Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 3,035.00
Bid: 3,035.00
Ask: 3,038.00
Change: -16.00 (-0.52%)
Spread: 3.00 (0.099%)
Open: 3,062.00
High: 3,071.00
Low: 3,031.00
Prev. Close: 3,051.00
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.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

London close: Stocks finish higher on raft of global data

Tue, 30th Jan 2024 16:00

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

Market participants were also digesting a veritable smorgasbord of key earnings reports from US companies across the pond.

By the close, the FTSE 100 was up 0.44% to finish at 7,666.31 points, while the FTSE 250 posted a slight increase of 0.2%, ending the day at 19,349.50.

On the currency front, sterling was last down 0.24% on the dollar to trade at $1.2679, while it slipped 0.32% against the euro to change hands at €1.1695.

"European stock indices ended the day on a positive note as the IMF raised its 2024 growth forecast but despite it lowering Germany's from 0.9% to 0.5% this year, and eurozone sentiment weakening slightly," said IG senior market analyst Axel Rudolph.

"Preliminary fourth quarter GDP showed that France, Germany and the euro area avoided technical recessions by narrow margins.

"In the US, home prices hit a fresh one-year high with JOLTS job openings unexpectedly rising as well."

Rudolph added that Monday's rally on Wall Street was taking a breather as investors fervently awaited earnings from Alphabet and Microsoft after the closing bell, the Fed's interest rate decision and outlook on Wednesday, and Apple, Amazon and Meta earnings on Thursday, as well as US non-farm payrolls on Friday.

"Oil and gold prices are little changed as well while the greenback is stuck in a tight sideways trading range."

Shop price inflation slows, IMF raises global projections

In economic news, shop price inflation in the UK saw a noticeable slowdown at the start of the year.

According to data from the British Retail Consortium (BRC) and NielsenIQ, annual shop price inflation dropped significantly to 2.9% in the period from 1 January to 7 January, marking its lowest level since May 2022.

Within the data, non-food inflation saw a substantial decrease, plummeting to 1.3% in January from 3.1% in December - a sharp drop below the three-month average rate of 2.4%.

Food inflation also decelerated, declining to 6.1% in January from 6.7% in December, continuing a trend of nine consecutive months of deceleration and reaching its lowest level since June 2022.

"Some New Year cheer as January shop price inflation slid to its lowest level since May 2022," said British Retail Consortium chief executive officer Helen Dickinson.

"Non-food goods drove the fall, as many retailers offered heavily discounted goods in their January sales to entice consumer spend amidst weak demand.

"Good news for the morning brew as the price of tea and milk fell, while evening tipples remained more expensive on the back of increased alcohol duties."

Elsewhere, a trio of leading UK consumer lending indicators for December fell short of analysts' expectations.

Net consumer credit borrowing declined to £1.2bn, down from £2.1bn in November, with credit card borrowing dropping to £0.3bn from £1.0bn.

Other forms of credit, such as car finance and personal loans, also decreased to £0.9bn from £1.1bn.

Mortgage debt saw net repayments of £0.8bn in December, compared to a net zero result in November, while gross mortgage lending increased to £17.1bn from £16.4bn.

Net mortgage approvals for house purchases rose to 50,500, slightly below the market forecast of 53,000 and below the 2015 to 2019 average of 66,400.

Additionally, the measure of total liquid assets, including household deposits with banks, building societies, and flows into National Savings and Investment accounts, increased by £6.0bn, surpassing the £4.2bn average monthly rate over the last six months.

"Households managed their finances cautiously towards the end of 2023, but they likely will be willing to borrow more this year, now that mortgage rates have fallen and the outlook for growth in real disposable income has improved," said Samuel Tombs, chief UK economist at Pantheon Macroeconomics.

On the global stage, the International Monetary Fund (IMF) raised its projections for economic growth in 2024 and 2025.

The IMF's January update to its World Economic Outlook report now forecast world GDP growth at 3.1% in 2024, up 0.2 percentage points from its previous forecast in October.

For 2025, growth was pencilled in at 3.2%, thanks to "greater-than-expected resilience in the United States and several large emerging market and developing economies, as well as fiscal support in China".

