Petra Diamonds doubles production
9th May 2012 10:16
FTSE 250 miner Petra Diamonds reported a doubling of production in its third quarter, driven by its purchase of the Finsch mine in South Africa. The firm said production rocketed 126% to 622,509 carats during the period, with Finsch exceeding management expectations and contributing 343,051 carats.
Read moreCapital Shopping Deputy Chairman fills his basket
10th Apr 2012 15:54
John Whittaker, Deputy Chairman of Capital Shopping Centres, the FTSE 100 shopping centre operator, has taken 28,250 shares to the till. His purchases, 324.80p each, cost him a total of £124,236. Whittaker may have been making the most of the firm's share price, which is down 68p or 17.5% over th
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 moreARM directors chip off hefty chunk of their shares
15th Mar 2012 14:44
Two members of the Executive Committee of ARM, the FTSE 100 chip designer, sold off a total of 150,000 shares, received as part of the firm's long term incentive plan, earlier this week. Tom Lantzsch, Executive Vice President of Corporate Development, sold 50,000 shares at 575p each and another 50,
Read moreWednesday tips round up: GKN, Elementis, AZ Electronic Materials...
29th Feb 2012 06:53
Tempus in the Times takes off with aerospace and automobile engineering firm GKN. It announced a decent full year result for its automotive division yesterday and may bid for Volvo's aerospace components business. With a share price of just nine times forward earnings Tempus thinks there may be valu
Read moreResource stocks round-up: Andes Energia, Karelian, Petra
28th Feb 2012 15:20
Latin American energy group Andes Energia is proposing to split itself in two, thereby creating two quoted companies, one focused on exploration and production activities and the other on electricity production. In an update on its exploration activities the company said it had succeeded in discov
Read moreThursday tips round-up: United Utilities, Petra Diamonds
2nd Feb 2012 06:54
The Tempus column in the Times has its mind on United Utilities, the north England-focused water company. This is a highly regulated stock which is all about yield. The current promise is for yield to grow each year at inflation plus 2%. In 2012 the full year yield is going to come in at 5.3% althou
Read moreThursday Tips Round Up: Petra and Carnival
22nd Dec 2011 07:29
The Times's Tempus column assesses Carnival, the FTSE 100 cruise ship operator. Following years of not hedging against fuel costs the company has started to do so after fuel prices in the fourth quarter grew 39%. The firm has done well in North America increasing the amount it makes on each berth
Read morePetra Diamonds subsidiary gains loan facilities
30th Nov 2011 13:42
Petra Diamonds's wholly owned subsidiary Afropean Diamonds has entered into an agreement with Rand Merchant Bank for new debt facilities of ZAR400m (around $48m). The loan is secured on the assets of Afropean in respect of the Finsch diamond mine in South Africa and the company's interest in Afrope
Read morePetra records leap in revenues
1st Aug 2011 17:32
Africa-focused miner, Petra Diamonds, announced revenue had jumped 24% for the year ended 30 June 2011. Mine revenue rose to £137m and would have leapt 55 percent if the exceptional sale of the $35 million Cullinan Heritage diamond was excluded from the 2010 figures, the firm said in a trading upda
Read morePrice hikes help Petra
21st Feb 2011 08:07
Petra Diamonds tripled first half profit thanks to higher diamond prices which it expects to stay high through 2011. Profit from mining activity jumped to US$24.5m in the six months to 31 December, up from $8m the year before. Group revenue rose 86% to $90m, with South Africa's Cullinan mine contr
Read moreSunday tips round-up: Petra, Easyjet, Norkom
23rd Jan 2011 13:42
Petra has bought the Finsch diamond mine in South Africa from De Beers, after it raised £205m in a placing. This means that the company will be producing more than 3m carats a year from 2012, compared with expectations of 1.2m carats in the current year. By 2014, the group expects to be producing 5
Read moreLondon close: Shares end week on a high
21st Jan 2011 16:59
London's leading share index went into the weekend on a high after falls the previous two days. Royal Bank of Scotland led the top share index higher after the FT reported that bank executives and officials at the Treasury are talking about ways for the bank to exit the toxic asset scheme. After
Read moreLondon afternoon: Miners lead revival
21st Jan 2011 14:35
After yesterday's triple-digit fall the Footsie has clawed back around half of those losses, helped by a strong performance from miners. Weather conditions in Australia have improved enough to allow Rio Tinto to end the force majeure event that's disrupted supplies of aluminium from Boyne Smelters
Read morePetra Diamonds snaps up Finsch mine for £132m
21st Jan 2011 13:00
Diamond producer Petra Diamonds has raised £205m ($325m) from a placing at 150p a share to fund the $210m (£132m) purchase of the Finsch diamond mine in South Africa from De Beers. Finsch is South Africa's second largest diamond mine by production and will be Petra's eighth producing mine. It's e
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