Tharisa's earnings double as chrome and platinum rebound
At least, 10% of the net profit after tax will be distributed as dividends, said the miner.
Company
LON:PDL
Mid-tier diamond exploration, development and production with all of its operations in Southern Africa. Petra as one of the world’s largest independent diamond groups by resources, with a total resource base of 265 million carats, worth US$27.3 billion.
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At least, 10% of the net profit after tax will be distributed as dividends, said the miner.
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It is doubtful of a pick-up next year though suggests Cobham as a potential recovery play if new management’s plan is appreciated by investors.
Citi also still expects 2018 to be the inflection year when cash starts to come in and dividends start to be paid out.
Output in the three months was 1,097,523 carats versus 842,796 carats last year
Britain's banks had enough on their plates already, but the Brexit vote made things more complicated still
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“Our key concern is that cash generation does not support [the] valuation,” the Wall Street investment bank said.
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US investment bank downgrades Petra Diamonds to 'neutral'
The government has tipped the wink to the market that gilt prices will be going up, and then wonders why it can't find enough sellers in its gilt purchase programme
The stone was recovered at the world-famous Cullinan Mine.
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A round up of the week's mining headlines from Proactive.
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In a market where everyone is panicking about house prices and property funds, online house-seller Rightmove remained a source of tranquillity.
The FTSE 250-listed miner beat market expectations as it bumped up production to post a modest rise in revenue
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Weekly round up of mining news from the world of Proactive.
Shares in Tharisa have ticked up after it listed on the main board of London and released interim results
Investments and investor services
Valentin Bovykin has upped his stake in Obtala above 7%.
Diamond miner ticks up 1.2% after positive comments from RBC Capital Markets
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With half an eye on tomorrow's jobs release in the US investors took money off the table
Investments and investor services
Miners rose as the price of the red metal hit a three-and-a-half-month high
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Sage led the Footsie higher though it did not quite make it back above 6,000.
Crowd-sourcing platform provider blur was wanted after it revealed earnings for 2015 would be slightly ahead of expectations.
Investors will be looking to see what Diageo, the drinks giant, pours out...
It looks like someone may be delighted when they see what's under the tree this year - as Petra Diamonds (LON:PDL) revealed it had sold a rare pink diamond it unearthed last month in Tanzania for just over an eye watering US$10mln.
Ariana Resources, Berkeley Energia and Rambler Metals & Mining also made headlines this week
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Investments and investor services
Below are the main news-driven share price movements at 4pm.
Investments and investor services
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Petra will take a 49.9% stake while Ekapa, which will run the site, will own the rest.
Alton Towers, Beryl Holdings, Kimberley Mines, Petra Diamonds - it sounds like a cast list from a bad Agatha Christie parody.
Investments and investor services
Below are the main news-driven share price movements at 1pm.
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Betfair gets an upgrade to buy from hold from Deutsche Bank, which raised its price target to 4,200p.
Update: Comment added on Bezant and Galileo.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Lloyds (LON:LLOY) gets the banking reporting ball rolling on Wednesday as it is the first of three of the 'big four' reporting this week.
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
Three of the big four banks report this week, while the big three integrated oil majors also weigh in.
Petra Diamonds is sticking its head above the parapet in a post Fed-decision world with its full-year results.
Investments and investor services
Photonstar led the risers after it signed a new contract with a leading electronics company, while Golden Saint resources fell after revealing a share placing.
Berenberg equity analyst, Michelle Wilson, believes a strong online presence is not enough for retailers.
Investments and investor services
Another week ticked by without Greece managing to secure a deal with its creditors.
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Risers and fallers, including Mporium, Amerisur, Galantas Gold, Range Resources, Lonmin,
Berenberg equity analyst, Michelle Wilson, believes an operationally strong online presence is not enough for retailers.