Updates from BG Group and JLIF

All markets slipped on Friday. The FTSE 100 lost almost 40 points, drifting lower to 6,489. The biggest loser was Aberdeen Asset Management, down -3.31%, while the largest gainer was Hargreaves Lansdown, up +3.85%.

Overnight, anxiety on the Cyprus bail-out deal hit markets hard, with the Nikkei down -2.71% and the Hang Seng down -2.25%.

A quiet day for corporate numbers. Gas player BG Group claims it has completed its appraisal programme in the Jodari field of Block 1 offshore Tanzania. A drill stem test on the natural gas discovery well confirms, says BG, "the excellent quality of the Tertiary reservoir".

"The results showed better than expected reservoir properties, including high connectivity and demonstrated that development wells could produce at higher rates," said the company.

In February BG saw HSBC re-issue its overweight rating on the stock. Its CFO, Fabio Barbosa, recently took a reduced role at the company following health concerns.

Next, an interim from Berkeley Group. It claims "a strong land bank in place" and that it will meet expectations for the year ending 30 April - plus its long term plan to return £13 per share to shareholders, worth around £568m, by September 2015.

Berkeley says it has secured eight planning consents since the Half Year including recent resolutions to grant planning on two London schemes, at Hampton House on Albert Embankment and Sovereign Court in Hammersmith, plus three new sites at Finchley, Mill Hill and Maidenhead.

"These acquisitions, together with our continued drive to add value through optimisation which is expected to maintain the momentum reported in the first half, give the Board confidence towards achieving its target of 10% growth in the land bank."

Lastly, full year results from the John Laing Infrastructure Fund (JLIF). Overall portfolio value has increased 41.3% to £537.4 million including acquisitions and investments it claims with underlying growth in portfolio value of 8.5% - ahead of expectations it says; its NAV is upped 22.8% to £542.4 million.

The increased dividend of 3.125p (up 4.2%) sees 6.125p for the full year. There's profit after tax of £32.5 million on an investment basis.

"Today's announcement," says the company, "reflects the continued success of the JLIF model, delivering another robust performance. The increase in dividend per share demonstrates the Board's on-going confidence in the stability of future cash flows."