FTSE 250 infrastructure specialist John Laing (LON:JLG) said that it still pans to invest £250 million in the current financial year, despite only managing £40 million in the first half. Management maintained that the pipeline they had described in March was still strong and said that they were currently involved in the bidding processes for 20 potential PPP and renewable energy projects.
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CEO Olivier Brousse said that: “following our rights issue in March and the sale of our interest in IEP, we have the financial flexibility to take advantage of our strong pipeline of opportunities. 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“. Shares in John Laing were up by 3.33% to 272.99p at 12:50 BST.