However, in the eurozone, economic sentiment remained subdued in January, with the sentiment indicator in the euro area decreasing slightly from 96.3 in December to 96.2.

Small improvements in sentiment in manufacturing and services were offset by declines in other sectors, and consumer confidence also fell.

In Germany, official data revealed that the economy contracted by 0.3% in the final quarter of 2023, following flat GDP in the second and third quarters, raising concerns about the possibility of recession in Europe's largest economy.

Meanwhile, France managed to avoid entering a technical recession, but its economy stagnated with a 0.0% growth rate in the last three months of 2023, following a flat third quarter.

On the other side of the Atlantic, the US jobs market continued to show strength at the end of 2023, with an increase in job openings and hiring.

However, there was a slight decrease in voluntary separations, or quits.

Finally on data, consumer confidence in the US saw its third consecutive monthly increase in January, reaching its highest level in more than two years, according to the Conference Board.

The consumer confidence index rose to 114.8, aligning with consensus forecasts.

Ashtead and 3i Group rise, Saga slides despite outlook

On London's equity markets, 3i Group gained 2.63% after Barclays reaffirmed its 'overweight' rating and raised the price target, while Ashtead Group rose 1.53% with JPMorgan reiterating its 'overweight' stance on the shares.

Kainos Group jumped 4.01% after Berenberg re-initiated coverage with a 'buy' recommendation.

WPP saw a 1.92% increase after the advertising group backed its full-year guidance and outlined its 2024 targets.

Auction Technology Group recorded significant gains of 19.82% after announcing that it expected its annual results to align with expectations following an 11% increase in revenue for the first three months of the year.

HSBC Holdings, despite being fined £57.4m by the Bank of England for serious failings in protecting customer deposits, managed to gain 0.68%.

Diageo turned green by the end of the day, rising 0.91% even after it reported a decline in first-half profits, particularly in the Latin American and Caribbean regions.

Pets at Home Group also ended positively, managing gains of 0.14% despite cutting its full-year profit outlook due to weaker-than-expected retail performance in the third quarter.

Carnival advanced 3.03% despite announcing that its annual earnings would be impacted by the re-routing of ships in the Red Sea, as it cited strong bookings that would offset the impact.

On the downside, Saga reversed earlier gains to close 2.62% lower, even after it anticipated more than doubling its full-year underlying pre-tax profit compared to the prior year.

Travel caterer SSP Group gave up earlier gains to decline 0.27%, even after maintaining its full-year guidance following a strong rise in first-quarter sales driven by recovering rail and air passenger numbers after the Covid pandemic.

Deliveroo faced a 3.12% decline after Delivery Hero sold its entire 4.5% stake in the company.

Natural gas group Diversified Energy Company slipped 1.43% after announcing its expectation to deliver record profits above consensus forecasts for 2023, despite a "challenging" commodity price environment, as production reached an all-time high.

Reporting by Josh White for Sharecast.com.

