are looking a bit lacklustre. Wellstream, which designs and manufactures flexible risers and flowlines for the oil and gas industry, also slips, aft
Read moreGem Diamonds moves into profit
16th Mar 2010 07:48
Cost cutting measures helped Gem Diamonds move into profit in the year to December 31 even as revenues slumped on lower diamond prices. Revenues fell to $244.4m from $296.9m the previous year, but Gem, which mines for the gemstones in Africa, Asia and Australia, posted a pre-tax profit of $37.1m co
Read moreGem toasts diamond prices recovery
22nd Jan 2010 07:46
Diamond prices continued their ‘impressive’ recovery in the fourth quarter, though they still lag behind 2008 levels, Gem Diamonds boss Clifford Elphick said. The company said the important Thanksgiving Day to Christmas trading period in the US, still the biggest market for diamond jewellery, was r
Read moreFTSE 250 movers: Ferrexpo slips back
6th Jan 2010 11:44
Shares in iron ore producer Ferrexpo have been performing well lately but the shares are lower today. The share price of Gem Diamonds has also lost a bit of sparkle today. Engineering stocks are in demand, with Cookson Group and Atkins among the risers. FTSE 250 - Risers Interserve (IRV) 207.50p
Read moreWednesday tips round-up: 888, Gem Diamonds, Avocet
23rd Dec 2009 06:33
The acquisition yesterday by 888 Holdings of Wink Online Bingo is not huge in the context of the internet gambling operator's £400m market capitalisation. But it is important, nevertheless, in that it significantly enhances the company's presence in the fastest-growing segment of the online gamblin
Read more