There is no real safe haven in the commodities space. Diamonds and gemstones were long considered to be the only place in the natural resources industry where share prices would go up. Investors have been caught out this year with a sudden drop in demand for luxury goods leading to a major sell-off in most of the diamond miners.The near-term outlook remains poor, so investors wanting to take...

Tesco (TSCO) ticks 1.55p higher to 244.35p after retaking sole ownership of 21 superstores held in a joint venture with British Land (BLND). Seeing Tesco receive £96 million from the property giant and relinquishing stakes in some shopping centres and retail parks, the move refocuses Britain's biggest retailer on its core UK business and provides greater insulation from rent hikes.Management...

ll the bad news looks priced into the Diamonds & Gemstones subsector and now is a good time to buy ahead of a rebound in diamond prices. The cost of gems fell as wholesalers and cutters/polishers reduced purchases of rough stones well ahead of the profits warnings subsequently spewed out by the luxury goods firms. Many of the UK-quoted miners are trading at 12-month lows but the drop in...