UBS spots recovery in 3i’s French company sales, shares jump
15/01/2026 14:21
** 3i Group III.L up over 7% helped by UBS data pointing to a pick up in sales in France at the group's discount retailer Action, 3i's largest portfolio company ** UBS says weakness in France was largely behind 3i's disappointing H1 update in November, which hit its stock and raised concerns the slowdown might persist ** "Our latest ... monitor suggest a strong MoM pick up in France credit card sales for Action in December 2025 and that France YoY comps will get easier," says Haley Tam at UBS ** 3i reports earnings on Jan 29. Shares on track for their biggest daily surge since April 2025 but still down around 20% since November's disappointing update (Reporting by Danilo Masoni. Editing by Joice Alves) ((Danilo.Masoni@TR.com; Reuters Messaging: danilo.masoni.thomsonreuters.com@reuters.net))