John Laing considers making £1bn offer for Balfour Beatty portfolio
1st Dec 2014 07:59
John Laing Infrastructure Fund (JLIF) has announced that it is planning to make a non-binding proposal to the board of Balfour Beatty for its public-private partnership portfolio for around £1bn in cash. JLIF said that if it decides to go ahead with the offer, it plans to finance the acquisition lar
Read moreSunday newspaper round-up: Balfour Beatty, Canary Wharf, Vodafone
30th Nov 2014 15:25
Balfour Beatty could be broken up as John Laing Infrastructure Fund considers a billion-pound bid for the company's investment arm, the Sunday Times reported. John Laing is interested in bidding for Balfour's 60 private finance initiative (PFI) contracts. It would leave Balfour with a business worth
Read moreJohn Laing completes acquisitions following £50m placing
2nd Oct 2014 09:31
John Laing Infrastructure Fund (JLIF) has completed the acquisition of two assets from the John Laing portfolio following a £50m placing. The group, which first announced the acquisitions last month, has taken a 40% stake in the 20-year Gröningen Tax Office project in the Netherlands, together with
Read moreJohn Laing has good H1 but says price caution may hit growth
27th Aug 2014 11:23
John Laing Infrastructure Fund (JLIF) saw positive first-half year results but said "strict pricing discipline" may reduce the speed of the company's growth. The infrastructure developer increased its portfolio value by 4.95% to £805.2m compared to last year, with cash flows remaining strong due to
Read moreJohn Laing places 34m JLIF shares
26th Mar 2014 08:32
FTSE 250-listed John Laing Investments has unveiled plans to sell as many as 34.45m shares in the capital of John Laing Infrastructure Fund (JLIF). The shares, which are equal to 4.5% of JLIF, are being placed through an accelerated bookbuild offering process, which was launched on Wednesday morni
Read moreJohn Laing raises interim dividend
24th Mar 2014 09:12
John Laing Infrastructure Fund has declared an interim dividend of 3.25p for the period from July 1st to December 31st 2013. The dividend, combined with the previous dividend of 3.125p, brings the total for the year through December 2013 to 6.375p. It exceeds the target dividend payment of 6p per
Read moreJLIF completes acquisition of North Staffordshire Hospital project
20th Dec 2013 16:28
John Laing Infrastructure Fund (JLIF) has completed the acquisition of a 75 per cent stake in the North Staffordshire Hospital project. It follows the infrastructure investment company's successful £242.3m capital raise earlier this year, the largest in the fund's history since listing. The deal m
Read moreJohn Laing acquires stake in Canadian hospitals project
28th Nov 2013 10:44
John Laing, the FTSE 250-listed infrastructure investment company, has completed its acquisition of a 50 per cent stake in the Kelowna & Vernon Hospitals public-private partnership (PPP) project in Canada. The purchase, which marks its third investment in the Canadian secondary PPP market, takes it
Read moreJLIF's acquisitions boost underlying growth
11th Nov 2013 12:06
- Growth in portfolio supported by acquisitions - Net asset value of 573m pounds - JLIF raises new equity to fund investments John Laing Infrastructure Fund (JLIF) reported a 5.8 per cent rise in underlying growth of its portfolio for the nine months to end of September. The value of the fund's
Read moreJohn Laing completes acquisition of Barnsley BSF project
15th Oct 2013 07:50
John Laing (JLIF), the infrastructure investment company, has completed its acquisition of a 40 per cent stake in the Barnsley 'Building Schools for the Future' (BSF) project, which consists of the construction of nine new Advanced Learning centres, one new build special school and one special schoo
Read moreJohn Laing Chairman subscribes for shares in firm's largest ever raising
9th Oct 2013 16:20
John Laing Infrastructure Fund (JLIF) announced that two of its directors, Chairman Paul Lester and fellow board member Chris Spencer, had each subscribed for 20,000 newly issued shares in the group as part of its largest ever raising of new equity. The shares were priced at 111p, costing each of
Read moreFTSE 250 movers: SuperGroup shares retreat one day after record results
6th Sep 2013 14:26
Superdry owner SuperGroup was retreating one day after revealing its quarterly sales had soared by a quarter, following strong demand across the group, in particular womenswear, as it moves into the autumn period with confidence. The fashion retailer said total group sales for the quarter to July 2
Read moreJLIF to tap investors for up to 240m pounds, to buy PPP projects
6th Sep 2013 07:04
The John Laing Infrastructure Fund unveiled plans to raise up to 240m pounds through the issue of 218.3m shares at between 107p and 111p. The funds will be used to reduce debt and to buy a package of three public-private partnership projects for £103m. Two of the projects are in UK and consist of
Read moreJohn Laing ups stake in London Underground project
29th Aug 2013 09:18
John Laing (JLIF), an infrastructure investment company, has acquired an additional five per cent stake in LUL Connect (CityLink). Connect is a 20-year concession, which runs until November 2019, to upgrade and operate London Underground's radio and telecommunications systems. The acquisition, so
Read moreJohn Laing lifts NAV, confident outlook
27th Aug 2013 07:31
John Laing (JLIF), a public private partnership (PPP) infrastructure firm, increased net asset value and said it is confident that there remains sufficient asset flow to continue to meet its growth targets. The FTSE 250 listed closed-end investment company said net asset value (NAV) increased 1.4%
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