3i Infrastructure beats total return expectations; lifts dividend
8th May 2024 09:47
(Alliance News) - 3i Infrastructure PLC on Wednesday said annual profit was down despite reporting a total return ahead of expectations. Read More
(Alliance News) - 3i Infrastructure PLC on Wednesday said annual profit was down despite reporting a total return ahead of expectations. Read More
(Alliance News) - 3i Infrastructure PLC on Thursday said it anticipates to report returns for the second half of financial 2024 in line with its target. Read More
3i Infrastructure PLC - Jersey-based infrastructure investment trust says income for its third quarter of the year ending March 31 was slightly ahead of expectations at GBP49 million. This is a decrease of 11% from GBP55 million in the corresponding three-month period a year ago. Adds it is on track to deliver its financial 2024 dividend target of 11.90 pence per share, up 6.7% from 5.57p the previous year. Sees "attractive" growth opportunities in its portfolio. For example, says portfolio company TCR continues to outperform, with earnings growth ahead of its expectations at the start of the year. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning: Read More
(Alliance News) - 3i Infrastructure PLC on Friday said it has completed the sale of its stake in Dutch waste management company Attero to French investment firm Ardian Infrastructure. Read More
(Alliance News) - Stocks in London are called to open higher on Friday, following data from Nationwide showing that the annual pace of UK house price decline slowed in November. Read More
(Amended to correct spelling of chief executive officer's name to Simon Borrows.) Read More
(Alliance News) - 3i Infrastructure PLC on Tuesday said its net asset value total return decreased in its latest half year, but raised its dividend with help from increased income and non-income cash. Read More
3i Infrastructure PLC - Jersey-based infrastructure investment trust - Expects to deliver half-year period of outperformance, noting that its recent sale of Dutch waste management firm Attero has driven a 31% uplift to its latest valuation in the five months to September 28. Says portfolio continues to deliver "strong earnings growth", and income is "slightly ahead" of expectations, with total income and non-income cash of GBP103 million, up 5% from the same period last year. Is on track to deliver its dividend target for the year ending March 31 of 11.90 pence per share, up 6.7% from 5.4p in financial 2023, which is expected to be fully covered by net income. Read More
(Alliance News) - 3i Infrastructure PLC on Monday said it plans to sell its 25% stake in Attero, in a deal worth EUR215 million. Read More
(Alliance News) - Stock prices in London opened largely lower on Monday as markets looked ahead to a week of interest decisions from three major central banks. Read More
(Alliance News) - Stocks in London are set to open lower on Monday, ahead of a busy week focused on key interest rate decisions from the three major central banks. Read More
3i Infrastructure PLC - Jersey-based infrastructure investment trust - Promotes Stephanie Hazell to senior independent director, replacing Paul Masterton, who stepped down from the board on Thursday. Ian Lobley also departs as non-executive director on Thursday and is replaced by Jennifer Dunstan, representing investment manager 3i Investments PLC, part of 3i Group PLC. Dunstan joined 3i in 2005 and now leads the Fund Investor Relations team. Read More
(Alliance News) - 3i Infrastructure PLC on Thursday said it saw continued growth and a strong performance across its portfolio in its first quarter. Read More
(Alliance News) - 3i Infrastructure PLC on Wednesday said profit was down despite reporting a total return ahead of expectations. Read More
(Alliance News) - 3i Infrastructure PLC on Friday backed its dividend target and hailed "strong growth momentum" in its portfolio. Read More
(Alliance News) - 3i Infrastructure PLC on Friday said it raised proceeds of GBP100 million, following a placing of shares announced on Monday. Read More
(Alliance News) - Stock prices in London opened the week lower on Monday, as renewed tensions between the US and China and revived interest rate fears dented risk appetite. Read More
3i Infrastructure PLC - Jersey-based infrastructure investment trust - Announces a proposed placing of new shares at 330 pence each. The infrastructure investment firm doesn't say the amount it hopes to raise but says the funds will be used to pay down drawings on its revolving credit facility, and as liquidity for future investment. The placing price represents a 3.4% discount to its closing share price of 341.50 pence on Friday. Placing is expected to close at noon on Thursday. Read More