SABMiller director ups stake after recent share-price weakness
7th Feb 2014 15:49
Miles Morland, a long-standing director at drinks giant SABMiller, invested over a quarter of a million pounds in the firm on Friday, choosing to raise his stake after the stock hit a 15-month low earlier in the week. Morland, who joined the board in 1999, acquired 10,000 shares at a price of 2,728
Read more3i Infrastructure says European portfolio performing well
24th Jan 2014 07:10
- Portfolio income at 32.7m pounds in Q3 - Year-to-date portfolio income at 63.6m pounds Infrastructure investment group 3i Infrastructure said that its European portfolio continued to perform well operationally and financially in the third quarter and is generating good levels of income. The Jers
Read moreLondon open: Markets flat on budget deal, taper speculation
11th Dec 2013 08:28
- US negotiators reach budget deal - Taper speculation ramps up ahead of Fed meeting - Imagination disappoints with poor H2 outlook - RBS Finance Director Bostock steps down techMARK 2,678.82 +0.23% FTSE 100 6,524.52 +0.02% FTSE 250 15,401.84 -0.06% Markets opened broadly flat on Wednesday in the
Read moreLondon close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreLondon midday: Stocks rise after UK data, but gains limited
27th Nov 2013 11:33
- Q3 UK GDP confirms small acceleration in growth - German coalition, GfK consumer confidence in focus - Ex-div stocks cap gains - Volumes set to be low ahead of Thanksgiving techMARK 2,656.92 +0.28% FTSE 100 6,648.87 +0.19% FTSE 250 15,386.74 +0.53% Markets in London were in positive territory on
Read moreLondon open: Markets edge higher ahead of UK GDP figures
27th Nov 2013 08:15
- Second estimate of Q3 UK GDP due for release - Plenty of economic data from the States - Ex-dividend stocks limit gains in London techMARK 2,654.69 +0.19% FTSE 100 6,649.71 +0.20% FTSE 250 15,370.31 +0.42% UK markets edged higher on Wednesday morning despite some ex-dividend stocks capping gains
Read more3i admits no immediate plans to launch new fund
14th Nov 2013 09:41
- NAV up 3.5 per cent YTD - 4p special interim divi - No medium-term plans for new fund 3i, the multinational private equity and venture capital company, disappointed investors on Thursday when it revealed it has no plans to launch a new fund in the current or next financial year. Shares fell des
Read more3i investments in National Military Museum PPP
12th Nov 2013 10:22
Infrastructure group 3i has unveiled plans to invest 6.3m euro in an 80 per cent stake in the National Military Museum public-private partnership (PPP) project in the Netherlands. The project, which is set to complete in September 2014, was procured under a typical PPP framework by the Dutch Minis
Read more3i Group buys Barclays Infrastructure Funds Management
11th Nov 2013 09:22
Private equity firm 3i Group has completed the acquisition of Barclays Infrastructure Funds Management Limited, the bank's European infrastructure fund management business. Barclays Infrastructure Funds Management Limited will be renamed 3i BIFM Limited and will be incorporated into 3i's existing i
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read more3i announces strong start to the year
18th Jul 2013 07:10
3i said it had made a strong start to the financial year and was making good progress on its strategic plan. The private equity group had £443m of realisations completed or announced in the first quarter of the year with £665m planned for the full year. Returns also increased with net asset value u
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon pre-open: FTSE to edge higher ahead of BBA data
24th May 2013 07:40
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,697, as markets calm after Thursday's heavy losses and ahead of the Bank Holiday weekend. On the other side of the Atlantic, stocks ended the day modestly lower after a batch of upbeat US data partially offset re
Read more3i Group makes offer to acquire Barclays infrastructure business
24th May 2013 07:10
3i Group has made an irrevocable offer to Barclays Bank to acquire Barclays Infrastructure Funds Management (BIFM), its European infrastructure fund management business, in what would be a 'significant milestone' for the group. BIFM has assets under management of approximately £780m and an investm
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