One 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 moreFTSE 250 movers: Michael Page drops after broker downgrade
22nd Jun 2012 15:52
Credit Suisse has downgraded its recommendation for recruitment firm Michael Page International from 'neutral' to 'underperform', saying that on a risk-reward basis, the stock is the 'most vulnerable of the employment agencies given weakening economic conditions'. Heading the other way was price c
Read more3i Chief Executive buys four million shares
31st May 2012 15:50
Simon Borrows, the new Chief Executive of FTSE 250 private equity infrastructure and debt management group 3i, has celebrated his new position with the purchase of four million shares. The director, who clearly has faith in his own ability to overcome the company's challenges, handed over £6.9m fo
Read more3i director invests in 100,000 shares
30th May 2012 16:15
A Non-Executive Director of 3i, a private equity, infrastructure and debt management group, has taken advantage of the company's declining share price to buy up 100,000 shares. Willem Mesdag, who joined the firm in 2007, bought the shares at 175p a pop for a total of £175,000. Two weeks ago the
Read moreUnder-pressure 3i appoints new CEO
17th May 2012 07:41
3i, the private equity, infrastructure and debt management group, has more than doubled its full-year dividend despite seeing returns and assets under management (AUM) slip during the year to March 31st. "This has been a challenging year for 3i and the stability of the Eurozone remains central to t
Read moreFTSE 250 movers: Bwin.party jumps on good results
29th Mar 2012 15:11
Online gaming firm bwin.party digital entertainment leapt into the top spot after it posted a robust set of full year earnings and believes it is well placed to take advantage of regulatory and technological shifts in its industry. Private equity investment firm 3i was another big riser after it re
Read moreLondon midday: Footsie drops to three-week low
29th Mar 2012 11:36
- GDF looks to buy remaining stake in Int'l Power - Imperial has smoking second quarter - Travel groups drop on the FTSE 250 London's blue chips had sank by midday, falling well below the 5,800 level after earlier strength in the mining sector faded. The FTSE 100 has not closed under this level in
Read moreLondon open: Footsie flat despite mining strength
29th Mar 2012 09:23
- Miners rise strongly, led by Rio - Imperial has smoking second quarter - FirstGroup drops on the FTSE 250 It was a cautious start for UK stocks, with London's blue chip index trading flat early on, not far off the 5,800 level. The FTSE 100 has not closed below this level in over three weeks. Ey
Read more3i boss looks to sign off on a high
29th Mar 2012 08:25
Private equity investment firm 3i said its Chief Executive, Michael Queen, will be on his bike as soon as the company appoints a successor. Queen revealed in a trading statement that, after a tough start to the year, market sentiment has improved in the last couple of months, leading to a strong pe
Read moreSector movers: Financial stocks lifted by Man
1st Mar 2012 15:58
A 10 percent rise in Man Group's share price pushed the financial services sector to the top the pile today after the hedge fund manager reported a more generous dividend policy and a slow-down in the net outflow of funds. The group said funds under management (FUM) at the end of February clocked i
Read moreFTSE 250 Movers: Petropavlovsk rises on production figures
26th Jan 2012 13:54
Rising into the top spot was Russian gold miner Petropavlovsk, after it saw production over the whole of 2011 up by almost a quarter from 2010's levels. The firm was given an extra lift by rising metals prices. Sector peer Lonmin, the South African platinum producer, was rising in line with the sec
Read more3i earnings performance softens
26th Jan 2012 08:03
3i Group, an international private equity firm, has said earnings performance in some of its portfolio has softened over the three month period to December 31st. The company blamed this on the ongoing deterioration in the macroeconomic outlook and market uncertainty. However it was by no means a
Read moreMonday newspaper round-up: Eurogroup, South Korea, Lloyds
19th Dec 2011 06:54
Jean Claude Juncker, the head of the Eurogroup, said all 27 European Union finance ministers, including George Osborne, would talk together in the afternoon to approve or reject extending the funds to the IMF as agreed in Brussels by December 19. The loans would be used by the IMF to support struggl
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