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Petra Diamonds Shares News & Articles

FTSE feels the manufacturing heat after poor data sees stocks close in the red

UK markets fell sharply during the Friday session following a weak opening on Wall Street as ups the ante in his pandemic spate with China. The US President claims to have seen evidence that the coronavirus emerged from Chinese labs, yet US Intelligence officials distanced themselves from those allegations. Dismal UK manufacturing data weighed on the investor mood, adding to the gloomy economic ...

Market report: Reckitt beats forecasts, McColl's looks to move on from dreadful year

The FTSE 100 starts the week on the back foot although it is still holding on to a position north of 7,200, down 0.37% at 7,210.16 in early trading. An uptick in the pound contributing to the weaker open. Consumer goods giant Reckitt Benckiser (RB.) reports a 65% drop in annual profit owing to one-off gains and expenses but underlying earnings are up as the company hit the top end of its sales ...

Rolls-Royce targets £400m of savings, AVEVA rallies but Petra Diamonds falls as new shares flood market

There’s a major business shake-up underway at Rolls-Royce (RR.) as the FTSE 100 aero-engineer confirms that it will cut 4,600 jobs as part of a plan to simplify its business and save £400m a year by the end of 2020. Those hoped-for streamlined costs go down well with investors, sending the stock more than 3% higher in early trade on Thursday to 854p, topping the FTSE 100 leader ...

Market report: TalkTalk slashes payout, seeks £200m funding, but Compass and AA both impress

UK investors could be in for another bumpy day of trading on Thursday after a mixed session overnight in the US. The FTSE 100 index opens on the back foot, losing around 45 points, or 0.6%, in early deals to trade at 7,235.08. There’s more bad news from embattled TalkTalk (TALK) as the broadband and calls supplier slashes its dividend and goes on the hunt for new funding via a £200m rights ...
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