25th Jun 2026 10:54
3i Group PLC - London-based private equity investor - 3i provides a trading update as it holds its annual general meeting on Thursday. 3i's most significant holding is Action. Its 65% stake in the Dutch discount store chain represents 75% of its net asset value. 3i Chief Executive Simon Borrows says Action's like-for-like sales growth so far in 2026 has been 3.3%. Adding to this like-for-like growth are 105 new store openings, on track for the retailer's plans for 2026. "Action is set for a good quarter of profit growth," Borrows says. It has EUR699 million in cash after paying EUR450 million in dividends to shareholders in May. The CEO says the remainder of 3i's private equity portfolio "continues to demonstrate good momentum in line with our expectations".
Current stock price: 2,492.00 pence, up 9.6% in London on Thursday
12-month change: down 37%
By Tom Waite, Alliance News editor
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