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Morning Report: Gem Diamonds recovers exceptional 183 carat stone

Headlines from the Proactive UK newsroom.

Gem Diamonds (LON:GEMD) has dug up what it says is an exceptional 183 carat diamond from its Letseng mine in Lesotho. The miner also unearthed two other high-quality diamonds that were half the size on the same day.

Argo Blockchain PLC (LON:ARB) mined 247 bitcoins in January, generating revenues of £1.63mln. The company said mining was more efficient in January than in December despite increasing algorithmic difficulty.

Bluejay Mining PLC (LON:JAY) has released encouraging results from the first geochemical survey undertaken at the Disko polymetallic project in Greenland. Multiple nickel and copper geochemical anomalies have been identified further enforcing both new and pre-existing anomalies.

BP increased its dividend even though fourth quarter profits slumped to just US$19mln. It’s Bob Dudley’s final statement before he stands down as chief executive.

Ferguson (LON:FERG) is to ask shareholders to decide whether it should shift its listing to the US following the demerger of its Wolseley business later this year. The builders merchant also announced a US$500mln share buyback.

Short sellers in electric car maker Tesla took another beating as shares jumped 20% on Monday as one analyst issued a price target of more than $800. The rise meant paper losses of US$2.5bn for the shorters.

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