Weekend tips round-up: Petra Diamonds, Wasabi, Hilton Food...
16th Jan 2011 11:56
Petra Diamonds has benefited from a recovery in diamond prices - and it has put in a very strong share price performance over the past few months. The price of rough diamonds is now above the peak seen in 2008, before the credit crisis really hit home. Petra said last week that, in the six months t
Read morePetra Diamonds H1 output slips
12th Jan 2011 08:50
Diamond producer Petra Diamonds said it remains on course to meet upwardly revised full-year production despite a 5.3% drop in first half output. Gross production fell to 582,102 carats for the six months to 21 February compared to 614,594 carats the same time a year earlier. The decline was mostly
Read moreSmall caps round-up: Andrews Sykes, Northbridge, Sceptre...
29th Sep 2010 13:47
Air conditioning unit hirer Andrews Sykes lifted profits to £7.11m, from £6.5m, in the half year to June, despite sales weakening a little to £27.6m. Overall, the board is cautiously anticipating a reasonable performance for the rest of 2010, it added. India-focused investment group EIH increased n
Read moreWednesday tips round-up: Petra Diamonds, Minerva, Sportingbet...
22nd Sep 2010 06:58
There is no doubt that the diamond market is recovering. Full-year results from Petra Diamonds underscored that the recovery in its markets was real. The shares are trading on June 2011 earnings multiple of 17.3, falling to 10.5 next year. There are only 20 or so large diamond mines in the world an
Read moreTuesday tips round-up: Brit Insurance, BP, Hochschild Mining...
21st Sep 2010 06:39
Private equity looked to be closing in on Brit Insurance, the sponsor of the England cricket team, on Friday after US firm Apollo was joined by peer CVC Capital Partners in making an improved bid of up to £870m for the insurance group. The Lloyds of London insurer said it expected to recommend the
Read moreUK SMALLCAP ROUNDUP: PIRC Opposes Cranswick Election And Pay
20th Jul 2010 16:00
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps CRANWSICK PLC (CWK.LN) shareholders should oppose the re-election of executive chairman Martin Davey as well as the remuneration report, investor advisor
Read moreUK SMALLCAP ROUNDUP: Findel Sinks As Review Widens
20th Jul 2010 12:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps FINDEL PLC (FDL.LN), a home shopping firm and supplier of education products, Tuesday said it launched a wide-ranging review of all its units after accou
Read moreSector movers: Mining updates lift sector
20th Jul 2010 11:18
Mining is one of the best performing sectors today as investors react positively to updates. Shares in Aquarius Platinum rallied after it learned that a recent directive on mine safety following a fatal accident at one of its mines in South Africa was not intended 'to unilaterally prescribe mining
Read moreUK SMALLCAP ROUNDUP: Soco Intl Sells Thai Unit To Salamander
20th Jul 2010 09:30
Dow Jones smallcap news is now on Twitter, allowing you to catch up on the news away from your desk. Go to http://twitter.com/DJ_UK_Smallcaps SOCO INTERNATIONAL PLC (SIA.LN), an oil and gas company, Tuesday said it sold a Thailand-based subsidiary to peer Salamander Energy PLC (SMDR.LN) for $10
Read moreUPDATE: Petra Diamonds Rare Gem Sales Boost Revenue 88%
20th Jul 2010 09:25
(Adds executive comment and detail.) By Jason Douglas Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Diamond producer Petra Diamonds Ltd. (PDL.LN) Tuesday said the sale of an enormous 507-carat diamond to a Hong Kong jeweler for $35.3 million helped drive an 88% increase in fiscal-year reven
Read morePetra Diamonds revenues glisten
20th Jul 2010 08:11
Increased production and a recovery in rough diamond prices helped Petra Diamonds boost gross mine revenue by 88% in the year to 30 June. Revenue jumped to $177.7m during the period from $94.4m in 2009, helped by the sale of the 507 carat egg-sized Cullinan Heritage diamond in February for $35.3m.
Read morePetra Diamonds Says Rare Gems Boost Mine's FY Revenue 88%
20th Jul 2010 07:06
LONDON (Dow Jones)--Diamond producer Petra Diamonds Ltd. (PDL.LN) Tuesday said higher production, improving diamond prices and the sale of rare and exceptionally valuable diamonds discovered at its Cullinan mine in South Africa led to an 88% rise in fiscal-year revenue. The company said followin
Read moreWednesday tips round-up: Croda, Mondi, Spice
24th Feb 2010 06:38
Chemicals group Croda is emerging from recession with earnings nearly twice the level they were when it went in. Strong profit growth has also pulled net debt down by £110m to £289m. The only negative in yesterday's numbers was the effect of lower discount rates on Croda's pension deficit, which h
Read moreTuesday tips round-up: Hammerson, Petra, Skywest
23rd Feb 2010 06:35
Hammerson, the FTSE 100 shopping centre owner behind the Bullring, in Birmingham, and Brent Cross, in North London, disclosed that it has restarted new development activity ? perhaps the clearest sign yet that it believes the extraordinary turmoil of the past three years is over. At 387½p, the sha
Read morePetra on track for production targets
13th Jan 2010 08:03
Africa focused diamond producer Petra Diamonds said confidence in the rough diamond market has returned in the last six months and the group is on track to achieve its production target of 1.2m carats for 2010. Petra said it has sold 572,227 carats in the six months to 31 December, up 55% from the
Read more