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Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

London Stock Exchange
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Share Price: 2,958.00
Bid: 2,957.00
Ask: 2,958.00
Change: -19.00 (-0.64%)
Spread: 1.00 (0.034%)
Open: 2,964.00
High: 2,967.00
Low: 2,936.00
Prev. Close: 2,977.00
III Live PriceLast checked at -
3i Group is an Investment Trust

To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.

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3i ups dividend after cost cutting lifts profits

Wed, 14th May 2014 12:18

- NAV up 4.9 per cent MoM- 5m pound cash profit- Final dividend of 13.3p per sharePrivate equity group 3i Group said it was starting the year with good momentum and ambitious plans, after unveiling results that showed an encouraging improvement in net asset value (NAV).With private equity realisations reaping £669m, up 43% over opening value, the group also achieved strong levels of realisations and made further inroads in cutting costs, which enabled a cash profit of £5m for the year.The FTSE 250 group outperformed its own cost savings target, slimming down operating costs by £70m a year, ahead of targeted savings of £60m.As a result it has proposed a final dividend 13.3p per share, representing a 20p annual payout. Chief Executive Simon Borrows: "We have met or exceeded all of our strategic priorities and targets for the year. "3i is now a more streamlined, decisive organisation focused on high performance and delivering attractive shareholder returns. We have started the new financial year with good momentum in our private equity portfolio and ambitious plans in our three businesses."The company strong total shareholder return of 30%, compared to 9% from the FTSE All-Share index, although this was down from the 54% the year before.Borrows pointed to good momentum into the new year, with three new mid-market private equity investments and one substantial further investment, contributing to total cash investment of £372m.Within Infrastructure, the group completed the purchase of Barclays's Infrastructure Funds Management business, adding over £700m of assets under management, and launched four new collateralised loan obligations funds with aggregate third-party AUM of £1.2bn.Shares in 3i were up 4.9% to 396.9p at 12:10 on Wednesday.OH
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21 Mar 2024 09:25

3i hails portfolio's "good momentum" with "strong start" for Action

(Alliance News) - 3i Group PLC on Thursday said its largest investee Action is off to a "strong start" this year, and said its other portfolio companies are showing "overall resilience".

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16 Feb 2024 09:51

LONDON BROKER RATINGS: Barclays starts Dowlais at 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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1 Feb 2024 17:03

LONDON MARKET CLOSE: Stocks down on hawkish BoE interest rates hold

(Alliance News) - Stock prices in London closed down on Thursday after the Bank of England left interest rates on hold in a split decision that was hawkish on expectations of rate cuts.

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1 Feb 2024 16:48

London close: Stocks turn lower as BoE keeps rates on hold

(Sharecast News) - London's financial markets finished in the red on Thursday, reversing earlier gains after the Bank of England maintained interest rates at current levels.

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1 Feb 2024 12:22

LONDON MARKET MIDDAY: BoE keeps bank rate on hold in split decision

(Alliance News) - London's FTSE 100 was on the up on Thursday afternoon after the Bank of England left interest rates on hold on Thursday, in a split decision.

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1 Feb 2024 10:18

3i Group net asset value rises amid "impressive" Action trading

(Alliance News) - 3i Group PLC on Thursday reported a rise in net asset value per share during its third-quarter, and hailed bullish trade from its largest investee.

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1 Feb 2024 07:40

3i Group sees NAV rise 8% in third quarter

(Sharecast News) - London-headquartered private equity and infrastructure firm 3i Group reported an 8% increase in net asset value (NAV) over the third quarter and an "excellent" result from Europe-focused non-food discounter Action.

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30 Jan 2024 16:00

London close: Stocks finish higher on raft of global data

(Sharecast News) - London's stock markets managed modest gains on Tuesday, driven by the news that the eurozone had narrowly avoided a recession.

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30 Jan 2024 09:32

LONDON BROKER RATINGS: BoA cuts Barratt, Persimmon; ups Taylor Wimpey

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning:

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29 Jan 2024 09:12

LONDON BROKER RATINGS: Berenberg raises IMI; Exane BNP cuts Schroders

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

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10 Jan 2024 09:35

LONDON BROKER RATINGS: BofA cuts Ashtead; UBS likes 3i Group

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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5 Jan 2024 16:02

UK dividends calendar - next 7 days

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6 Dec 2023 09:19

LONDON BROKER RATINGS: RBC likes 3i; JPMorgan raises Ocado

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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6 Dec 2023 08:04

RBC Capital starts 3i Group at 'outperform'

(Sharecast News) - RBC Capital Markets initiated coverage of private equity firm 3i Group on Wednesday with an 'outperform' rating and 2,550p price target.

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