3i Group lifts NAV but bemoans full pricing as it invests in Christ jeweller
29th Jan 2015 09:01
Despite its continuing concern about Europe's economic and political environment and full pricing, private equity investor 3i group enjoyed a busy final quarter of the year and said its portfolio remains well positioned and continues to perform strongly. The private equity portfolio lifted value wei
Read moreSunday newspaper round-up: BT, RBS, Tesco
14th Dec 2014 19:45
BT is expected to announce as soon as December 15th whether it plans to buy EE or O2 to reenter the mobile phone market, The Sunday Times reported. The FTSE 100 telecoms company was working on a deal at the weekend with a statement due early in the coming week. BT is thought to favour O2 but could s
Read moreLondon close: Markets extend losing streak as miners fall
11th Dec 2014 16:23
London's stock market declined for the fourth straight day on Thursday as ongoing concerns about global growth and heavy falls in the mining sector erased earlier gains. The FTSE 100 finished 0.6% lower at 6,462, closing at its lowest level since 4 November when it settled at 6,453.97. Mining stock
Read moreFTSE 100 movers: Travel companies soar as miners sink
11th Dec 2014 16:21
Travel companies Easyjet and International Consolidated Airlines Group were boosted by the fall in oil prices, on hopes that lower fuel costs will boost profitability. Dixons Carphone was also among the risers after it emerged earlier this week that it surpassed its Christmas store opening targets.
Read moreLondon midday: Mining stocks drag markets lower on ECB loan disappointment
11th Dec 2014 12:06
UK stocks retreated into the red after a positive start on Thursday as renewed concerns about the health of the Eurozone pressured mining stocks lower. Markets had edged higher early on after finishing the previous session at a five-week low, but gains were quickly erased after it was revealed that
Read moreLondon open: Stocks rebound from five-week low as energy shares gain
11th Dec 2014 08:21
UK stocks edged higher on Thursday after sinking to a five-week low, though gains were only modest ahead of a data-heavy session. The FTSE 100 was up 0.3% at 6,520 early deals, helped by a small rebound in the energy sector. A three-day sell-off wiped 3.5% off the value of the Footsie and sent the
Read more3i chief executive grows stake
14th Nov 2014 17:24
Chief executive of 3i, Simon Borrows, purchased the same amount at the slightly lower price of 406.83p for a total spend of £203,414. David Hutchinson, a non-executive director, acquired 50,000 shares in the group at 407.20p each spending a total of £203,600. The deals comes just one day after the
Read moreFriday tips round-up: 3i, Great Portland Estates
14th Nov 2014 07:35
3i seems to have a knack for investing. This is good, given that it is a private equity company. Indeed, the shares performed well throughout the bout of volatility which ensued this past Autumn and are trading well above their net asset value of 358p. The company has reigned in costs to well below
Read moreLondon midday: UK stocks buoyed by central-bank speculation
13th Nov 2014 11:47
UK stocks rebounded on Thursday, heading for their highest close in over six weeks, as markets shrugged off disappointing economic data in China and were buoyed by speculation that policymakers will take action to avert a global slowdown. The FTSE 100 was up 0.3% at 6,634 by midday - it has not clos
Read moreLondon open: UK stocks rise on hopes over China, Japan
13th Nov 2014 08:22
UK equities advanced on Thursday morning as stimulus hopes in China and easing concerns about the Japanese economy gave London's stock market a boost. The FTSE 100 was trading 0.2% higher at 6,622 in early deals. The Footsie slipped on Wednesday for the first time in six sessions after a lower outl
Read more3i Group sees higher H1 returns despite stronger pound
13th Nov 2014 07:55
Shares in investment firm 3i Group gained on Thursday after the company said it delivered a "robust performance" in the first half, supported by a good flow of realisations and a strong balance sheet. The company, focused on private equity, infrastructure and debt management, recorded a total return
Read moreFriday broker round-up UPDATE
7th Nov 2014 09:44
AstraZeneca: Deutsche Bank increases target price from 4100p to 4350p and reiterates its hold recommendation. AVEVA: Societe Generale reduces target price from 2250p to 2000p, while keeping its buy recommendation. Big Yellow Group: Citi raises target price from 470p to 540p and maintains its neutra
Read more3i Infrastructure total return rises 10.8% on rolling stock gains
6th Nov 2014 13:43
Investment company 3i Infrastructure generated a total return of 10.8% over the last six months driven by the large growth in the value of investments in railway rolling stock. The FTSE 250-listed company said it was continuing to see returns compression in the infrastructure market and particularly
Read more3i remains a cautious investor as financial year kicks off
30th Jul 2014 16:15
FTSE 250-listed private equity group 3i got its new financial year off to a good start, with a growing number of exits at attractive valuations. It received £164m of proceeds in the quarter with an additional £245m expected but not yet completed. Chief Executive Simon Borrows: "We remain cautious
Read moreSunday share tips: Debenhams, Johnston Press, Carpetright
22nd Jun 2014 14:13
Steer clear of shares in Debenhams, Questor advised in the Sunday Telegraph. There was no repeat of the December 31st profit warning when the department store group published its trading statement on June 20th. Trading was in line with expectations. But Debenhams has damaged its brand by repeatedly
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