Market Movers

FTSE 100 (UKX) 7,666.31 0.44%

FTSE 250 (MCX) 19,349.50 0.20%

techMARK (TASX) 4,377.01 0.07%

FTSE 100 - Risers

3i Group (III) 2,497.00p 2.63%

Auto Trader Group (AUTO) 738.00p 2.41%

Pershing Square Holdings Ltd NPV (PSH) 3,804.00p 2.20%

NATWEST GROUP (NWG) 227.20p 2.07%

WPP (WPP) 795.60p 1.92%

CRH (CDI) (CRH) 5,640.00p 1.92%

Barclays (BARC) 150.26p 1.84%

Lloyds Banking Group (LLOY) 43.06p 1.83%

Experian (EXPN) 3,311.00p 1.72%

Informa (INF) 779.20p 1.70%

FTSE 100 - Fallers

Airtel Africa (AAF) 114.30p -5.15%

Mondi (MNDI) 1,424.40p -3.22%

Entain (ENT) 957.40p -2.37%

Smith (DS) (SMDS) 284.70p -1.93%

Ocado Group (OCDO) 554.80p -1.91%

Fresnillo (FRES) 539.20p -1.71%

Croda International (CRDA) 4,586.00p -1.52%

Smurfit Kappa Group (CDI) (SKG) 3,008.00p -1.51%

BT Group (BT.A) 112.75p -1.49%

Burberry Group (BRBY) 1,324.00p -1.41%

FTSE 250 - Risers

Auction Technology Group (ATG) 545.00p 19.39%

Kainos Group (KNOS) 1,140.00p 4.49%

Baltic Classifieds Group (BCG) 242.50p 3.85%

Spectris (SXS) 3,690.00p 3.48%

Carnival (CCL) 1,193.00p 3.03%

W.A.G Payment Solutions (WPS) 90.60p 2.95%

Trainline (TRN) 336.20p 2.94%

Morgan Advanced Materials (MGAM) 282.50p 2.91%

TP Icap Group (TCAP) 191.10p 2.80%

Computacenter (CCC) 2,918.00p 2.53%

FTSE 250 - Fallers

NCC Group (NCC) 118.20p -3.90%

Mobico Group (MCG) 86.55p -3.78%

Wood Group (John) (WG.) 166.40p -2.92%

Helios Towers (HTWS) 79.25p -2.76%

Ithaca Energy (ITH) 139.40p -2.38%

Fidelity China Special Situations (FCSS) 190.60p -2.26%

Victrex plc (VCT) 1,362.00p -2.23%

Assura (AGR) 44.38p -2.16%

Direct Line Insurance Group (DLG) 166.95p -2.11%

Jlen Environmental Assets Group Limited NPV (JLEN) 97.20p -1.92%

More News
22 Jul 2022 09:33

LONDON BROKER RATINGS: Morgan Stanley cuts S4 Capital and raises Wise

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

Read more
21 Jul 2022 17:13

Financials lift FTSE 100; earnings boost midcaps

July 21 (Reuters) - UK's FTSE 100 crawled higher on Thursday as gains in financial stocks offset the weakness in energy and healthcare shares, while positive corporate earnings reports supported the mid-cap index.

Read more
21 Jul 2022 17:08

LONDON MARKET CLOSE: Stocks rise; ECB supersizes interest rate hike

(Alliance News) - Stocks in London ended higher on Thursday as investors digested another raft of corporate earnings, while the European Central Bank surprised markets with an aggressive rate hike.

Read more
21 Jul 2022 09:17

TOP NEWS: 3i first quarter robust on strong performance from Action

(Alliance News) - 3i Group PLC on Thursday reported a rise in net asset value for the first quarter of its financial year, due to a strong performance from its Private Equity portfolio, particularly Action.

Read more
21 Jul 2022 07:50

3i Group's NAV grows in Q1

(Sharecast News) - Private equity firm 3i Group said on Thursday that its net asset value had increased from 1,321.0p to 1,406.0p during the three months ended 30 June, with the company delivering a total return of 6.6% over the period.

Read more
30 Jun 2022 14:47

IN BRIEF: 3i Non-Exec Director Daintith buys GBP100,000 in shares

3i Group PLC - London-based private equity and venture capital investor - Non-Executive Director Stephen Daintith buys 8,850 shares at GBP11.12 each, worth GBP98,412, in London on Thursday.

Read more
30 Jun 2022 09:54

3i Group boasts strong sales for portfolio discount store Action

(Alliance News) - 3i Group PLC on Thursday reported "very strong" sales for portfolio company Action, a Dutch discount store chain operating in nine countries within Europe.

