Market Pulse
Gem Diamonds recovers 169-carat white diamond in Lesotho
Gem Diamonds announced the retrieval of a notable 169. 15-carat type II white diamond from its Letšeng mine in Lesotho on Monday.
Galp shares surge on news from Namibia's Mopane field
Shares in Portuguese oil company Galp Energia popped on Monday, after it announced completion of the initial exploration phase in the Mopane field, offshore Namibia, revealing the potential presence of a substantial oil reserve of at least 10 billion barrels.
Helical reports progress across its portfolio
Helical updated the market on its trading from 8 January to 19 April on Monday, reporting a series of developments across its portfolio.
Anglo American to oppose any Kabwe claim appeal
Anglo American said in an update on Monday that it would oppose any appeal related to the Kabwe claim, which it considers “misconceived”.
Frasers Group stops FRC from publishing key findings of review - report
Mike Ashley’s Frasers Group has reportedly refused to allow the Financial Reporting Council to publish the key findings of a review into the retail group’s latest annual report.
Cerillion flags strong first-half revenue, earnings performance
Billing, charging and customer relationship management (CRM) software specialist Cerillion said in an update on Monday that its first-half results were expected to reach new heights in terms of revenue and adjusted EBITDA.
Hornby losses weaken as margins take a hit
Models and collectibles group Hornby said in an update on Monday that its underlying losses before tax had weakened in the second half of its financial year, as sales remained broadly stable and its margins took a hit.
Mobico profits fall despite revenue growth
Mobico Group reported a fall in profit in its 2023 results on Monday, below the expectations it set at the start of the financial year, despite continued revenue growth.
RBC Capital cuts Dr Martens price target after profit warning
RBC Capital Markets cut its price target on Dr Martens on Monday to 65p from 85p as it reduced estimates following the bootmaker’s FY25 guidance.
UK house prices grow at fastest annual pace in a year - Rightmove
The average asking price of a UK home rose at its fastest annual pace in a year in April, with "top-of-the-ladder" homes seeing the biggest growth in activity, according to a survey released on Monday by property website Rightmove.
Monday newspaper round-up: Renewable energy, BlackRock, Frasers Group
A development company that sells off land no longer needed by Thames Water has paid out a £14m dividend despite warnings that it could become engulfed by the water group’s financial woes. Accounts filed at Companies House show Kennet Properties paid out a £14. 5m dividend in the year to 31 March 2023 despite the difficulties faced by the wider group, which is facing going into administration. – Guardian.