Petra Diamonds posts annual revenue increase
30th Jul 2013 13:15
Petra Diamonds said annual revenue rose 27 per cent to 402.7m dollars on the back of an increase in production. Production was up 21% to 2.67m carats in the year to end of June, slightly above the previously revised market guidance of 2.65m carats. The year-on-year rise was driven by output from t
Read moreMonday broker round-up UPDATE
10th Jun 2013 07:34
ASOS: HSBC Holdings increases target price from 3660p to 4380p and keeps an overweight rating. Bellway: Deutsche Bank raises target price from 1482p to 1503p and reiterates a hold recommendation. Betfair Group: Citi ups target price from 880p to 950p, upgrading from neutral to buy. Capco: UBS inc
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreThird quarter revenue rises 8.0 per cent at Petra Diamonds
8th May 2013 09:09
Revenue rose 8.0 per cent to 105.7m dollars in the third quarter of the fiscal year at FTSE 250-listed independent mining group Petra Diamonds, an interim management statement revealed. In the period from January 1st until March 31st, production rose 4.0 % to 647,248 carats driven by constrained gl
Read moreLondon midday: FTSE 100 on track for fourth straight loss
17th Apr 2013 11:39
A number of heavyweight stocks going ex-dividend assured that London's FTSE 100 index was in the red for a fourth consecutive day on Wednesday, while concerns over the global economy continued to weigh on sentiment. Global growth fears have hit markets over the last few days after a surprise slowdo
Read morePetra Diamonds discovers rare blue diamond
17th Apr 2013 07:45
Petra Diamonds announced Wednesday it has recovered a 25.5 carat blue diamond at the Cullinan mine in South Africa. The rare stone is considered to be a high quality gem diamond of top colour. Blue diamonds are among the most highly coveted of diamonds and the Cullinan mine is a major source of
Read moreMonday broker round-up UPDATE
15th Apr 2013 09:50
African Barrick Gold: Citigroup cuts target price from 267p to 175p and keeps its sell recommendation. African Minerals: Goldman Sachs lowers target price from 420p to 410p keeping a buy recommendation. Citigroup moves target price from 440p to 430p and retains a buy recommendation. Anglo American
Read moreHalf yearly revenue rises 63 per cent at Petra Diamonds
25th Feb 2013 08:06
Revenue rose 63 per cent to 151.7m dollars in the six months to December 31st at Petra Diamonds. Profit from mining activity was up 26% to $41.2m and operating cashflow was valued at $25.3m inflow compared to an outflow of $3.6m in the first half of 2012. Adjusted earnings before interest, tax, de
Read moreMonday broker round-up UPDATE
25th Feb 2013 07:26
Afren: Canaccord Genuity increases target price from 160p to 200p and reiterates a buy recommendation. Antofagasta: Bank of America upgrades to buy with a target price of 1400p. Ashmore Group: Espirito Santo shifts target price from 364p to 368p and maintains a neutral rating. ASOS: Deutsche Bank
Read moreWednesday tips round-up: National Grid, Petra Diamonds
30th Jan 2013 07:00
At 5.8 per cent National Grid pays the highest dividend of any company on the FTSE 100. However, can the company fund the upgrades the country needs and continue to pay a decent dividend to shareholders. Further complicating matters, the firm is in negotiations with Ofgem over a new pricing regime,
Read moreLondon close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read moreLondon midday: Markets cautious ahead of US data, earnings
29th Jan 2013 11:45
UK stocks were slightly lower by Tuesday lunchtime with markets pausing for a breather after hitting multi-year highs, as investors awaited economic data and corporate earnings in the US. So far in January, the FTSE 100 has risen nearly 400 points, representing a 6.6% jump. Stocks initially start
Read moreLondon open: Markets helped higher by German sentiment
29th Jan 2013 08:20
Stock markets began Tuesday's session moderately higher with German sentiment data providing some support, as indices attempted to hold on to their recent gains after an impressive start to 2013. So far in January, the FTSE 100 has risen over 400 points, equal to a 6.9% jump. "European financial
Read moreHalf yearly revenue up 54 per cent at Petra Diamonds
29th Jan 2013 07:36
Revenue rose 54 per cent to 156.3m dollars at Petra Diamonds in the six months ended December 31st. In a trading update published by the company on Tuesday, Petra Diamonds stated that production had increased by 31% to 1.2m carats compared to 1.0m carats in the first half of 2012. The company fur
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