Gloomy update from Gem Diamonds
30th Jul 2012 07:06
FTSE 250 firm Gem Diamonds said it expected diamond prices to fall in the short term as the market continued to be volatile. In its first half update the company said May and June saw the first negative movements in its rough diamond market price indices, as prices dropped across the sector. Chief
Read moreGem Diamonds updates on resource estimates
25th Jul 2012 10:02
Diamond producer Gem Diamonds has reported an increase in carats of 10 per cent at the Let?eng resource base due to higher resource grade estimates, while the Let?eng revenue estimate has increased by five per cent to an overall value of 2,839 dollars per carat. The total resource base has been mai
Read moreTuesday broker round-up
19th Jun 2012 08:16
APR Energy: UBS slashes target from 860p to 690p, sell rating unchanged. BHP Billiton: Jefferies keeps buy rating. Bumi: JP Morgan Cazenove initiates coverage with buy rating and 520p target. Computacenter: UBS cuts target from 530p to 465p, buy recommendation kept. Dixons Retail: Bank of Americ
Read moreLondon close: Stocks higher despite soaring Spanish yields
18th Jun 2012 16:42
-Stocks swing between gains and losses on euro crisis -New Democracy wins majority in Greek elections -Spanish yields set euro-era high...again The Footsie ended the day only slightly higher as soaring bond yields in Spain and uncertainty over the situation in Greece weighed on sentiment. There wa
Read moreFTSE 250 movers: CWW leaps on Vodafone takeover support
18th Jun 2012 15:29
Orbis, which owns around a fifth of Cable & Wireless Worldwide stock, said it would not try to block a takeover bid for the firm by Vodafone, boosting shares early on. Despite initially saying the offer of 38p a share was too low, Orbis said it now believed the deal was inevitable. ?? Engineering
Read moreLondon midday: Stocks edge higher despite euro uncertainty
18th Jun 2012 11:49
- Markets digest Greek elections - Spanish bond yields above seven per cent - Barroso expects coalition to be formed 'swiftly' An underwhelming outcome to the Greek elections and surging bond yields in Spain saw the Footsie swing between gains and losses on Monday morning; by lunchtime, the blue ch
Read moreLondon open: Stocks underwhelmed by Greek elections
18th Jun 2012 08:43
- Early gains erased as investors digest Greek elections - New Democracy wins slim majority - Miners, financials provide a drag on the Footsie After a strong rise on the back of the weekend's crucial elections in Greece, stocks pared early gains as uncertainty still remains over the country's futur
Read moreTwo workers die at Gem's Ghaghoo project, production delayed
18th Jun 2012 07:07
FTSE 250 diamond producer Gem Diamonds has revealed that production at its Ghaghoo project in Botswana will commence later than originally expected, after 'adverse ground conditions' resulted in the death of two contractors on site. The group said on Monday that the collapse of ground at the face o
Read moreFTSE 250 movers: Cairn Energy leaps on oil find
16th Apr 2012 14:56
Oil and gas group Cairn Energy was a high riser after saying that Agora Oil and Gas, a firm it is set to buy, has struck oil at its Skarfjell Prospect in the Norwegian North Sea. Gem Diamonds was also climbing higher after saying that the amount of diamonds recovered at its biggest mine, Letseng,
Read moreLondon midday: Stocks shrug off euro worries
16th Apr 2012 11:38
- Int'l Power rises strongly after GDF SUEZ bid - Spanish 10-year bond yield above six per cent - Lloyds leads financials lower Despite a sell-off in the heavyweight banking sector and the soaring borrowing costs on Spanish debt, the Footsie had extended gains by lunchtime with International Powe
Read moreLondon open: Footsie rises despite banking weakness
16th Apr 2012 08:33
- Spanish 10-year bond yield above six per cent - Banks under pressure, Moody's delays ratings decision - Int'l Power rises strongly after GDF SUEZ bid London's blue chip index opened moderately higher despite a fall in the banking sector. International Power was leading the risers after receiving
Read moreGem Diamonds sees production up but sales down at Letseng
16th Apr 2012 07:28
Gem Diamonds has seen the value of sales from its biggest mine fall in the first three months of the year but production has risen. The total number of carats sold at the Letseng mine in southern Africa fell 3% compared to the same period of 2011 but the value of those sales fell by 38% to $58.7m c
Read moreLondon close: Oil and gas stocks slump after North Sea gas leak
27th Mar 2012 16:27
- Elgin gas leak weighs on stocks - Wolseley, Compass disappoint after updates - Banks rise, RBS wanted on speculation UK stocks slumped in afternoon trade as earlier optimism quickly faded with consumer confidence data from the US disappointing late on. Meanwhile, oil and gas heavyweights were pro
Read moreLondon close: Stocks slump on global manufacturing data
22nd Mar 2012 16:57
- PMIs disappoint from China and Eurozone - Miners down on demand concerns, Randgold plummets on Malian military coup - Broker downgrades weigh on stocks After a steep fall early on, London's blue chips traded broadly sideways for the remainder of the day as gloomy economic data weighed on senti
Read moreThursday broker round-up
22nd Mar 2012 09:58
AMEC: JP Morgan Cazenove downgrades from overweight to neutral, target lifted from 1,252p to 1,344p. AstraZeneca: Liberium Capital upgrades from sell to buy, target lifted from 2,700p to 3,100p. British Land: Espirto Santo downgrades from buy to neutral. Capital Shopping Centres Group: Societe Ge
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