Carillion : CLLN

News

• 21 Mar 2018 2 min read

  International Public Partnership says Carillion hit was just £1.5m

  International Public Partnership says Carillion hit was just £1.5m – International Public Partnership has released results for the year ended 31 December 2017. Highlights are: Net Asset Value (‘NAV’) growth to GBP2.0 billion (2016: GBP1.6 billion) translates into NAV per share growth to 145.0 pence (2016: 142.2 pence). They say that this reflects steady progression […]

• 28 Feb 2018 2 min read

  Law Debenture beats its benchmark and raises its dividend

  Law Debenture beats its benchmark and raises its dividend – In its final report for the year to 31st December 2017, Law Debenture (LWDB)  reported that total return of the NAV was 16.6%, while the benchmark, the FTSE All Share Index returned was 13.1%. The UK remained the central focus of the portfolio, although the fund is […]

• 06 Feb 2018 2 min read

  Tritax will fund new Eddie Stobart logistics facility

  Tritax will fund new Eddie Stobart logistics facility – Tritax Big Box REIT has exchanged contracts, conditional on receiving full planning consent, to provide forward funding for the development of a new regional distribution centre at Midlands Logistics Park, Corby. The development asset is pre-let to Eddie Stobart Limited, one of the UK’s leading logistics […]

• 29 Jan 2018 2 min read

  Carillion hit varies across infrastructure funds

  Carillion hit varies across infrastructure funds – on 15 January 2018, as Carillion entered liquidation, HICL Infrastructure announced that “a contingency plan has already been developed that specifically contemplated a scenario where Carillion enters liquidation and InfraRed has been working for some time with a number of potential replacement service providers. The contingency plan has […]

• 16 Jan 2018 1 min read

  BBGI and John Laing Infrastructure comment on Carillion

  BBGI and John Laing Infrastructure comment on Carillion – BBGI SICAV says it has no exposure to Carillion. John Laing Infrastructure Fund Limited has 9 operational PPP projects where Carillion are the Facilities Management (“FM”) provider, 4 schools projects, 4 emergency services projects and 1 road project.   The value of these projects is approximately 8.5% […]

• 15 Jan 2018 2 min read

  HICL and INPP reassure on Carillion exposure

  HICL and INPP reassure on Carillion exposure – HICL Infrastructure Company Limited has made an statement following the recent announcement from Carillion plc regarding its compulsory liquidation. Acting through the Risk Committee, the HICL board and InfraRed, the company’s manager, make ongoing assessments of counterparties, potential issues in the HICL supply chain and related contingency planning. In particular, […]

• 20 Dec 2017 2 min read

  Schroder UK Mid Cap discount stubbornly wide

  Schroder UK Mid Cap discount stubbornly wide – Schroder UK Mid Cap Fund says that, for the year ended 30 September 2017, its net asset value total return of 21.0% outperformed the benchmark by 6.8%. The dividend for the year is 13.10 pence per share, an increase of 16.4%. Talking about the discount, the chairman said “It […]

• 08 Dec 2017 1 min read

  International Public Partnerships buys Frankfurt cop shop

  International Public Partnerships buys Frankfurt cop shop – International Public Partnerships Limited  has entered into a binding commitment to acquire a stake in the new public private partnership police centre of South-East Hesse in Offenbach. International Public Partnerships has committed to invest c.EUR8 million for a 45% shareholding in the project. The project has been […]

• 27 Nov 2017 1 min read

  International Public Partnership consortium preferred bidder for OFTO project

  International Public Partnership consortium preferred bidder for OFTO project – International Public Partnerships Limited says that it is pleased that Transmission Capital Partners, the consortium comprising INPP, Amber Infrastructure and Transmission Investment has been appointed as preferred bidder for the long-term license and operation of a further offshore transmission project. The latest scheme, comprising the […]

• 09 May 2017 1 min read

  International Public Partnerships raises £330m in oversubscribed issue

  International Public Partnerships has successfully completed its Placing, Open Offer and Offer for Subscription. Due to significant oversubscription from new and existing investors and after conducting a significant scaling-back exercise for non-pre-emptive allocations, the Board has elected to issue the maximum new shares available, raising gross proceeds of GBP330 million. The level of additional demand […]

• 05 May 2017 1 min read

  International Public Partnerships ups stake in Wolverhampton schools project

  International Public Partnerships Limited has acquired an additional interest in the Wolverhampton Building Schools for the Future (“BSF”) project. INPP will commit a further GBP1.536 million to acquire Carillion Private Finance’s 8% indirect investment in each of phase I and phase II of the Wolverhampton BSF scheme, growing the  existing 82% investment in the project […]

• 30 Mar 2017 2 min read

  International Public Partnerships invested/committed £489m in 2016

  International Public Partnerships reports that, for the year ended 31 December 2016, it delivered overall NAV growth of 24.3% to GBP1.6 billion (partly on the back of a £200m fund raise during the year). NAV per share growth was 9.2% to 142.2 pence (2015: 130.2 pence). Its IFRS profits before tax rose by 119.4% to GBP175.3 million (2015: GBP79.9 […]

• 23 Mar 2017 1 min read

  International Public Partnerships intends to raise new capital

  International Public Partnerships (INPP) has announced that its current intention is to seek to raise additional capital following the publication of its annual results on 30 March 2017. It says that it expects to complete its investment in National Grid’s gas distribution network (announced on 8 December 2016) within the next few weeks and to […]

