Petra Diamonds Share News (PDL)

LONDON BROKER RATINGS: UBS cuts Smurfit and GSK; Jefferies likes M&G

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

IN BRIEF: Petra Diamonds says no fatalities at Williamson facility

Petra Diamonds Ltd - London-based diamond miner focused on South Africa and Tanzania - On Thursday confirms no fatalities or serious injuries at Tailings Storage facility wall breach at Williamson in Tanzania. Says three injuries of a minor nature have been reported and appropriate treatment has been provided. "The cause of the breach is not yet confirmed and an investigation is underway", Petra says.

Production at Petra Diamonds Williamson mine suspended for up to 3 months

(Sharecast News) - Petra Diamonds said on Thursday that production from the Williamson mine in Tanzania is expected to be suspended for up to three months following a wall breach and flooding at the tailings storage facility (TSF).

UK shareholder meetings calendar - next 7 days

Petra Diamonds halts production at Tanzania mine after wall breach

(Alliance News) - Petra Diamonds Ltd on Monday reported that the eastern wall at it tailings storage facility at the Williamson mine in Tanzania was breached.

IN BRIEF: Petra Diamonds quarterly revenue down as diamond sales fall

Petra Diamonds Ltd - London-based diamond miner focused on South Africa and Tanzania - Produces and sells fewer diamonds in first quarter as net debt widens and revenue falls. In the first quarter that ended September 30, revenue falls 10% to USD102.9 million from USD114.9 million a year prior. Diamond sales decline by 10% to 520,011 carats from 578,186 a year ago, while diamond production falls 13% to 763,220 carats from 876,411. The firm notes that lost time injury frequency rate in the quarter improved by 48% to 0.16 compared to 0.31 a year ago.

TRADING UPDATES: Botswana Diamonds and Petra Diamonds strike data deal

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

LONDON BROKER RATINGS: HSBC cuts Asos; Berenberg likes Synthomer

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

LONDON BROKER RATINGS: Mondi and Smurfit Kappa raised, DS Smith cut

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

LONDON BROKER RATINGS: Berenberg cuts Anglo American and Gem Diamonds

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

Berenberg raises target price on Petra Diamonds

(Sharecast News) - Analysts at Berenberg raised their target price on diamond ming outfit Petra Diamonds from 107.0p to 130.0p on Wednesday, updating its model for the group following its full-year results.

LONDON BROKER RATINGS: Stifel downgrades IAG, easyJet and Ryanair

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

IN BRIEF: Petra Diamonds shares rise with higher revenue; tender offer

Petra Diamonds Ltd - London-based diamond mining company focused on South Africa and Tanzania - Post a pretax profit of USD125.9 million for the year to June 30, down 43% versus USD219.6 million the year before. Prior period benefits from a USD14.7 million profit from a disposal. Further, finance income fell 77% to USD19.0 million from USD81.6 million. Revenue rises 44% to USD585.2 million from USD406.9 million. Credits this to a 42% increase in year-on-year like-for-like prices. Declares no dividends for this year, unchanged from a year before. Launches a USD150 million tender offer to reduce gross debt. Says it will save the company up to USD15 million yearly in interest expenses.

SMALL-CAP WINNERS & LOSERS: Trustpilot soars as interim loss narrows

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

Petra Diamonds upbeat on preliminary, tender results

(Sharecast News) - Petra Diamonds reported record preliminary full-year results on Tuesday, with revenue rising 44% to $585m, as it launched a $150m tender offer to reduce its debt and recorded strong sales in its first tender for the new year.