FTSE 100 stocks end softer as pound remains lowly
FTSE 100 stocks ended softer on Tuesday as sterling remained nestled near to post-Brexit lows for a second successive session
Company
Gemfields Group Limited
LON:GEM
Gemfields is a world-leading responsible miner and marketer of coloured gemstones. Gemfields is the operator and 75% owner of both the Kagem emerald mine in Zambia (believed to be the world's single largest producing emerald mine) and the Montepuez ruby mine in Mozambique (one of the most significant recently discovered ruby deposits in the world). In addition, Gemfields also holds controlling interests in various other gemstone mining and prospecting licences in Zambia, Mozambique, Ethiopia and Madagascar.
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Gemfields target nudged higher by keen Panmure
Shares have underperformed recently. but should rally in the coming months, said Panmure
Gemfields ruby operation enjoys sparkling end to year
Annual production from Montepuez in Mozambique is slated to be 10.3mln carats of ruby and corundum, some 2.3mln carats ahead of forecast.
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Liberum says accept ‘attractive’ offer for Poundland
“The cash offer of 222p is highly attractive and we would advise shareholders to accept.”
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Brokers: Serco and G4S hit by downgrades
Brokers weren’t optimistic on the outlook for the two security firms, although gold miners were in favour at Macquarie
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Proactive mining highlights: Anglo Asian, Condor Gold, Gemfields, Kibo, Hummingbird, Orogen and more
Weekly round up of mining news from the world of Proactive.
Proactive news highlights: Featuring Ceres Power, Ormonde Mining and Golden Saint Resources
Ceres Power signs a deal with Nissan; Ormonde Mining gets a boost in Spain; Golden Saint Resources says it has made significant progress, plus much more…
Gemfields launches new ruby ad campaign
The gemstone specialist is using three short films to promote Mozambican rubies produced from its Montepuez deposit
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Lekoil nears commercial production in Nigeria; Sound Energy ready to start drilling second well; and Armadale records high graphite grades
Gemfields building a loyal customer base
Gemfields' involvement does not end once it has sold its coloured games; it is planning on a lot of co-branding work with downstream customers
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Proactive news highlights: Andes Energia, Aureus Mining, Gemfields, Mariana and more...
Gemfields hits a new record, Mariana expects to complete a new resource estimate and Telit strikes a new deal for its internet of things platform.
Gemfields: Another sparkling auction result
It netted US$5.15 per carat, a new high for lower quality stones, as it raked in a total of US$14.3mln from the sale.
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Proactive mining highlights: Aureus, Botswan Diamonds, Gemfields, Tembo Gold, Red Rock...
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Proactive news highlights: Diamondcorp, Forbidden Technologies, Gemfields,..
ITM Power announced that London's first hydrogen refuelling station is to open next week, Westminster Group awaits the arrival of the Sierra Princess and Deltex Medical reconfigures its probe tip.
Gemfields on course to meet full-year production guidance
CEO Ian Harebottle hailed another pleasing quarter of solid production
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BP's dividend safer than it looks, in Barclays' view
Great news for the pension funds of UK PLC if Barclays is right about BP's dividend. Also covered: Gemfields, Tesco, Anglo American
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Proactive news summary: Pan African Resources PLC, Gemfields PLC, Obtala ..
Obtala's new melons, Bushbeld sets sights on energy storage and a record auction for Gemfields.
Gemfields PLC salutes record-breaking emeralds auction
"Our return to Lusaka has delivered another strong - and indeed record - result," said Ian Harebottle, CEO of Gemfields
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Jefferies downgrades targets on Glaxo and Astra
US heavyweight Jefferies looks at global pharma today and downgraded Glaxo and AstraZeneca...
FTSE 100 shrugs off Brexit concerns
The blue chip index was 70 points higher at 6,022, as campaigning started in earnest for the referendum in four months time.
Gemfields still in growth phase, Investec says
The previous financial year was weighted to the first half, but this year will see a more even mix
Week Ahead: Banking season arrives
It's a heavy week for trading updates, with the banks to the fore
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Mining highlights: Mandalay Resources, Tertiary Minerals, European Metals, Aureus Mining, Gemfields, and North River
Here are the small cap mining highlights for this past week.
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Gold's new trend
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Proactive news summary: Horse Hill, Gemfields, Motive Television, SolGold and more.
Big news at the Horse Hill discovery well, while Motive Television breaks the US and results from SolGold's latest drilling.
Gemfields sparkles as coloured stone firm has bumper quarter
For the three months to December 31, which counts as Gemfields’ second quarter, output from the flagship Kagem mine was up strongly, while costs on a per carat basis fell significantly.
Dixons Carphone set for progress in 2016
Canadian broker RBC Capital Markets has made Dixons its general retail top pick for 2016,
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Proactive news summary: 88 Energy, Amedeo, Caledonia Mining, Gemfields, Oilex, REM, Sound Energy ...
Atlantic Coal mulls leaving AIM while Caledonia Mining proposes moving its HQ to Jersey
Gemfields hails US$29mln ruby sale
A total of 90,642 carats were sold, which was 98% of the lots by weight or 95% by market value, fetching US$317.92 per carat. Thirty six companies placed bids.
Broker update: Gemfields well-placed ahead of next auction
Companies covered: Dixons Carphone, Gemfields, Home Retail Group, Ironveld, Mothercare
Investments and investor services
Proactive news highlights: Gemfields, Summit Therapeutics, Tekcapital, Regency Mines, Tern and more
Akers Biosciences, Central Asia Metals and Deltex Medical Group also had news out on Monday
Gemfields flourishes as coloured gems market revives
Gemfields has gone from strength to strength since Ian Harebottle took the reins six years ago
Gemfields rises after sparkling auction results
The first auction of Kagem minerals outside Zambia since June 2012 has been very successful.
