3i Infrastructure pleased with total NAV return, appoints new chairman
6th Nov 2015 09:02
(ShareCast News) - Investment group 3i Infrastructure said its total return on asset value in the first half was broadly in line with expectations. In the six months to 30 September, the group achieved a 6.5% total return on net asset value, which it described as a "good result" compared with its ta
Read more3i appoints Peter Grosch as non-exec director
19th Oct 2015 09:48
(ShareCast News) - 3i Group has appointed Peter Grosch as a non-executive director with effect from 1 November. Grosch, who is based in Germany, has a background in automotive and mechanical engineering with general management and non-executive experience in numerous roles both in large corporates a
Read more3i Group starts year with strong portfolio performance
29th Jul 2015 09:05
(ShareCast News) - 3i Group's net asset value per share rose in the first quarter to 400p from 396p in the quarter prior. The asset management company said the increase was despite a foreign exchange translation loss of £84m, or 9p per share, due to unfavourable exchange rates. The company said it
Read moreLondon close: Late rally helps UK stocks bounce off five-month low as US markets jump
18th Jun 2015 17:01
After an earlier fall, UK stock markets rallied into the afternoon, snapping a four-day losing streak and bouncing off a five-month low as a strong start on Wall Street outweighed ongoing concerns about Greece. The FTSE 100, which dipped to a low of 6,625.16 in morning trade, finished 27.33 points h
Read moreLondon open: Stocks fall for fifth day ahead of Eurogroup meeting on Greece
18th Jun 2015 09:06
Decent gains in the mining sector weren't enough to lift UK stocks on Thursday morning, with markets extending a five-month low on concerns over Greece. The FTSE 100, which fell to its lowest since January on Wednesday, was down a further 0.11% at 6,672.96 early on, marking the fifth consecutive ses
Read moreCiti sees 40% return on European equities to end-2016
1st Jun 2015 10:50
European shares are set to 'deliver' as economic recovery in the euro area gains traction and given that valuations are not currently expensive, contrary to what some observers say, a leading broker argued on Monday. In a research note entitled "El Toro - the European bull" analysts at Citi highligh
Read moreCinven buys Labco at lower end of recent IPO value range
28th May 2015 08:19
Private equity group Cinven has agreed to acquire Labco, the pan-European medical group part-owned by FTSE 100 investment group 3i. The deal values Labco at €1.2bn including its debts, towards the bottom end of valuations for the French company's recently shelved flotation. Labco, which runs clinic
Read moreFTSE 100 movers: miners and oil stocks dominate fallers, ITV rebounds
15th May 2015 12:28
The UK blue chip index retreated on Friday as a calmer bond market and favourable British construction data was overpowered by a weaker commodities market. Sector-wise, oil and industrial metal stocks provided the biggest drag on the FTSE, dwarfing the boost provided by real estate and travel. At 3:
Read moreLondon close: Stocks stage late rally after positive US labour data
14th May 2015 16:44
After a negative start, UK stocks rallied into the close as improving labour-market data from the States lifted sentiment. After a choppy week, owing mainly to volatility on the government bond market, Wall Street indices opened higher following a Labor Department report which showed that US jobless
Read moreFTSE 100 movers: ITV hit by strike and stiff BBC competition, miners lower
14th May 2015 12:56
UK stocks rebounded from early losses, but remained restrained by concerns of Greek instability. Sector wise, miners and technology services provided the biggest drag, while insurers and utilities gave a welcome boost. At 1:45 BST, the FTSE 100 was trading 12 points higher at 6,962. ITV declined a
Read moreLondon midday: Stocks erase losses as markets continue erratic moves
14th May 2015 11:34
UK stocks erased losses by Thursday lunchtime on a quiet session for economic data, though concerns about Greece were limiting upside. Reports that Greek finance minister Yanis Varoufakis has called for the European Central Bank to delay Athens' debt repayments shook sentiment among investors. The
Read more3i posts strong annual results but warns of 'increased volatility' in the market
14th May 2015 08:49
Investment manager 3i Group said all its businesses had performed well in the year to end of March, although it warned of currency volatility across many financial markets. The FTSE 100 group reported a total return of 19.9% equivalent to £659m, in the 12 months to 31 March; a 4.6% increase year-on-
Read moreLondon open: Markets dip on mixed earnings, ex-div stocks fall
14th May 2015 08:15
UK shares declined on Thursday morning ahead of a quiet session in terms of economic data, with corporate earnings coming in mixed and a number of ex-dividend stocks in the red. The FTSE 100 was down 0.58% at 6,909.22 early on. Global stock markets closed in a mixed fashion on Wednesday on the back
Read moreFTSE 100 movers: Miners rebound, Hargreaves Lansdown plummets
14th Apr 2015 14:01
Mining stocks rebounded from heavy losses on Monday, when a number of investment banks lowered their price targets for iron ore over the coming years. Shares in BHP Billiton, Rio Tinto, Glencore and Anglo American were all trading higher. Stock in Hargreaves Lansdown plummeted after Peter Hargreaves
Read more3i Group names new chairman as Sir Adrian Montague steps down
13th Apr 2015 15:46
Shares in 3i bounced into positive territory on Monday after the FTSE 100 investment group named Simon Thompson as its new non-executive chairman, replacing Sir Adrian Montague. Thompson, who joined the board as a non-executive director effective immediately, said the appointment was a "great privil
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