Petra Diamonds Share News (PDL)

LONDON BROKER RATINGS: Stifel says hold S&N; JPM neutral on Deliveroo

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

IN BRIEF: Petra Diamonds shares fall as diamonds sold at lower prices

Petra Diamonds Ltd - Southern Africa-focused diamond miner and supplier - Reports initial tender results for its Tender 2 sales. Sells 344,554 carats, representing 75% of the total tender volume, for USD30.2 million at an average price of USD88 per carat. Notes these prices are 16% to 18% lower than the prices achieved in Tender 1 on a like-for-like basis. Says this reflects "prevailing market weakness". Sale of remaining 25% of volume of Tender 2 is expected to close on Wednesday next week.

SMALL-CAP WINNERS & LOSERS: Metro Bank rises; XP cancels dividend

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Petra sees another price drop at latest tender sale

(Sharecast News) - Petra Diamonds achieved lower prices from its second tender of diamonds this fiscal year, as it rushed to offload gems ahead of a two-month ban on diamond imports to India.

Petra Diamonds swings to annual loss amid operating challenges

(Alliance News) - Petra Diamonds Ltd on Friday said that it swung to a loss in its recent financial year, amid operating challengers.

LONDON MARKET MIDDAY: FTSE 100 boosted by stronger China data

(Alliance News) - The FTSE 100 in London was higher at midday Friday, boosted by China-exposed stocks following promising data from the world's second-largest economy.

SMALL-CAP WINNERS & LOSERS: Iain Percival to take helm at Trifast

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Petra director to leave as Monarch stake shrinks

(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra has announced that non-executive director Johannes Bhatt is leaving the board as a result of a reduction in the stake of major shareholder Monarch.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Petra Diamonds suffers low demand for small stones at tender

Petra Diamonds Ltd - diamond miner in South Africa and Tanzania - Gets USD79.3 million from sale of 696,000 carats of diamonds in its first tender of financial year 2024, which runs to the end of June next year. Petra says attendance at the August event is "very strong" but demand is more muted than it expected exiting the summer holiday period. Average prices for diamonds from the Cullinan and Finsch mines benefit from improved product mix, but like-for-like prices are down 4.3% from the tender 5 of financial 2023, held in May. Petra says demand for high-quality stones of 10.8 carats or or more is strong, but there is lower demand for 2-to-10 carat diamonds, with like-for-like prices down 14% from tender 5.

SMALL-CAP WINNERS & LOSERS: Petra Diamonds rises after first tender

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Petra Diamonds see prices drop in first tender of new year

(Sharecast News) - South Africa and Tanzania-focused diamond miner Petra Diamonds generated $79.3m in sales from its first tender of the new calendar year, but gave a cautious outlook for pricing going forward.

LONDON BROKER RATINGS: Jefferies raises John Wood to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

TRADING UPDATES: Luceco says first-half ahead of expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days