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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: 2,977.00
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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23 Mar 2023 12:23

LONDON MARKET MIDDAY: Bank of England lifts rates by 25 basis points

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, raised UK interest rates by 25 basis points on Thursday, as widely expected, and indicated that further tightening in monetary policy may be required.

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23 Mar 2023 09:27

3i portfolio firm Action posts sales growth in first 11 weeks of 2023

(Alliance News) - 3i Group PLC on Thursday said in an update its portfolio company Action has seen a strong start to 2023.

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23 Mar 2023 07:56

LONDON BRIEFING: Stocks called down ahead of UK interest rate decision

(Alliance News) - Stocks in London were set to open lower on Thursday as market attention turned to the Bank of England's interest rate decision, due at midday, a day after the US Federal Reserve lifted US rates by 25 basis points.

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9 Mar 2023 12:55

ICG, 3i battling to take control of Direct Ferries - report

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6 Feb 2023 22:15

IN BRIEF: 3i Group Chair Hutchison buys GBP230,000 in shares

3i Group PLC - London-based private equity and venture capital company - Says that Non-Executive Chair David Hutchison bought 14,075 shares at a price of GBP16.345 per share on Monday. The transaction was worth GBP230,055 in total. Hutchison's stake following the purchase was not stated.

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27 Jan 2023 09:29

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London stocks gain on financials boost, 3i Group jumps

3i Group tops FTSE 100 on quarterly update

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26 Jan 2023 16:58

London close: Modest gains for stocks after Q4 US GDP data

(Sharecast News) - London stocks were modestly higher on Thursday amid well-received updates from the likes of 3i or Intermediate Capital Group.

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26 Jan 2023 13:04

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26 Jan 2023 12:24

LONDON MARKET MIDDAY: Stocks edge higher as eyes turn to US GDP data

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