Petra Diamonds fails to sparkle as tender prices fall
28th Oct 2015 09:53
(ShareCast News) - Shares in Petra Diamonds continued to lose their lustre after the release of a first-quarter trading update, as a 1% increase in production was coupled with a 9% decline in selling prices at its initial diamond tender auction. Production for the period from 1 July to 30 September
Read moreFTSE 250 movers: Production figures boost Premier Oil, Petra Diamonds rebounds
23rd Sep 2015 14:41
(ShareCast News) - The FTSE 250 started to climb back on Wednesday to 16,687.19 - up 157.21 points (0.95%) Premier Oil rose after it announced year-to-date production had averaged 57,100 barrels of oil equivalent per day, ahead of a full-year guidance of 55,000. Petra Diamonds continued to rebound
Read moreLondon close: Analysts see further downside risks for copper
21st Sep 2015 17:06
(ShareCast News) - UK stocks finished the session with slight gains, tracking the ebb and flow of trading Stateside as analysts continued to weigh in with their opinions on the US Federal Reserve's decision on 17 September to stay put. Investors were also digesting remarks from various Fed officials
Read moreFTSE 250 movers: Kier Group rebounds from last week; Rotork falls after downgrade
21st Sep 2015 14:03
(ShareCast News) - After a slow morning on Monday, the FTSE 250 was up 0.25% or 43.22 points to 16,993.95. Kier Group has started to bounce back after last week's fall from grace. The stock slumped despite reporting a jump in pre-tax profit for the year ended 30 June as revenue rose thanks to a soli
Read moreLondon midday: Stocks decline as investors digest FOMC's rate decision
18th Sep 2015 11:15
(ShareCast News) - UK stocks declined on Friday as the Federal Reserve decided to hold interest rates steady amid low inflation and global pressures. The Federal Open Market Committee announced it would keep rates at 0.25% overnight. The move came as concerns over China's economic slowdown has weigh
Read moreLondon pre-open: Stocks to start lower as markets digest Fed move
18th Sep 2015 07:49
(ShareCast News) - Overnight, the US central bank kept rates as many observers - but by no means all - had been expecting but left the door open to an interest rate hike come October, leaving almost everyone in equity markets dissatisfied. That saw Wall Street close on a mixed note in hectic trading
Read moreFriday preview: Petra Diamonds expects 10% drop in full-year revenue
17th Sep 2015 14:11
(ShareCast News) - Petra Diamonds on Friday reports its full-year results following a challenging year for the sector. In July, the company said it expected annual production to rise 2% to 3.2m carats but that revenues would be hurt by lower diamond prices. The group's guidance is for a 10% drop in
Read moreFTSE 250 movers: Mining and oil stocks in the red
27th Jul 2015 18:30
(ShareCast News) - Lonmin led the miners lower on the FTSE 250 after a downgrade from HSBC hurt the platinum producer's shares. HSBC downgraded the stock to 'hold' from 'buy' and slashed its price target to 82p from 222p. The bank said medium-term earnings and EBITDA estimates are substantially lowe
Read morePetra Diamonds production up but revenue down 10%
27th Jul 2015 09:45
(ShareCast News) - Precious gem firm Petra Diamonds said production was up but revenues down 10% for the full year. Petra said revenue fell by 10% from $471.8m in 2014 to $425m due to low average diamond prices and low grade and product mix resulting from its mature production areas. The company sa
Read moreLondon close: Stocks end on back foot on Greek debt woes
12th Jun 2015 17:09
The UK stock market ended on the back foot on Friday as concerns about ongoing Greek debt talks continued to weigh on investor sentiment. The FTSE 100 was down 0.90% at 6,786 at the close after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens.
Read moreLondon midday: UK stocks drop as Greek negotiations hit rough patch
12th Jun 2015 11:44
The UK stock market was firmly in the red on Friday as jitters about ongoing Greek debt talks continued to weigh on sentiment. The FTSE 100 was down 0.61% at 6,805.13 by midday after the International Monetary Fund's technical team quit discussions due to a lack of progress from Athens. The IMF on
Read morePetra Diamonds slumps 10% on revenue warning
12th Jun 2015 07:32
Shares in Petra Diamonds slumped 10% on Friday after the company said that full-year revenues are likely to be lower than expected due to reduced prices for diamonds. Petra said it now expects to report revenue of $430m, which is below market expectations of about $450m. "The lower incidence of hig
Read moreSector movers: Miners weigh on FTSE, real estate continues to rally
19th May 2015 17:27
Industrial metals and mining provided the biggest drag on the FTSE on Tuesday, with giants BHP Billiton and Rio Tinto registering some of the biggest losses. BHP Billiton, by the far the UK's biggest miner, extended Monday's decline, which was driven by the disappointing Australian debut of its spin
Read moreFTSE 250 movers: Big Yellow surges on rising profits, miners lower
19th May 2015 13:15
UK stocks edged higher on Tuesday, despite confirmation of the UK's first deflation since the 1960s. Sector-wise, losses made by miners and telecommunications were offset by strong results from real estate, construction and insurance stocks. As of 2:30GMT, the FTSE 250 was trading 134 points higher
Read moreTuesday broker round-up
21st Apr 2015 13:18
Tullow Oil: Deutsche Bank reiterates hold and keeps target price at 370p. Tesco: Citi reiterates neutral and 235 target price. BHP Billiton: Barclays reiterates overweight and lifts target to 3,500p from 3,300p. Rio Tinto: Barclays downgrades to equalweight and lower target to 2,850p from 3,350p.
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