Gem Diamonds bolsters Q4 diamond exports
26th Jan 2012 07:48
Africa-focused Gem Diamonds said it exported a total of 32,353 carats of diamonds from its Let?eng mine during the fourth quarter, up 32% from the same quarter in 2010. The average value of the exports for the period was US$2.543 per carat versus US$3.291 per carat in the same quarter in 2010. CE
Read moreFTSE 250 Movers: Retailers dive on consumer confidence
21st Dec 2011 14:42
Retailers were the heavy fallers after the GfK NOP UK consumer confidence index fell to its lowest level since February 2009. The index decreased to -33 points in December from -31 the month before. The market consensus had been expecting a small up-tick to -31. A downbeat report by Fitch hasn't d
Read moreThursday tips round-up: Shaftesbury, Cineworld, Christmas shares
1st Dec 2011 07:06
The Tempus column in The Times ponders which stocks would fit into a share portfolio consisting of stocks exposed to London and the South East only, and suggests that one would be Shaftesbury, the property company whose assets consist almost entirely of shops, restaurants and bars in the West End. I
Read moreFTSE 250 Movers: Miners rocket on central bank action
30th Nov 2011 15:44
Miners dominated the risers on the FTSE 250 on Wednesday after news that central banks are working together to ease strains in the financial markets sent stocks soaring. The mining sector swung into the blue, despite falling earlier on, after the People's Bank of China (PBOC) had lowered the legal
Read moreGem Diamonds to 'double' Lesotho diamond quality
30th Nov 2011 09:37
The board of Africa-focused Gem Diamonds has given the go-ahead for an expansion of its Let?eng mine in Lesotho. 'Project Kholo' will begin in January 2012, and will ramp up to full production by July 2014, the company said. It aims to increase the annual treatment capacity of the Let?eng mine to
Read moreGem Diamonds upbeat despite price drop
2nd Nov 2011 08:16
Africa-focused Gem Diamonds said it had performed well in the nine months to the end of September despite a drop in rough diamond prices from the peaks of July 2011. The miner said it remains confident in the medium to long term as it recovered 82,584 carats, 20% more than the year before. Gem Dia
Read moreSunday tips round-up: G4S, Gem Diamonds, Amec ...
21st Aug 2011 16:25
Security firm G4S has a good record of performing in tough times. In the last downturn, its top line growth never fell below 2%, and it has typically expanded at two percentage points above gross domestic product, notes James Ashton in the Sunday Times. Half-year results this week are expected to sh
Read moreLondon close: Autonomy movement helps limit losses
19th Aug 2011 16:38
Stocks finished in the red heading into the weekend but off their daily lows, having bounced back into the blue from heavy losses earlier on. Today's standout stock was Autonomy rocketed by over 75% in early trading after US computing giant Hewlett-Packard made a recommended offer for the Cambridge
Read moreLondon midday: Lloyds and RBS fall again as FTSE 100 slides
19th Aug 2011 12:03
The leading share index is stuck below the 5,000 point mark amid continuing worries over the global economic situation. Banks Lloyds and RBS are suffering hefty losses again as is IAG, the owner of British Airways. But shares in Autonomy rocketed by over 75% in early trading after US computing gi
Read moreLondon open: Autonomy bucks trend as Footsie tumbles
19th Aug 2011 08:27
The Footsie tumbled over 1% in the opening minutes on Friday, despite a surge by software giant Autonomy. However, Autonomy was just one of the four lone stocks making gains, as the blue chip index looks set to fall below the 5,000 mark. Shares in Autonomy rocketed by over 75% in early trading afte
Read moreRecord prices mean record earnings for Gem Diamonds
19th Aug 2011 07:49
High diamond prices have helped Gem Diamonds achieve record earnings in the first six months of 2011, which surged almost five-fold compared with the first half of 2010. Earnings before interest, tax, depreciation and amortisation jumped to $90.8m (£54.99m), a significant increase on the $18.5m (£1
Read moreGem Diamonds helped by record prices
10th Aug 2011 07:41
Gem Diamonds, the global diamond firm has seen its cash position boosted by record prices for rough diamonds. It's facility in Lesotho, Let?eng, achieved a record average value of US$3 052 per carat in the first half of 2011 while at its Ellendale mine in Australia fancy yellow diamonds (which are
Read moreGem Diamonds provides details on diamond price increases
25th Jul 2011 12:42
Global diamond producer Gem Diamonds has today provided a trading update on its results for the half year to 30th of June 2011, ahead of its regular results release scheduled for the next 19th of august 2011. Particularly worth pointing out, the company has indicated that the expansion of its Lets
Read moreGem Diamonds and Lucara end talks
4th May 2011 07:37
Gem Diamonds is no longer in merger talks with the Canada-listed miner Lucara Diamond, it said today. "No agreement has been reached in its preliminary discussions with Lucara Diamond Corp and these discussions are no longer ongoing," said Gem, which operates in Africa, Australia and Indonesia. Lu
Read moreLondon close: Shares soar as updates impress
20th Apr 2011 16:47
Optimism returned to the markets in a big way Wednesday as corporate results in the UK and overseas suggested global economic recovery is underway. The FTSE 100 stormed back above 6,000 points. Chip groups ARM Holdings and Imagination Technologies were strong performers after a bullish update from
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