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Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

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Share Price: 2,977.00
Bid: 2,974.00
Ask: 2,976.00
Change: 19.00 (0.64%)
Spread: 2.00 (0.067%)
Open: 2,959.00
High: 2,982.00
Low: 2,959.00
Prev. Close: 2,958.00
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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Portfolio income down but investment activity high at 3i Infrastructure

Thu, 07th Jul 2016 08:34

(ShareCast News) - Infrastructure investment company 3i Infrastructure updated the market on its performance in the quarter to 30 June on Thursday, with portfolio income down and investment activity high.During the period, the FTSE 250 company completed the acquisition of a 36% economic interest in Wireless Infrastructure Group for £75m and an investment in TCR of €200m.The company was part of a consortium appointed for the Hart van Zuid PPP greenfield project in the Netherlands, committing to invest €5m, and it completed a capital raise in early June with gross proceeds of £385m.3i's board said the portfolio was performing in line with expectations, generating portfolio income of £13.1m during the period - slightly down from the £14m in the first quarter of 2015.It claimed its liquidity position remained strong, with a pro forma cash balance of £177m on 30 June after the deduction of £148m for the investment in TCR and £29m for the payment of the final dividend for the year to 31 March.The company's undrawn revolving credit facility balance is £471m, including a £200m temporary additional facility."The portfolio is performing well and the company made some significant investments in the first quarter," said 3i Infrastructure chairman Richard Laing."The results of the capital raise were very encouraging and the board was pleased with the strong support received from both existing and new shareholders."Managing partners and co-heads of infrastructure at the company's investment adviser, 3i Investments, Ben Loomes and Phil White said they were pleased to have started the new financial year with investments in WIG, TCR and the Hart van Zuid project."We continue to develop our investment pipeline of economic infrastructure and greenfield projects where we see attractive risk-adjusted returns," they said.
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21 Mar 2024 09:25

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

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16 Feb 2024 09:51

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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

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29 Jan 2024 09:12

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10 Jan 2024 09:35

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

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5 Jan 2024 16:02

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6 Dec 2023 09:19

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

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