London close: Markets at five-year high after US earnings
29th Jan 2013 16:49
After a subdued morning session, the FTSE 100 rallied in afternoon trade to finish at its highest level since early 2008, helped by upbeat earnings from corporate heavyweights in the US. The Dow Jones Industrial Average in New York was also trading at a five-year high today after pharmaceutical gro
Read moreFTSE 250 movers: Investec given boost by Morgan Stanley upgrade
29th Jan 2013 16:04
Investec was boosted by Morgan Stanley's decision to upgrade the stock to overweight. Bookmaker William Hill was also a high riser after saying its good performance continued into its final quarter after strong trading in retail and online. Net revenue grew by 12% in the 53 weeks to January 1st wh
Read more3i rises as Sherborne increases stake
29th Jan 2013 12:54
3i, the international investor focused on mid-market private equity, has told the market that Sherborne Investors, which describes itself as a 'turnaround investment firm', has built up its stake in 3i. Sherborne is understood by 3i to have acquired then sold 3i shares to Jefferies International,
Read moreWednesday broker round-up UPDATE
23rd Jan 2013 07:05
Aberdeen Asset Management: Societe Generale downgrades to hold, while its target price of 375p is not altered. Amara Mining: Investec reduces target price from 89p to 83p and reiterates a buy recommendation. Associated British Foods: Jefferies raises target price from 1365p to 1650p keeping a hold
Read more3i on track to meet restructuring targets
15th Nov 2012 11:54
3i, the international investor focused on mid-market private equity, has reported that it is on track to meet its cost and debt reduction targets after what it termed 'strong and measurable' progress in implementing the restructuring announced in June. In the half year ended September 30th assets
Read moreTuesday broker round-up
9th Oct 2012 09:05
3i Group: Morgan Stanley raises target from 221p to 233p, equal weight rating kept. Aberdeen Asset Management: Morgan Stanley raises target from 315p to 365p, overweigh rating kept. Aggreko: HSBC downgrades to neutral. Alternative Networks: Westhouse upgrades to strong buy. ASOS: Panmure Gordon
Read moreTuesday broker round-up
11th Sep 2012 09:29
3i Group: Oriel Securities downgrades to hold. AB Foods: HB Markets upgrades to buy. ARM Holdings: UBS raises target from 645p to 750p, buy rating kept. ASOS: Investec upgrades from hold to buy, 2,450p target kept. Bunzl: Goldman Sachs downgrades to sell, target cut from 978p to 965p. Burberry:
Read more3i moves into US debt management business
2nd Aug 2012 09:42
Private equity giant 3i is continuing to flex its muscles in the debt management space after completing a tie up in the US. 3i has completed a "strategic transaction" with an outfit called Fraser Sullivan, which has gross assets of around £6.9m. The idea is for Fraser Sullivan to build 3i's US debt
Read more3i continues with strategic changes
27th Jul 2012 08:16
Veteran private equity group 3i claims it is making progress in its quest to become a leaner and meaner investment group. "We are making good progress in implementing the strategic changes announced at the end of June to refocus our investment capabilities and reduce the group's cost base," said Si
Read moreWednesday broker round-up
25th Jul 2012 10:13
3i Group: Investec initiates with buy rating and 236p target. APR Energy: UBS cuts target from 690p to 590p, sell rating unchanged. British American Tobacco: Jefferies keeps buy rating and 3,730p target. British Land: Jefferies keeps buy rating and 552p target. BT Group: Jefferies maintains buy
Read moreRupee weakness continues to affect 3i Infrastructure
10th Jul 2012 07:47
Jersey-incorporated, closed-ended infrastructure investment company 3i saw European portfolio income drop in the first quarter while it continues to be affected by negative foreign exchange movements in India. European portfolio income, which includes dividends and interest receivable from portfoli
Read moreLondon open: Stocks jump on summit developments
29th Jun 2012 08:45
- EU leaders make break-through agreements - FSA reveals another banking scandal - Banks rise after yesterday's sell-off The FTSE 100 surged in early trading on Friday on the back of developments at the EU summit after European leaders issued a joint statement after the first day of discussions. L
Read moreOne third of 3i workers to go as new boss swings axe
29th Jun 2012 07:51
Simon Borrows, the new Chief Executive of struggling private equity giant 3i, says jobs will be slashed as the company seeks to recover from its five-year long share price slump. The group's portfolio of investments is huge, including lingerie firm Agent Provacteur, Interflora and the restaurant ch
Read moreThursday broker round-up
28th Jun 2012 10:24
3i Group: Citigroup upgrades to buy, target lifted from 215p to 220p. Abcam: Investec upgrades to buy, target lifted from 349p to 466p; Peel Hunt raises target from 440p to 480p, buy rating unchanged. bwin.party: UBS cuts target from 165p to 125p, neutral rating unchanged. Cookson: UBS cuts targe
Read moreLondon close: Footsie falls but banking stocks robust
22nd Jun 2012 16:57
- BoE, ECB ease pressure on lenders - Moody's downgrades 15 global banks - Resources stocks weigh on London market Resource stocks were weighing heavily on the FTSE 100 on Friday afternoon, sending the index one per cent lower, despite actions by central banks in the UK and the Eurozone to ease the
Read more