Plus   Neg

John Laing Group Sees FY Adj. Net Asset Value Marginally Below Market View

John Laing Group plc. (JLG.L) said that it expects Net Asset Value for the full year, before impact of foreign exchange, to be marginally below market expectations.

In its pre-close update for the year ending 31 December 2019 ahead of the Group's results on 3 March 2020, the company said the translational effect of Sterling strengthening from 1 July 2019 to 30 November 2019 has negatively impacted the value of the portfolio by 50 million pounds.

The company said it is on track to reach three-year investment and realisation target of 1 billion pounds by 2021.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Tesla said it will produce ventilators at its Gigafactory in Buffalo, New York to support the city's hospitals amid the coronavirus pandemic. New York is the worst affected state in the U.S. Last Saturday, Musk tweeted that he "had a long engineering discussion with Medtronic about state-of-the-art ventilators. Luxury fashion house Ralph Lauren will donate $10 million to help fight the coronavirus pandemic and manufacture face masks as well as medical gowns in the U.S. The company's charity arm, the Ralph Lauren Corporate Foundation, said in a statement that it is committing $10 million towards the global response to the COVID-19 pandemic. General Motors Co. is delaying work on new vehicle models and is cutting pay for its executives as part of efforts to conserve cash amid the coronavirus or Covid-19 pandemic. The automotive giant also extended the shutdown of North American plants indefinitely. Multiple reports cited an internal memo that salaried workforce will have 20 percent of pay deferred starting April 1.
Follow RTT