Infrastructure investment manager John Laing (LON:JLG) maintained its full-year outlook on investment commitments on Friday, sending shares up over 2 percent in early trading.
The group said their commitments would be weighted toward the second half of the year, but that it continued to expect them to total £250 million for the full-year 2018.
Total investment commitments of £40 million had been received in 2018 to date.
Earlier this year, the group has sold its remaining 15 percent shareholding in Phase 1 of IEP, the initiative to replace tired trains on the UK’s East Coast Main Line and Great Western Main Line, for £232 million.
“Following our rights issue in March and the sale of our interest in IEP (Phase 1), we have the financial flexibility to take advantage of our strong pipeline of opportunities,” said Olivier Brousse, John Laing’s Chief Executive Officer.
“Our focus is to continue to grow in a managed way by ensuring we select the projects with the best risk-adjusted returns and that we work with the best partners,” he said.
Shares in John Laing Group are currently trading up 0.98 percent at 266.80 (0828GMT).
