3i Group gets a boost from Action’s latest sales figures
Action’s stronger trading update lifted 3i shares this week, but heavy reliance on one retailer keeps the investment case finely balanced.
3i Group
After losing a quarter of its value, is 3i Group now the bargain?
3i Group delivered 22% returns and 19% NAV growth, yet shares fell 17% on results day after Action’s like-for-like sales growth halved.
3i Group Plunges on Action Sales Slowdown Despite £750m Buyback
Private equity firm 3i Group shares fall 20% after discount retailer Action reports dramatic sales growth slowdown to 2.4%.