UK's 3i Group surges after portfolio co Action surges on sales growth, upbeat outlook
Today 08:38
BUZZ-UK's 3i Group surges after portfolio co Action surges on sales growth, upbeat outlook ** Shares of private equity group 3i Group III.L up ~10% at 2,498p
** Co says its portfolio co Action's like-for-like sales growth was 3.3% year-to-date, as of 25 weeks ended June 21
** Adds, the discount retailer's 105 new store openings are on track with 2026 expansion plans and says it is set for a good quarter of profit growth
** 3i's shares are down 23.4% YTD
(Reporting by Judes Joseph in Bengaluru)
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