3i down 18% as Action disappoints, selling accelerates

3i

26/03/2026 15:49

** 3i III.L down over 18% after core asset Action misses investor expectations on margins and growth visibility

** Citi, which has buy rating, sees broadly solid trading offset by disappointing EBITDA margin and white space guidance

** Higher energy and transport costs may explain the margin miss, Citi adds, along with below trend LFL sales growth

** Sell-off amplified by positioning, with a broker saying “people are selling because other people are selling”

** The broker adds U.S. expansion adds uncertainty rather than support, with limited financial detail and acknowledgment that costs will be higher than in European rollouts

** 3i top FTSE .FTSE faller by 1536 GMT; shares down 31% YTD

(Reporting by Danilo Masoni; Editing by Amanda Cooper)

((Danilo.Masoni@tr.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net/))