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Share Price Information for 3i Infrastructure (3IN)

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Share Price: 325.50
Bid: 325.00
Ask: 326.00
Change: 7.00 (2.20%)
Spread: 1.00 (0.308%)
Open: 320.50
High: 326.00
Low: 316.50
Prev. Close: 318.50
3IN Live PriceLast checked at -
3i Infrastructure is an Investment Trust

To build a diversified portfolio of equity investments in entities owning infrastructure businesses and assets by seeking investment opportunities globally, but with a focus on Europe, North America and Asia.

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3i infrastructure updates return target following sale of Eversholt Rail, full-year profits jump

Tue, 12th May 2015 08:28

Investment company 3i Infrastructure said the sale of the freight rolling Eversholt Rail helped its full-year returns to increase at its highest level since its initial public offering (IPO) in 2007.Total return increased by 24.6% to £267m, which the company said was driven by the sale of Eversholt Rail and valuation gains in its European core investments.However, the group downgraded its return target from 10% to a "sustainable target" of 8% to 10% for the year. It explained the updated target is consisted with the sale of Eversholt Rail and the current returns from its core infrastructure and primary projects.Profits before tax jumped 275.7% to £266.8m, driving earnings per share up to 30.3p from 8.1p the year before.Despite a decline of 18.7% in investment income to £58.1m, investment return rose to £304.8m from £80.8m.3i blamed a low interest rate environment and higher prices of some infrastructure assets for the decline of projected returns.The group said these factors hurt its core infrastructure assets, making it "more challenging for the company to secure new investments at returns consistent with its existing targets".Due to increasing competitions for large core infrastructure assets, 3i started investing in "more attractive" risk-adjusted returns in other areas such as mid market core infrastructure and low-risk energy projects.It also announced it will pay an annual dividend of 7.25p per share in 2016.Chairman Peter Sedgwick, who announced on Tuesday his intention to resign from the board by the end of the year, said: "The board is announcing a revised total return target, providing increased flexibility for future investment, as well as a new dividend policy designed to maintain dividend progression each year for our shareholders."In combination with the exceptional return generated from the sale of our interest in Eversholt Rail, this facilitates a return of capital to shareholders, while maintaining a good level of liquidity for new investment."Shares were down 0.06% to 163.4p on Tuesday at 08:54.
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29 Sep 2023 07:17

3i Infrastructure delivers decent H1 with income beat

(Sharecast News) - Infrastructure investment group 3i Infrastructure (3iN) said that its portfolio continues to deliver strong earnings growth, as first-half income came in ahead of expectations.

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24 Jul 2023 09:10

3i Infrastructure sells stake in Attero in deal worth EUR215 million

(Alliance News) - 3i Infrastructure PLC on Monday said it plans to sell its 25% stake in Attero, in a deal worth EUR215 million.

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24 Jul 2023 08:48

LONDON MARKET OPEN: Lower start with eyes on trio of rate decisions

(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks.

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24 Jul 2023 08:02

3i Infrastructure to sell Attero stake at a 31pc premium

(Sharecast News) - 3i Infrastructure announced its intention to sell its approximately 25% stake in Attero - a waste treatment and recycling company based in the Netherlands - to Ardian Infrastructure on Monday.

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24 Jul 2023 07:51

LONDON BRIEFING: Stocks to open lower; Vodafone quarterly revenue dips

(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks.

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21 Jul 2023 10:41

IN BRIEF: 3i Infrastructure makes Stephanie Hazell senior director

3i Infrastructure PLC - Jersey-based infrastructure investment trust - Promotes Stephanie Hazell to senior independent director, replacing Paul Masterton, who stepped down from the board on Thursday. Ian Lobley also departs as non-executive director on Thursday and is replaced by Jennifer Dunstan, representing investment manager 3i Investments PLC, part of 3i Group PLC. Dunstan joined 3i in 2005 and now leads the Fund Investor Relations team.

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6 Jul 2023 09:38

3i Infrastructure says portfolio companies perform strongly

(Alliance News) - 3i Infrastructure PLC on Thursday said it saw continued growth and a strong performance across its portfolio in its first quarter.

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29 Jun 2023 15:49

UK shareholder meetings calendar - next 7 days

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10 May 2023 09:51

3i Infrastructure beats total return expectations; raises dividend

(Alliance News) - 3i Infrastructure PLC on Wednesday said profit was down despite reporting a total return ahead of expectations.

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31 Mar 2023 12:52

3i Infrastructure backs dividend target; expects Attero bid interest

(Alliance News) - 3i Infrastructure PLC on Friday backed its dividend target and hailed "strong growth momentum" in its portfolio.

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10 Feb 2023 09:31

3i Infrastructure raises GBP100 million via placing of shares

(Alliance News) - 3i Infrastructure PLC on Friday said it raised proceeds of GBP100 million, following a placing of shares announced on Monday.

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6 Feb 2023 09:02

LONDON MARKET OPEN: New US-China flare-up, rate hike worry hit shares

(Alliance News) - Stock prices in London opened the week lower on Monday, as renewed tensions between the US and China and revived interest rate fears dented risk appetite.

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6 Feb 2023 08:43

IN BRIEF: 3i Infrastructure to pay down debt via share placing

3i Infrastructure PLC - Jersey-based infrastructure investment trust - Announces a proposed placing of new shares at 330 pence each. The infrastructure investment firm doesn't say the amount it hopes to raise but says the funds will be used to pay down drawings on its revolving credit facility, and as liquidity for future investment. The placing price represents a 3.4% discount to its closing share price of 341.50 pence on Friday. Placing is expected to close at noon on Thursday.

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6 Feb 2023 07:45

LONDON BRIEFING: Germany sees rise in large-scale manufacturing orders

(Alliance News) - Stocks in London were called lower on Monday, after a stronger-than-expected US jobs print on Friday that investors fear may provoke the hawks at the Federal Reserve.

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6 Feb 2023 07:10

3i Infra in share placing

(Sharecast News) - International infrastructure investor 3i on Monday said it planned to raise cash to pay down debt and finance new deals.

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