Fri, 31st Aug 2018 07:37
UK stocks are set to jump strongly when markets open on Monday morning, extending their recent winning streak into a fifth straight day ahead of a shortened trading week. City sources predict the FTSE 100 will open 50 points higher than Friday's close of 6,545.27. The index surged 4% over the past
Read moreInfrastructure investment firm John Laing Infrastructure Fund has completed the acquisition of two assets from John Laing for a combined value of £21.6m. The fund has taken receipt of an 80% stake in the Kirklees Social Housing project and a 50% stake in the Surrey Street Lighting project, bringing
Read more* Balfour says bid from JLIF undervalues assets * JLIF questions basis of Balfour's valuation * Balfour shares close up 5.9 pct (Adds JLIF comment, analyst comment, share price) By Neil Maidment and Sarah Young LONDON, Dec 5 (Reuters) - British infrastructure group Balfo
Read moreBalfour Beatty's rejection of a £1bn bid for its public-private partnership (PPP) portfolio was a "brave move" by management, according to analysts at Investec. Balfour said on Friday that the recent bid from John Laing Infrastructure Fund (JLIF) "falls significantly short of its own view of the val
Read moreLONDON, Dec 5 (Reuters) - British infrastructure group Balfour Beatty said on Friday it had rejected a 1 billion pound ($1.6 billion) offer from John Laing Infrastructure Fund for its public-private partnership assets. The non-binding proposal, which was made on Monday, fell significantly s
Read more* Infrastructure group offers to buy Balfour's PPP assets * Balfour shares up over 4 percent * Separately Kier in talks to buy Mouchel (Adds analyst, source comments, shares) By Paul Sandle LONDON, Dec 1 (Reuters) - Britain's John Laing Infrastructure Fund had made a 1 b
Read moreThe £1bn potential bid by John Laing Infrastructure Fund for Balfour Beatty's public-private partnership (PPP) portfolio will test the latter's new boss, according to analysts at Canaccord Genuity. They labelled the price a "significant lump of cash", but said that £1bn for the portfolio was a "fire
Read more** Balfour Beatty boosted by John Laing Infrastructure Fund's 1 bln pound ($1.6 bln) cash bid for co's portfolio of public-private partnership assets ** Shares up 4.8 pct at 2-month high & second-top risers on STOXX Europe 600 ** Bid spec has intensified around BB which has been hit b
Read moreJohn Laing Infrastructure Fund (JLIF) has announced that it is planning to make a non-binding proposal to the board of Balfour Beatty for its public-private partnership portfolio for around £1bn in cash. JLIF said that if it decides to go ahead with the offer, it plans to finance the acquisition lar
Read moreLONDON, Dec 1 (Reuters) - John Laing Infrastructure Fund on Monday offered to buy Balfour Beatty's portfolio of public-private partnership assets, in sectors like education and health, for 1 billion pounds ($1.6 billion) in cash. JLIF said it would fund the deal by issuing shares. T
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