Tuesday 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
Read more3i 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
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