John Laing on track to meet full year targets

Infrastructure group John Laing is on track to achieve its full year targets.

In a pre-close update for the year to the end of December, the company reported total investment commitments to date of £170m, at the upper end of the £150m to £175m range announced at the interims.

Realisations to date were £86m, compared with a full year target of around £100m.

Chief executive Olivier Brousse said: “During 2015, we have worked hard with key partners to take advantage of the many opportunities in new infrastructure projects in our core markets around the world and we are confident in our future prospects."

John Laing said it remains well positioned in a growing market for new infrastructure driven by population growth urbanisation and climate change.

At 0927 GMT, shares were 0.5% higher at 203.50p.