Broker spotlight: Investec cuts price targets for miners
Update: Comment added on Bezant and Galileo.
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In the news with RFC Ambrian:
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Proactive news summary: Allergy Therapeutics, Berkeley Energy, Forbidden Technologies, Gemfields ...
Pride of place goes to Plethora Solutions, after Jim Mellon's Regent Pacific offered to take it over.
Gemfields reveals “very positive start” to financial year
The first quarter trading update has revealed an improved performance at the Kagem emerald mine and rising sales at the Fabergé jewellery business.
Fabergé takes prize at the 'Oscars' of global watch industry, says Gemfields
A ladies' Fabergé watch has walked away with a prestigious Swiss watchmakers industry prize, revealed Gemfields (LON:GEM), which owns the luxury jewellery business.
Plenty of upside still at Gemfields, says broker
Both the Kagem emerald mine in Zambia and the Montepuez ruby mine in Mozambique have scope to expand further, according to broker finnCap.
Proactive weekly mining round-up including Asiamet, Gemfields, KEFI, Xtract, Mariana and Metal Tiger
There was a lot of big news from the small cap miners this week...
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FTSE100 closes flat with miners the big gainers
Miners were the big risers of the day but Footsie finished flat at 6,325 after some volatile trading at the end of play.
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Proactive news highlights - Horizon Discovery, Fastjet, Royal Road Minerals and Haydale Graphene
A mixed bag today, with news from a variety of sectors....
Investments and investor services
Oil price rises keep shares buoyant, but airlines dip
The FTSE 100 Index lifted 41.87 points to 6368 in early afternoon trading
Most followed: Gold, Volkswagen, Tesco, Gemfields...
There was a mixed bag attracting interest in web world today...
Investments and investor services
Rising oil prices give London shares a lift
The price of a barrel of Brent crude increased 1.5% to US$52.7
Wednesday's agenda: Tesco totters on
The pressure is on for Tesco, after Sainsbury's surprised to the upside with its results last week.
Investments and investor services
Proactive news highlights including Fastjet, Active energy, KEFI, Arian Silver...
There was a lot of news from the small cap space today
Gemfields has significant scope to grow revenues and earnings
The team at SP Angel predicts earnings should pick up over the next two to three years.
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African Potash is continuing to make significant progress in becoming a fertiliser trading firm.
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Broker spotlight: Oil groups slashed by Deutsche Bank as crunch looms
Deutsche Bank leads the way with a swathe of price target reductions across the mid-cap oil explorers and producers.
Investments and investor services
Proactive news highlights: Velocys, Globo, eg Solutions, Gemfields, Ergomed, Kibo Mining and more...
Oil and mining dominated the small cap headlines today
Most followed: Happy Birthday, VW, Google, Gemfields, Hague and London ...
A US judge has ruled the copyright for Happy Birthday, the most sung song of all time, is invalid.
Gemfields has eyes on long term at Kagem after upgrade
Brokers impressed by size of resource, mine life, financial projections and exploration potential.
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Investments and investor services
Proactive news highlights including 88 Energy, AFC, Stride Gaming, Gemfields, Xtract, Amphion...
It was a busy day in the small cap world with Gemfields garnering much attention...
Gemfields to expand international footprint
The company is preparing to pull the trigger on two emerald deals on Colombia.
Investments and investor services
Proactive news highlights: Lekoil, LGO, KEFI, Gemfields, Proxama, Range Resources, Soun Oil and more
Oil and mining dominated the news on a busy Monday...
Gemfields' latest auction shows emerald prices remain robust
Gemfields reported a successful auction of high quality rough emerald and amethyst stones in Singapore, which produced revenues of over US$35mln.
Choosy AIM investors can pierce China gloom
London's junior market has not been immune from Far East troubles
Proactive weekly mining summary: Eurasia, Shanta, W Resources, Amur Minerals, Gemfield and more...
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Investments and investor services
Proactive news highlights including LGO, Gemfields, Kibo Mining, ServicePower, Shanta Gold and more
There were some gems in the small cap universe today
Gemfields sees solid production at key mines
Kagem had its second highest production quarter since Gemfields took control of in 2008.
Paragon Diamonds rises on sign-off for Lesotho acquisition
The approval paves the way to building the mine - Paragon is currently holding serious discussions with potential funders.
Proactive weekly mining news summary, including Gemfields, Aureus, Mwana, Shanta gold...
The doom and gloom in the mining sector seems to have evaded the world of small caps however, with a number of miners providing some very positive news.
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Potential of Gemfields' ruby mine underlined by resource
Probable reserves, which carry a higher degree of certainty, were 432mln carats of ruby and corundum.
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Broker Spotlight – Carnival, SKY, Go-Ahead, Bunzl, Standard Life, Gemfields...
It’ll soon be time for summer holidays, but first City brokers handed out a upgrades in the travel and leisure sector.
Investments and investor services
Proactive news summary: Gemfields, Savannah, ReNeuron, Rambler, Stride, Sierra Rutile and more
It was a busy day in the world of small caps with a lot of companies taming up.
Investments and investor services
Market movers: ReNeuron, Cap-XX, Creightons, Rambler, Gemfields, Styles & Wood
Investors were still buying in after Styles & Wood reported a tripling of underlying profit before tax for 2014 on Friday.
UPDATE - Rare pair boosts Gemfield's latest ruby sale
In total, the auction raised US$29.3mln with an average carat price of US$617.