• 08 Dec 2016 1 min read

  International Public Partnerships joins consortium acquiring a 61% of National Grid’s Gas Distribution Network

  International Public Partnerships Limited (INPP) has announced that it is part of the Quad Gas Group consortium that has agreed to acquire a 61% interest in National Grid’s gas distribution network (GDN). The Company says that it expects to invest up to £275 million, with the remaining risk capital funded by the other consortium partners […]

• 05 Sep 2016 2 min read

  International Public Partnerships reports 6% NAV growth

  International Public Partnerships has published its interim accounts covering the six months ended 30 June 2016. It reported continued Net Asset Value growth over the half year of 6.3% to GBP1,371.4m (31 December 2015: GBP1,290.2m) with NAV per share over the same period increasing 6.1% to 138.2 pence (31 December 2015: 130.2 pence). In line […]

• 25 Aug 2016 1 min read

  International Public Partnership closes on 10 Building Schools for the Future interests

  International Public Partnership (INPP) has announced that it has reached financial close on ten Building Schools for the Future (BSF) interests from Balfour Beatty, investing £72.3m. INPP already held 10% interests in seven of the Balfour Beatty investments in question, and as a result of the transaction has increased its stake to 90% in each […]

• 28 Apr 2016 2 min read

  International Public Partnerships investing in Gold Coast Light Rail

  International Public Partnerships Limited has announced that the GoldLinQ consortium will make a further investment into a 7.3km extension to the Gold Coast Light Rail project in Queensland, Australia. The original A$1.29 billion project delivered by the Queensland Government and GoldLinQ saw the development of a 13km light rail system between Gold Coast University Hospital and Broadbeach. […]

• 24 Mar 2016 2 min read

  International Public Partnerships reports record levels of investment

  International Public Partnerships has published results for the year ended 31 December 2015. The NAV increased by 2.5% to 130.2p. They have declared a full year 2015 fully covered cash dividends up c.2.5% at 6.45 pence per share and set a minimum target dividend for 2016 financial year of 6.65 pence per share and for 2017 of 6.82 […]

• 16 Nov 2015 1 min read

  International Public Partnerships raises £180m

  International Public Partnerships has announced that it has raised £180m through a placing, open offer and offer for subscription. The company says that the issue was very significantly over subscribed and a total of 137,142,857 shares will now be issued at a price of 131.25p per share. The new shares are expected to be admitted to […]

• 26 Mar 2015 1 min read

  International Public Partnerships maps out dividend growth

  International Public Partnerships has mapped out its planed dividend increases for the next couple of years as it reports its final results for the year ended 31 December 2014. The full year dividend for 2014 was 6.3p, up from 6.15p in 2013. The Board says the minimum target for 2015 is 6.45p and for 2016 […]

• 20 Mar 2015 1 min read

  International Public Partnerships invests in second school project

  International Public Partnerships has followed up its investment in schools in the North East with a £10.2m investment in the Amber schools project which covers schools in Hertfordshire, Luton and Reading. The project will support the development of seven secondary schools on existing sites. Total capital expenditure on the schools in this batch is £144 […]

• 04 Nov 2014 1 min read

  International Public Partnerships makes biggest ever investment

  INPP : International Public Partnerships makes biggest ever investment International Public Partnerships has completed an investment into the Lincs offshore transmission project, committing £171m to it – the company’s largest single investment to date. The project links the 270MW Lincs windfarm to the National Grid via 100 kilometres of subsea cables and other related infrastructure […]

• 28 Aug 2014 1 min read

  International Public Partnerships Targeting a dividend of 6.45p for 2014

  INPP : International Public Partnerships Targeting a dividend of 6.45p for 2014 International Public Partnerships recent interims report underlying NAV growth of 1.8% during the six months to 30 June 2014, with a fully covered cash interim dividend declared at 3.15p per share (up c.2.5% year-on-year from 3.075p for the interim dividend for 2013). The target […]

• 27 Mar 2014 1 min read

  International Public Partnerships : INPP – final results

  International Public Partnerships net asset value increased from 121p to 123p over the course of 2013. Its dividend was increased to 6.15p per share (up 2.5%) and the Board has set targets of 6.3p for the current year and 6.45p for the next. At the end of December it had interests in 122 projects spread […]

• 27 Feb 2014 1 min read

  Law Debenture : LWDB – Anual report

  Law Debenture generated a net asset value return of 28.6% over 2013, well ahead of the return on the FTSE All-Share Index which returned 20.8%. The share price more or less kept pace with the asset value, returning 28.3%. Revenue from the fiduciary services business rose by 4.3%. The full year dividend rises to 15p […]

• 03 Feb 2014 1 min read

  International Public Partnerships : INPP – schools deals

  INPP has made a number of deals to tidy up its portfolio of Building Schools for the Future investments – adding to its investment in Kent BSF at a cost of £7.2m (taking its interest to 58% with Kent County Council owning the balance) and selling its minority interests in Hul, Leeds, Newcastle, Rochdale, Sandwell […]

• 27 Jan 2014 1 min read

  International Public Partnership : INPP – new investment in Germany

  International Public partnership is buying all but 3% of a PPP project that is building a 55,000 sqm office for the Federal German Ministry of Education & Research in Berlin (estimated completion is July 2014). The cost to INPP is €11.9m.