The retirement of 3i's chief executive at 50 and the raising of its three billion euro takeover fund seems to be driving trading on the London Stock Exchange this morning.
3i announced its results this morning to reveal chief executive officer Brian Larcombe will finally step down from Europe's largest publicly traded private equity firm, after holding the post since 1997. This has boosted the FTSE 100 by 27.8 points or 0.65% to 4,337.2. Royal Dutch/Shell Group is also reported to be signing a $200m deal with Libya to explore for gas off the coast, boosting the share price of Shell Transport of Trading, boosting its share value by a modest 3p or 0.84% to 358.25p. Anglo American has also seen its share price rise 26p or 2.11% to £12.56 while BHP Billi...
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