Petra Diamonds gives mixed Q1 update
12th Nov 2013 09:36
- Q1 production jumps 25 per cent - Weaker diamond price in post-summer period - Current labour situation is stable Petra Diamonds, the FTSE 250 miner, reported a 25 per cent year-on-year leap in first quarter production to 816,735 carats, despite challenging labour conditions in South Africa and a
Read moreTuesday tips round-up: Aim, Melrose Industries, Petra Diamonds
8th Oct 2013 07:24
In the third quarter the number of companies joining the Alternative Investment Market (Aim) was higher than the number leaving for the first time in two years. Somewhat surpirisngly as well, the list of companies who have recently floated on it reads like a laundry list of sectors which have furnis
Read moreLondon close: US budget impasse continues to knock investor sentiment
7th Oct 2013 17:15
Stocks bounced off their lows on Monday but still finished firmly in the red as the US government shutdown extended into its second week with politicians continuing to wrangle over the budget and impending debt ceiling. The FTSE 100 in London finished 16.6 points lower at 6,437.28, rallying in aft
Read moreFTSE 250 movers: Supergroup hit by Burberry comments
7th Oct 2013 16:03
Supergroup shares took a significant hit after luxury brand Burberry's Chief Executive Officer Angela Ahrendts told French newspaper Les Echos that the slowdown in China may be more than temporary; in fact, it could be the new reality. SuperGroup said back in July that China represents an "exciting
Read moreLondon midday: US budget impasse weighs heavily on stocks
7th Oct 2013 11:22
Markets started the new week on a dull note with the FTSE 100 dropping sharply on Monday morning in light of the ongoing government shutdown Stateside. US stock futures were also heading in the same direction ahead of the opening bell on Wall Street given that an absence of economic data from acros
Read moreLondon open: M&S, Burberry lead FTSE 100 lower as US shutdown persists
7th Oct 2013 08:29
An ongoing government shutdown Stateside continued to weigh on market sentiment on Monday with London's FTSE 100 registering losses in morning trade. US lawmakers failed to reach an agreement on either the budget or the debt-ceiling over the weekend, heightening fears that the US could run out of t
Read morePetra Diamonds on track to meet full-year 2014 production guidance
7th Oct 2013 07:42
Petra Diamonds remains on track to meet its production guidance of three million carats of diamonds for fiscal year 2014, the miner announced on Monday. The company said given the strong production rate in the fiscal first quarter, it expects to reach its production target for the full-year. In t
Read moreLondon midday: Stocks fall sharply on US concerns
27th Sep 2013 11:19
UK markets were registering heavy losses on Friday morning as investor scaled back risk ahead of the weekend, as concerns over monetary policy and budget talks in the US continued to dampen sentiment. "European markets have started the trading day as if it were already the weekend and the lethargy
Read moreMonday broker round-up UPDATE
23rd Sep 2013 09:06
African Barrick Gold: Citi takes target price from 93p to 119p, but still recommends selling. African Minerals: Citi increases target price from 320p to 330p and maintains a buy recommendation. Antofagasta: Citi shifts target price from 780p to 790p, while its sell recommendation remains unchanged
Read moreWednesday broker round-up UPDATE
18th Sep 2013 08:28
African Minerals: Canaccord Genuity reduces target price from 410p to 330p, while its buy recommendation remains unaltered. Amlin: Goldman Sachs moves target price from 405p to 420p and reiterates a neutral rating. Andor Technology: Investec takes target price from 360p to 410p leaving its buy rec
Read moreFTSE 250 movers: Mexico mining levy fears weigh on Hochschild
16th Sep 2013 15:44
Hochschild shares fell on news of a proposed mining levy in Mexico, where a number of the company's operations are located. The news also hit African Barrick Gold, which was already under pressure after its Chief Operating Officer last week quit. Shares in Petra Diamonds were lower - despite a s
Read moreLondon open: Stocks jump ahead of Fed, Syria concerns ease
16th Sep 2013 08:29
Markets opened strongly on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week while concerns about Syria eased. The Federal Open Market Committee's two-day meeting is due to come to a close on Wednesday and will likely be one of the most
Read moreLondon pre-open: Strong gains expected as eyes turn to Fed meeting
16th Sep 2013 07:21
Markets are expected to open with strong gains on Monday morning as eyes begin to turn to the Federal Reserve ahead of its all-important policy meeting this week. City sources predict the FTSE 100 will open up 70 points from Friday's close of 6,583.8. The Federal Open Market Committee's two-day me
Read morePetra Diamonds swings to annual profit on revenue rise
16th Sep 2013 07:03
Petra Diamonds swung to an annual profit driven by a rise in revenue and production along with tight cost control and operational expansion. Net profit after tax came to $27.9m for the year to end of June compared to a 2012 loss of $2.1m as revenue jumped 27% to $402.7m from $316.9m. Adjusted e
Read moreTuesday broker round-up UPDATE
13th Aug 2013 07:45
Aviva: Nomura increases target price from 414p to 474p reiterating its buy recommendation. BBA Aviation: Jefferies raises target price from 290p to 345p and keeps a buy recommendation. Braemar Shipping Services: Westhouse Securities takes target price from 450p to 515p and retains a buy recommenda
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