3i Group Plc (III.L) posted full-year pre-tax loss of 777 million pounds, compared with last year's 189 million pounds profit. Loss for the year attributable to equity holders of the company was 783 million pounds, as against a profit of 186 million pounds a year ago.
On a per share basis, loss for the full year to March 31, 2012 amounted to 82.8 pence, versus a 19.5 pence profit in the comparable period in 2011.
Separately, 3i Group announced the appointment of Simon Borrows as chief executive, effective May 17, 2012, succeeding Michael Queen. Borrows is currently Chief Investment Officer and has been a board member of 3i Group since he joined the company in October 2011. Prior to joining, he was Chairman of Greenhill & Co. International LLP, having previously been Co-Chief Executive of Greenhill & Co. Inc
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.