Last checked at 17 Jun 2014 15:30
LONDON FINANCE & INVESTMENT GROUP PLC - Interim Management StatementLONDON FINANCE & INVESTMENT GROUP PLC - Interim Management Statement
PR Newswire
London, June 17
Date: 17 June 2014 On behalf of: London Finance & Investment Group P.L.C London Finance & Investment Group P.L.C. Interim Management Statement Since our half year end on 31 December 2013 our net assets per share, includinginvestments at market value, have decreased by 7.9% from 46.4p to 42.7p at 31May 2014. There have been no material changes to our General Portfolio of equities whichcurrently comprises 29 blue chip stocks in the U.K., Europe and the USA. Thevalue of the General Portfolio increased by 4.2% compared to rises in theEurofirst 300 index of 4.4% and in the FTSE100 of 1.4%. The value of ourStrategic Investments over the period fell with the value of Western SelectionP.L.C. reducing by 3.6% and Finsbury Food Group Plc down by 5.1%. The Board continues to remain cautious in its outlook for the remainder of theyear. Enquiries to: London Finance & Investment Group P.L.C. Edward Beale 020 7796 9060 Notes to Editors: ● London Finance & Investment Group P.L.C. is an investment company whoseassets primarily consist of two Strategic Investments and a General Portfolio.Strategic Investments are significant investments in smaller U.K. quotedcompanies and these are balanced by a General Portfolio, which consists mainlyof investments in major U.K., European and U.S. equities. ● Its strategic investments comprise: Western Selection P.L.C. and FinsburyFood Group plc. Western Selection P.L.C. has strategic investments in Crestonplc, Swallowfield plc, Northbridge Industrial Services plc and Hartim Limited.