Petra Diamonds sells blue diamond for 25.56m dollars
14th Feb 2014 11:39
Petra Diamonds has celebrated the sale of a 29.62 carat blue diamond for 25.56m dollars. The diamond, which was discovered in the Cullinan mine in South Africa in January, was hailed as one of the most important blue diamonds ever recovered. Chief Executive of Petra, John Dippenaar, said: "An add
Read moreFriday broker round-up UPDATE
24th Jan 2014 08:35
Aberdeen Asset Management: Morgan Stanley reduces target price from 492p to 393p and downgrades from equal-weight to underweight. Afren: Morgan Stanley moves target price from 210p to 220p retaining an overweight rating. Ashmore Group: Morgan Stanley cuts target price from 410p to 365p and reitera
Read moreThursday broker round-up UPDATE
23rd Jan 2014 09:12
Afren: Investec ups target price from 170p to 200p and maintains a buy recommendation. AG Barr: Investec raises target price from 585p to 620p retaining an add rating. Canaccord Genuity ups target price from 630p to 650p and keeps a buy recommendation. Arbuthnot: Numis downgrades from add to hold
Read moreLondon open: Markets flat after mixed data from China, Europe
23rd Jan 2014 08:50
- Chinese manufacturing unexpectedly contracts - PMI figures from Eurozone beat forecasts - Raft of US data due out later on - Pearson drops after gloomy update techMARK 2,854.33 +0.22% FTSE 100 6,830.94 +0.07% FTSE 250 16,142.38 -0.03% The FTSE 100 opened more or less flat on Thursday as investor
Read morePetra Diamonds expects strong sales in second half
23rd Jan 2014 07:49
- Production up 31 per cent in H1 - Output on track to hit guidance - Strong H2 revenues expected Full-year production guidance at Petra was maintained on Thursday, with the diamond miner upbeat about the upcoming sale of an 'exceptional' 29.6-carat blue diamond discovered at its Cullinan mine in S
Read moreLondon close: Stocks finish flat amid rate-hike speculation
22nd Jan 2014 17:05
- FTSE 100 fails to break last year's intraday high - Rate hike speculation ramps up as UK unemployment falls - Sage gains after confident outlook - RBS drops after UBS downgrade to 'sell' techMARK 2,847.95 +0.05% FTSE 100 6,826.33 -0.12% FTSE 250 16,147.17 +0.02% The FTSE 100 finished more or les
Read moreThursday preview: easyJet reports first quarter results
22nd Jan 2014 15:49
easyJet's first quarter is expected to have been disrupted by the power outage the Gatwick North Terminal over Christmas and winter storms, Numis said ahead of the airline's results on Thursday. However, the broker believes that overall the disruption is unlikely to have had a material negative imp
Read morePetra Diamonds recovers 29.6 carat blue diamond
21st Jan 2014 08:13
Petra Diamonds has recovered a 29.6 carat blue diamond at the Cullinan mine in South Africa. The miner said the stone is an "outstanding vivid blue with extraordinary saturation, tone and clarity, and has the potential to yield a polished stone of great value and importance". The rare stone is one
Read moreFTSE 250 movers: F&C Asset Management up on read-across
20th Jan 2014 13:45
F&C Asset Management was to be found in the upper rungs of the leader-board today after Credit Suisse upped the majority of its price targets for Europe's Diversified Financials. The sector has the highest 'gearing' to a rise in 10-year US Treasury yields, the Swiss broker's analysts explained.
Read moreMonday broker round-up UPDATE
16th Dec 2013 08:16
Admiral Group: Deutsche Bank moves target price from 1300p to 1330p and maintains a hold recommendation. Allocate Software: N+1 Singer raises target price from 98p to 108p keeping a buy recommendation. Amlin: Deutsche Bank ups target price from 465p to 484p reiterating its hold recommendation. Ca
Read moreFTSE 250 movers: Perform Group regains some of Thursday's losses
13th Dec 2013 16:37
The upside was being driven by Perform Group, which was rising strongly after a 58 per cent sell-off on Thursday. The digital sports media firm yesterday warned that full-year revenues would be under previous expectations, pushing earnings "significantly" below forecasts. UK residential property co
Read morePetra Diamonds sells 'exceptional' stones, sees firmer market conditions
13th Dec 2013 07:58
Africa-focused diamond miner Petra Diamonds said it was upbeat about market conditions as it recorded 'solid prices' in its December tender of stones. The company had reported in November that it had recovered "two exceptional white stones" at 126.4 carats and 91.5 carats. It confirmed on Friday t
Read moreTuesday broker round-up UPDATE
10th Dec 2013 09:43
Amlin: Westhouse Securities moves target price from 470p to 480p and reiterates an add rating. Antofagasta: Credit Suisse reduces target price from 900p to 750p, while upgrading to neutral. UBS cuts target price from 845p to 765p retaining its neutral rating. Ashley House: WH Ireland moves target
Read morePetra and Marston's independent directors dip into the market
5th Dec 2013 15:05
Non-executive directors of companies that both published strong results recently, Petra Diamonds and Marston's, dipped into the market to buy shares on Thursday. Nick Backhouse, an independent director on brewer and pub owner Marston's board, shelled out £37,408 on shares at 149.63p. Marston's is
Read moreWednesday broker round-up UPDATE
4th Dec 2013 09:21
Afren: FinnCap lowers target price from 170p to 165p and downgrades to hold. Amlin: Espirito Santo upgrades to buy with a target price of 509p. Betfair: Citi raises target price from 1150p to 1225p maintaining a buy recommendation. Brewin Dolphin: Canaccord Genuity increases target price from 285
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