Read more
23 Jun 2022 16:02

UK shareholder meetings calendar - next 7 days

Friday 24 June 
AFC Energy PLCGM re fees for non-executive directors
Devolver Digital IncAGM
Gulf Keystone Petroleum LtdAGM
Hawkwing PLCAGM
Invesco Bond Income Plus LtdAGM
Life Science REITAGM
Northcoders Group PLCAGM
Princess Private Equity Holding LtdAGM
Monday 27 June 
Anglo-Eastern Plantations PLCAGM
Celadon Pharmaceuticals PLCAGM
Cizzle Biotechnology Holdings PLCAGM
Echo Energy PLCAGM
Medica Group PLCAGM
Pelatro PLCAGM
Surgical Innovations Group PLCAGM
Warpaint London PLCAGM
Tuesday 28 June 
4D Pharma PLCAGM
Acceler8 Ventures PLCAGM
Airtel Africa PLCAGM
Alina Holdings PLCAGM
Aquila Energy Efficiency Trust PLCAGM
Attraqt Group PLCAGM
Bay Capital PLCAGM
Capital & Counties Properties PLCAGM
Corre Energy BVAGM
Creo Medical Group PLCAGM
Futura Medical PLCAGM
Gama Aviation PLCAGM
ICG Enterprise Trust PLCAGM
ImmuPharma PLCAGM
Katoro Gold PLCAGM
Rockhopper Exploration PLCAGM
Sound Energy PLCAGM
Volvere PLCAGM
Zegona Communications PLCAGM
Wednesday 29 June 
Africa Opportunity Fund LtdAGM
Argo Blockchain PLCAGM
Atome Energy PLCAGM
Brave Bison Group PLCAGM
Concurrent Technologies PLCAGM
Eden Research PLCAGM
Facilities by ADF PLCAGM
Gemfields Group LtdAGM
Golden Prospect Precious Metals LtdAGM
Helios Underwriting PLCAGM
Hurricane Energy PLCAGM
i(x) Net Zero PLCAGM
Lords Group Trading PLCAGM
MaxCyte IncAGM
Meggitt PLCAGM
Mobile Tornado Group PLCAGM
NB Distressed Debt Investment Fund LtdAGM
NetScientific PLCAGM
Provident Financial PLCAGM
RA International Group PLCAGM
Reabold Resources PLCAGM
Symphony Environmental Technologies PLCAGM
Team17 Group PLCAGM
ThinkSmart LtdGM re approval for capital return
Trinity Exploration & Production PLCAGM
Zaim Credit Systems PLCAGM
Thursday 30 June 
3i Group PLCAGM
Ashtead Technology Holdings PLCAGM
Borders & Southern Petroleum PLCAGM
Caspian Sunrise PLCAGM
Cobra Resources PLCAGM
Crimson Tide PLCAGM
Gresham House Energy Storage Fund PLCAGM
GRIT Investment Trust PLCAGM
Gulf Marine Services PLCAGM
Hamak Gold LtdAGM
Hemogenyx Pharmaceuticals PLCAGM
Immotion Group PLCAGM
Inspiration Healthcare Group PLCAGM
Inspired PLCAGM
Jadestone Energy PLCAGM
Kanabo Group PLCAGM
Likewise Group PLCAGM
Live Co Group PLCAGM
Location Sciences Group PLCAGM
LoopUp Group PLCAGM
M&C Saatchi PLCAGM
Microsaic Systems PLCAGM
Nostra Terra Oil & Gas CoAGM
Pathfinder Minerals PLCAGM
Playtech PLCAGM
Primorus Investments PLCAGM
Rockfire Resources PLCAGM
Roquefort Therapeutics PLCAGM
Sanne Group PLCAGM
Scottish Mortgage Investment Trust PLCAGM
Serica Energy PLCAGM
Supply@ME Capital PLCAGM
Surface Transforms PLCAGM
Synairgen PLCAGM
Tower Resources PLCAGM
Trainline PLCAGM
Victoria Oil & Gas PLCAGM
Watchstone Group PLCAGM
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
23 Jun 2022 10:21

3i enters exclusive negotiations to sell Havea Group

(Sharecast News) - 3i Group announced on Thursday that it, and its co-investor Cathay Capital, have entered into exclusive negotiations for the sale of its investment in Havea Group to funds advised by BC Partners, alongside Havea's management team.

