3i to sell debt management business to Investcorp
25th Oct 2016 07:07
(ShareCast News) - Investment manager 3i Group is to sell its debt management business to Investcorp, a Bahrain-based manager of alternative investments, for around £222m to focus on growing its private equity and infrastructure portfolios. The deal, which is expected to close by the end of March, w
Read more3i Infrastructure shares up after pre-close update
27th Sep 2016 09:00
(ShareCast News) - 3i Infrastructure posted a trading update on Tuesday, as it entered the close period for the six months to 30 September 2016. The AIM-traded firm said between 1 April and 2016 September, it raised £385m of new equity - specifically on 8 June 2016 - increased from the target size o
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSunday newspaper round-up: Fed, China, Glencore, Diageo, National Grid
18th Sep 2016 16:31
(ShareCast News) - Traders are betting that the US Federal Reserve will stand pat on interest rates this week, despite warnings that rising inflationary pressures could persuade the US central bank to hike. The Sunday Times reported that investors were assuming the flurry of weaker-than-expected eco
Read moreSterling slump post Brexit helps 3i boost Q1 NAV
27th Jul 2016 07:48
(ShareCast News) - Infrastructure investment group 3i said first quarter net asset value rose to 538p a share, up from 463p at the end of March as the company's portfolio benefited from the slump in sterling after the UK's vote to leave the European Union. The company said its private equity portfol
Read morePortfolio income down but investment activity high at 3i Infrastructure
7th Jul 2016 08:34
(ShareCast News) - Infrastructure investment company 3i Infrastructure updated the market on its performance in the quarter to 30 June on Thursday, with portfolio income down and investment activity high. During the period, the FTSE 250 company completed the acquisition of a 36% economic interest in
Read more3i says not listing or selling interest in Action
30th Jun 2016 07:23
(ShareCast News) - Private equity firm 3i said it had no plans to dispose of its investment in Dutch discount retailer Action despite a number of approaches. "3i is actively engaged in the further development of Action and is not intending to sell its investment or organise a flotation of Action in
Read moreFriday broker round-up
20th May 2016 14:32
(ShareCast News) - Exova Group: Goldman Sachs reiterates buy with a 195p target. Grainger: Jefferies retains buy with a 215p target. Thomas Cook: JP Morgan keeps at neutral with a 90p target and Goldman Sachs reiterates sell with a target price of 72p. Serco Group: JP Morgan reiterates neutral wit
Read more3i Group ups dividend policy as portfolio performs strongly
19th May 2016 08:43
(ShareCast News) - After delivering a total return of 22% and lifted net asset value 17% per share in the year to 31 March, private equity giant 3i Group cheered investors further with a healthy payout and an improved dividend policy. Sending the shares to their highest point this year, 3i proposed
Read more3i Infrastructure posts strong NAV growth
12th May 2016 08:55
(ShareCast News) - 3i Infrastructure reported on a year of strong portfolio performance on Thursday, with a 14% total return on net asset value in the year to 31 March. The FTSE 250 firm's net asset value at year-end was £1.28bn, or 161p per share, after a £150m special dividend payment to sharehold
Read moreTuesday broker round-up
15th Mar 2016 16:46
(ShareCast News) - Virgin Money: Goldman Sachs reiterates neutral with a target price of 450p and Berenberg stays at hold with a 400p target. Gem Diamonds: Panmure Gordon keeps at buy, 181p target and Finncap reiterates buy with a target of 270p. G4S: Credit Suisse reiterates neutral with a target
Read more3i Infrastructure portfolio "performing well"
2nd Feb 2016 08:15
(ShareCast News) - 3i Infrastructure said its portfolio continued to perform well for the three months to 31 December 2015, however year-to-date revenues have dipped. In a trading update on Tuesday, the FTSE 250 company said the portfolio generated income of £14.5m, including £2.9m from recent inves
Read moreResilient third quarter for 3i Group
28th Jan 2016 07:53
(ShareCast News) - Investment company 3i Group finished the 2015 calendar year on a resilient note, as the company updated the market on its third quarter on Thursday. The FTSE 100 firm said at the end of the three months to 31 December 2015, it had a net asset value of 413p per share, and total ret
Read more3i rallies on upbeat notes from SocGen, Barclays
25th Jan 2016 08:36
(ShareCast News) - 3i was a high riser on Monday amid a couple of upbeat broker notes. Barclays reiterated its 'overweight' stance on the stock, noting its defensive attractions and pointing out the shares have consistently shown NAV resilience in times of market pullback. For instance, in the quar
Read more3i NAV rises in tough market as returns fall to 4.4 percent
12th Nov 2015 07:50
(ShareCast News) - First half net asset value at private equity firm 3i rose 12% to 401p in a market where it described investor confidence as "fragile" with the growth outlook in many parts of the world "uncertain". Total return on shareholders' funds fell to 4.4% from 7.1%, with operating profits
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