HICL issue oversubscribed; fund raising target raised
27th Mar 2012 08:22
HICL, the infrastructure investment firm, has been overwhelmed by demand for its shares and so has increased the size of its recently announced placing and open offer. The group announced on Monday that it was seeking to raise £180m from an issue of convertible "C" shares at 100p a pop, with the p
Read moreHICL issues shares at a quid a throw
26th Mar 2012 07:27
Infrastructure investor HICL Infrastructure has announced a share offer to pay down its debt and re-stock its war chest. The £800m-valued company is proposing to raise £110m before expenses through the issue of "C" class shares at 100p each, though if the demand is there, the company may boost the
Read moreHICL dives further into Poole
16th Feb 2012 08:20
Infrastructure investment firm HICL Infrastructure has acquired majority control of the Dorset Fire & Rescue project after doing a deal with Morgan Sindall Investments. HICL has bought an additional 33.5% equity and loan note interest in the project from Morgan Sindall Investments, bringing the gr
Read moreFTSE 250 movers: Cable and Wireless dives 14%
10th Feb 2012 14:19
Telecoms firm Cable & Wireless Communications plunged as the revival of the firm came to an abrupt halt after the company warned on profits this morning due to difficulties in trading in Panama and the Caribbean. Closed life fund consolidator Phoenix Group also dropped after parting ways with priva
Read moreLondon open: Footsie down after Eurogroup, but Barclays rises
10th Feb 2012 08:34
- Barclays rises after cutting bonuses, but profits fall. - Eurogroup fails to approve Greek package. - BCC welcomes BoE's QE boost. UK stocks opened cautiously with Eurozone finance ministers last night failing to approve the latest round of Greek aid. Yesterday afternoon, Greek Prime Minister Lu
Read moreHICL's NAV rises 2% in third quarter
10th Feb 2012 07:29
HICL, the FTSE 250 infrastructure investment firm, saw its net asset value improve from 111.5p per share to 114p over the third quarter, after making £162.4m in new private finance initiative (PFI) investments since the end of September. In December, the firm bought investments in 26 PFI/PPP projec
Read moreFTSE 250 movers: SVG Capital rockets 20%
20th Dec 2011 16:13
The big mover of the day was private equity firm SVG Capital, which jumped over 20% after revealing that it return up to £170m to shareholders via share buy-backs and tender offers as part of a new investment strategy. SVG reported that it had strengthened its balance sheet with cash balances stan
Read moreHICL in big portfolio acquisition
20th Dec 2011 07:05
Infrastructure investment firm HICL Infrastructure has acquired investments in 26 PFI/PPP (private finance initiative/public-private partnership) projects from two infrastructure funds managed by Barclays Infrastructure Funds Management. HICL is paying around £143.4m for the projects, all of which
Read moreFriday tips round-up: Rexam, HICL and Serco
18th Nov 2011 07:16
The Independent's Sharewatch column assesses Rexam, the FTSE 100 company which makes beverage cans. It made a decent gain on the FTSE yesterday compared to many of its peers and the Indy thinks it knows why. Rexam has said it is considering selling its personal care division. This would have defini
Read moreFTSE 250 Movers: Barratt rises on reservations jump
16th Nov 2011 14:38
Leading the risers north, house builder Barratt Developments has seen reservations jump 25.9% in the period between July and the middle of November, compared to the same period of 2010. The average price it is achieving on sales has increased by 7% on 2010 and now stands at £207,000. Meanwhile, H
Read moreHICL profit up but shares fall
16th Nov 2011 09:57
Calls by Infrastructure investor HICL for investors to have faith in its sector fell on deaf ears today, with its share price falling despite a rise in profits and dividend. The firm reported a pre-tax profit on its investments of £30.7m in the six months to the end of September, up from £23.4m the
Read moreHICL makes £19m acqusition
10th Nov 2011 13:55
Infrastructure investor HICL Infrastructure Company has acquired a new investment and bought an additional stake in an existing project for a total consideration of £19m. The firm has acquired a 75% interest in the Sir Robert Hadfield Wing PFI Project, a three-year undertaking to design, build and
Read moreCash flow in line with expectations, says HICL
1st Aug 2011 09:32
Infrastructure investor HICL Infrastructure Company said its investment portfolio performance and cash flow is in line with projections, sending its shares higher. The company soothed its investors by saying that the group is positioned to maintain its competitiveness and stability despite the grow
Read moreHICL buys some assets from RBS
27th Jun 2011 06:50
Infrastructure investor HICL Infrastructure Company has made a new investment in a private finance initiative (PFI) and topped up three existing investments. The new investment is a 50% interest in the Pontefract and Pinderfield Hospitals PFI Project (P&P) and the incremental stakes are additional
Read moreFTSE 250 movers: Supergroup plummets ahead of retail data
15th Jun 2011 14:43
The retailers are falling lower ahead of UK retail sales figures due to be released on Thursday. Supergroup, Dixons Retail and Home Retail are among the worst performers, with Supergroup falling over 8%. Regus is leading the risers after withdrawing its offer for MWB Business Exchange earlier this
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