Read more
9 Jun 2022 15:55

UK dividends calendar - next 7 days

Friday 10 June 
Centamin PLCdividend payment date
ContourGlobal PLCdividend payment date
Diploma PLCdividend payment date
Ecofin US Renewables Infrastructure Trust PLCdividend payment date
Focusrite PLCdividend payment date
Home REIT PLCdividend payment date
Witan Investment Trust PLCdividend payment date
Monday 13 June 
Hiscox Ltddividend payment date
Tuesday 14 June 
GCP Asset Backed Income Fund Ltddividend payment date
Wednesday 15 June 
Hipgnosis Songs Fund Ltddividend payment date
Thursday 16 June 
3i Group PLCex-dividend date
Aberdeen Diversified Income & Growth Trust PLCex-dividend date
Anglo Pacific Group PLCex-dividend date
BlackRock Energy & Resources Income Trust PLCex-dividend date
Brunner Investment Trust PLCex-dividend date
Downing Strategic Micro-Cap Investment Trust PLCex-dividend date
Ferrexpo PLCex-dividend date
Fidelity China Special Situations PLCex-dividend date
Forterra PLCex-dividend date
Henderson High Income Trust PLCex-dividend date
Impax Asset Management Group PLCex-dividend date
Intermediate Capital Group PLCex-dividend date
JTC PLCex-dividend date
Land Securities Group PLCex-dividend date
Persimmon PLCex-dividend date
Personal Assets Trust PLCex-dividend date
Personal Assets Trust PLCspecial ex-dividend date
Pets at Home Group PLCex-dividend date
S&U PLCex-dividend date
Schroder Real Estate Investment Trust Ltdex-dividend date
Unilever PLCdividend payment date
XP Power Ltdex-dividend date
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
26 May 2022 10:01

LONDON BROKER RATINGS: Tesco downgraded; Berenberg likes FirstGroup

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

Read more
25 May 2022 13:47

3i Infrastructure sells 17% of Esvagt stake for GBP90 million

(Alliance News) - 3i Infrastructure PLC on Wednesday said it has signed an agreement to offload 17% of its stake in rescue and response vessel company Esvagt to 3i Aura.

Read more
12 May 2022 09:54

TOP NEWS: 3i lifts payout on strong annual performance

(Alliance News) - 3i Group PLC on Thursday upped its dividend on full-year results that were supported by robust contributions of portfolio firms in the healthcare and consumer sector.

Read more
12 May 2022 08:26

3i Group turns in solid full-year performance

(Sharecast News) - Private equity giant 3i Group described a solid performance in its full-year results on Thursday, with a total return for 2022 of £4.01bn, or 44% on opening shareholders' funds.

Read more
5 May 2022 16:06

UK earnings, trading statements calendar - next 7 days

Friday 6 May 
Beazley PLCTrading Statement
InterContinental Hotels Group PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Numis CorpHalf Year Results
S4 Capital PLCFull Year Results
Spirent Communications PLCTrading Statement
Monday 9 May 
HgCapital Trust PLCTrading Statement
Georgia Capital PLCTrading Statement
Kosmos Energy LtdQ1 Results
Tuesday 10 May 
FD Technologies PLCFull Year Results
Pacific Assets Trust PLCFull Year Results
Renishaw PLCTrading Statement
Shanta Gold LtdFull Year Results
Treatt PLCHalf Year Results
Trellus Health PLCFull Year Results
Wednesday 11 May 
Airtel Africa PLCFull Year Results
Anexo Group PLCFull Year Results
Angling Direct PLCFull Year Results
Bank of Georgia Group PLCQ1 Results
Brewin Dolphin Holdings PLCHalf Year Results
Compass Group PLCHalf Year Results
Conduit Holdings LtdTrading Statement
Dignity PLCTrading Statement
ITV PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Vertu Motors PLCFull Year Results
Thursday 12 May 
3i Group PLCFull Year Results
Adnams PLCTrading Statement
Balfour Beatty PLCTrading Statement
BT Group PLCFull Year Results
Coca-Cola HBC AGQ1 Results
ConvaTec Group PLCTrading Statement
Entain PLCTrading Statement
Grainger PLCHalf Year Results
Hargreaves Lansdown PLCTrading Statement
Plant Health Care PLCFull Year Results
Rolls-Royce Holdings PLCTrading Statement
Seraphim Space Investment Trust PLCQ3 Results
Superdry PLCTrading Statement
Titon Holdings PLCHalf Year Results
Versarien PLCHalf Year Results
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.