John Laing has posted a half-year loss and announced that it is unlikely to meet its £1bn investment target.
The infrastructure investor, which has £1.6bn invested globally, had committed to investing a further £1bn between 2019 ans 2021.
The target has now been dropped after John Laing was only able to make £2m of commitments in the six months to the end of June as public procurement processes were stalled by the Covid-19 pandemic.
The group has swung to a pre-tax loss of £95m from a £35m profit a year earlier.
