London close: Markets up after economic data, Lloyds rises
27th Nov 2013 16:43
- Economic data comes in broadly positive - Global indices trading near record highs - M&A speculation surrounds Lloyds, AMEC techMARK 2,658.82 +0.35% FTSE 100 6,649.47 +0.20% FTSE 250 15,406.67 +0.66% UK markets finished in positive territory on Wednesday as investors reacted to a flurry of econo
Read moreLondon midday: Stocks rise after UK data, but gains limited
27th Nov 2013 11:33
- Q3 UK GDP confirms small acceleration in growth - German coalition, GfK consumer confidence in focus - Ex-div stocks cap gains - Volumes set to be low ahead of Thanksgiving techMARK 2,656.92 +0.28% FTSE 100 6,648.87 +0.19% FTSE 250 15,386.74 +0.53% Markets in London were in positive territory on
Read moreLondon open: Markets edge higher ahead of UK GDP figures
27th Nov 2013 08:15
- Second estimate of Q3 UK GDP due for release - Plenty of economic data from the States - Ex-dividend stocks limit gains in London techMARK 2,654.69 +0.19% FTSE 100 6,649.71 +0.20% FTSE 250 15,370.31 +0.42% UK markets edged higher on Wednesday morning despite some ex-dividend stocks capping gains
Read more3i admits no immediate plans to launch new fund
14th Nov 2013 09:41
- NAV up 3.5 per cent YTD - 4p special interim divi - No medium-term plans for new fund 3i, the multinational private equity and venture capital company, disappointed investors on Thursday when it revealed it has no plans to launch a new fund in the current or next financial year. Shares fell des
Read more3i investments in National Military Museum PPP
12th Nov 2013 10:22
Infrastructure group 3i has unveiled plans to invest 6.3m euro in an 80 per cent stake in the National Military Museum public-private partnership (PPP) project in the Netherlands. The project, which is set to complete in September 2014, was procured under a typical PPP framework by the Dutch Minis
Read more3i Group buys Barclays Infrastructure Funds Management
11th Nov 2013 09:22
Private equity firm 3i Group has completed the acquisition of Barclays Infrastructure Funds Management Limited, the bank's European infrastructure fund management business. Barclays Infrastructure Funds Management Limited will be renamed 3i BIFM Limited and will be incorporated into 3i's existing i
Read moreTuesday broker round-up UPDATE
5th Nov 2013 08:57
Afren: FinnCap ups target price from 130p to 140p keeping a hold recommendation. African Barrick Gold: Westhouse Securities raises target price from 115p to 170p, while downgrading to sell. Associated British Foods: Numis downgrades to reduce with a target price of 1845p. Panmure Gordon ups target
Read more3i announces strong start to the year
18th Jul 2013 07:10
3i said it had made a strong start to the financial year and was making good progress on its strategic plan. The private equity group had £443m of realisations completed or announced in the first quarter of the year with £665m planned for the full year. Returns also increased with net asset value u
Read moreFriday broker round-up UPDATE
7th Jun 2013 06:51
Aberdeeen Asset Management: Bank of America cuts target price from 475p to 410p downgrading to underperform. Anglo American: Nomura lowers target price from 1700p to 1650p and stays with its neutral rating. ARM Holdings: UBS moves target price from 950p to 970p, while its neutral rating remains un
Read moreWednesday broker round-up UPDATE
5th Jun 2013 09:34
Aberdeen Asset Mangement: UBS cuts target price from 520p to 505p, while maintaining its buy recommendation. Alternative Networks: Investec revises target price from 350p to 390p keeping a buy recommendation. API Group: Numis upgrades to add with a target price of 75p. Ashmore Group: UBS lowers t
Read moreLondon pre-open: FTSE to edge higher ahead of BBA data
24th May 2013 07:40
City sources predict the FTSE 100 will open up six points from yesterday's close of 6,697, as markets calm after Thursday's heavy losses and ahead of the Bank Holiday weekend. On the other side of the Atlantic, stocks ended the day modestly lower after a batch of upbeat US data partially offset re
Read more3i Group makes offer to acquire Barclays infrastructure business
24th May 2013 07:10
3i Group has made an irrevocable offer to Barclays Bank to acquire Barclays Infrastructure Funds Management (BIFM), its European infrastructure fund management business, in what would be a 'significant milestone' for the group. BIFM has assets under management of approximately £780m and an investm
Read moreTuesday broker round-up UPDATE
21st May 2013 07:12
Antofagasta: Canaccord Genuity reduces target price from 1065p to 1040p, while leaving its hold recommendation unchanged. Barratt Developments: Goldman Sachs takes target price from 351p to 371p maintaining a buy recommendation. Big Yellow Group: Investec increases target price from 370p to 430p a
Read morePetrofac heads stock up as group unveils growth predictions
17th May 2013 16:10
Both the Chairman and the Chief Financial Officer of Petrofac bought shares on Thursday, the same day the company predicted modest growth in net profits for the year. In an announcement issued Friday, it was reported that Norman Murray and Tim Weller bought 7,500 and 7,454 shares respectively. M
Read moreFTSE 250 movers: Synthomer drops into bottom spot
16th May 2013 15:27
Shares in chemicals company Synthomer dropped on Thursday after the company said demand in Europe was weaker than anticipated during March and April, driving the overall group performance lower. Investment group 3i Group failed to impress despite a surge in assets under management (AuM) in the year
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