IN BRIEF: HICL Infrastructure net asset value dips alongside inflation
30th Apr 2024 11:58
HICL Infrastructure PLC - London-based closed-ended investment company - Net asset value per share ticks down 0.8% to 158.2 pence as at March 31 from 159.4p at December 31, citing UK inflation in the year to March being lower than it expected. Further, HICL notes a reduction in UK inflation assumptions for financial years 2025 and 2026. The company's financial year ends on March 31. Comparing the end of March to the end of September 2023, it says: "The impact of the decrease in actual inflation versus forecast assumptions resulted in a valuation downside of GBP24.3 million in the six-month period." Read More