3i investment returns slow down
Friday 01 December 1995
3i, Europe's biggest provider of venture capital, has seen a slowdown in smaller company earnings this year. Rising at average rates of 25 per cent as the UK emerged from recession between 1993 and early 1994, profits growth at the companies in which 3i invests decelerated to nearer 15 per cent in the second half of 1994.
Despite this, 3i was still able to report a 13 per cent rise in total return to shareholders for the six months to September yesterday. Total return comprised pre-tax profits up from pounds 33m to pounds 42.2m and capital profits more than doubled from pounds 110m to pounds 239m, before currency translation adjustments. Now an investment trust, 3i's net asset value rose from 346p to 390p and the interim dividend goes up 11 per cent to 3.1p.
- 1 Tidal launch: The most pretentious lines from Alicia Keys' valedictory speech
- 3 Katie Hopkins attacked me on Twitter — so I reported her to the police for inciting racial hatred
- 4 Tidal: Jay Z's Spotify rival streaming service criticised for making wealthy artists even richer
- 5 Brixton squat flats now costing up to £3k per month show how out of control rent is in London
Ukip supporters are 55 or older, white and socially conservative, finds British Social Attitudes Report
Street preacher quoting from the Bible fined for calling homosexuality an 'abomination'
Woman filmed launching racist tirade against men on the Tube for speaking in 'own lingo'
The West has it totally wrong on Lee Kuan Yew
David Cameron calls Labour 'hopeless, sneering socialists' while announcing 7-day NHS plans
Revealed: Putin's army of pro-Kremlin bloggers
iJobs Money & Business
£45000 - £50000 per annum + benefits : Ashdown Group: A highly successful, glo...
£50,000 - £55,000: Neil Pavier: Are you a professionally qualified commercial ...
£45,000 - £55,000: Loren Hughes: Are you looking for a new opportunity that wi...
Circa £45,000-£50,000 + benefits: Sheridan Maine: Are you a newly qualified ac...