FTSE 250 movers: Victrex gains after hiking dividend
28th May 2013 16:19
Polymer manufacturer Victrex was the highest riser on the FTSE 250 index by the close of trading in Tuesday with its share price having jumped nearly nine per cent to 1,769p after its first-half results. Victrex posted modest growth in revenues and volumes in the first six months of its fiscal year
Read moreLondon pre-open: Strong gains expected after long weekend
28th May 2013 07:25
Following last week's heavy losses, markets are expected to open with strong gains on Tuesday morning as traders in the UK and US return to their desks after a long weekend. City sources predict the FTSE 100 will open up over 60 points from Friday's close of 6,654. Senior Market Analyst Michael He
Read moreHICL lifts investment portfolio to 85 after two acquisitions
28th May 2013 07:06
Infrastructure projects investor HICL Infrastructure has completed two investments worth a combined 41.6m pounds, taking the number of investments in its portfolio to 85. The firm has acquired a 39% equity and loan note interest in the South West Hospital Enniskillen PFI Project from FCC Construcci
Read moreHICL's annual profits rise on new investments
22nd May 2013 07:50
HICL Infrastructure Company reported a 50.1 per cent increase in annual pre-tax profit, bolstered by rising secondary market prices and contributions from new investments. Profit before tax for the year ended March came to £93.1m, up from £62m the previous year. Earnings per share rose to 10.4p fr
Read moreHICL Infrastructure acquires stake in Scottish prison project
8th May 2013 11:30
HICL Infrastructure Company has acquired a 33.3 per cent equity and loan note interest in a Scottish prison development for 10.3m pounds. The group purchased the HMP Addiewell Prison private finance initiative (PFI) project from Royal Bank Project Investments. The £74m PFI project was procured by
Read moreLondon pre-open: Modest rise forecast for FTSE
1st May 2013 07:36
City sources predict the FTSE 100 will edge up seven points from yesterday's close of 6,430, balancing gains seen in the US overnight with caution ahead of tomorrow's central bank decision. America's three key US equity benchmarks finished higher on Tuesday, buoyed by encouraging data from the Ins
Read moreHICL purchases PFI project from Balfour Beatty - UPDATE
1st May 2013 07:01
HICL Infrastructure has completed the acquisition of a 50 per cent equity and loan note interest in the Tameside General Hospital private finance initiative (PFI) project from Balfour Beatty. The £78m project was sold for £16m, generating a gain on disposal of £9.0m for Balfour. It reached final c
Read moreHICL Infastructure acquires stake in two more LIFT companies
30th Apr 2013 11:14
HICL Infrastructure has acquired a 60 per cent equity and loan note interest in two further local improvement finance trust (LIFT) companies, namely the Medway LIFTCo and the Redbridge & Waltham Forest LIFTCo. The £9.8m acquisition was funded from its existing cash resources and brings the total n
Read moreHICL Infrastructure acquires extra stake in school project
27th Mar 2013 08:06
HICL Infrastructure Company has acquired the remaining 50 per cent interest in joint venture West Lothian Schools private finance initiative (PFI) project from HOCHTIEF PPP Solutions. The project, which the infrastructure investment company owns with Kajima Partnerships, is a 32-year concession to
Read moreHICL buys interest in Highlands Schools PFI project from 3i
25th Mar 2013 08:02
HICL Infrastructure Company has agreed to purchase additional equity and loan note interests in the Highlands Schools private finance initiative (PFI) project from a subsidiary of 3i Infrastructure. The transaction takes HICL's total interests in the 30-year project, which runs until 2037, to 100%
Read moreHICL Infrastructure reports recent placing is 'significantly' oversubscribed
22nd Mar 2013 13:34
HICL Infrastructure Company, a FTSE-250 listed company, on Friday reported that its recent placing, open offer and offer for subscription of shares was 'significantly' oversubscribed and as such it has partially scaled back the applications received. The group will issue a total of 140m shares to
Read moreHICL Infrastructure issues 100m new shares
26th Feb 2013 13:01
Infrastructure investment company HICL on Tuesday announced a placing, open offer and offer for subscription with a target size of 100m new shares at an issue price of 119.5p each. The transaction is expected to raise £119.5m before expenses, but the issue can be increased to 140m shares to raise
Read moreTuesday tips round-up: Essar, HICL Infrastructure, G4S
12th Feb 2013 06:38
India-focused oil refiner and power generator Essar Energy's third-quarter trading update on Monday showed encouraging signs across its portfolio. The FTSE 250 energy group owns the giant Vadinar refinery in Gujarat and a string of power plants across India in which it intends to burn coal from its
Read moreHICL Infrastructure NAV rises 1.6p per share
11th Feb 2013 07:55
The net asset value (NAV) of listed infrastrcture investment company HICL rose 1.6p per share to 115.8p in the period from October 1st to February 11th, an interim management statement has shown. The company reported that the NAV grew to 115.8p per share from 114.2p per share compared to in the pre
Read moreHICL completes military investment acquisition
14th Jan 2013 07:54
Investment infrastructure group, HICL, has bought a 50% equity and loan note interest in the Northwood Ministry of Defence HQ PFI Project for 30.6m pounds. The deal with Carillion Private Finance was originally announced in November 2012 but the details of the purchase were not released due to conf
Read more