Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

3i Group boasts strong sales for portfolio discount store Action

Thu, 30th Jun 2022 09:54

(Alliance News) - 3i Group PLC on Thursday reported "very strong" sales for portfolio company Action, a Dutch discount store chain operating in nine countries within Europe.

The London-based venture capital company said Action's like-for-like sales and footfall in the year-to-date were significantly ahead of the prior year, though with a reduced basket size.

It added that Action continued to perform in line with plan, noting no issues despite global challenges in inventory and supply chains. As a result, 3i said, Action is set for another good quarter of growth.

The remainder of its private equity portfolio is resilient, 3i said, with the majority of the portfolio continuing to build on their recent growth.

Some companies in the portfolio, however, were suffering from lower customer demand and inflationary pressures. Nonetheless, 3i said it well positioned moving forward and said it was confident in delivering significant longer-term compounding returns.

Shares in 3i were down 2.3% at 1,086.50 pence on Thursday morning in London.

By Heather Rydings; heatherrydings@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

Related Shares

More News
26 Mar 2024 09:40

LONDON BROKER RATINGS: Dr Martens cut to 'sell'; BofA likes Tullow

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

25 Mar 2024 10:19

LONDON BROKER RATINGS: SocGen raises Sage; Numis cuts Virgin Money

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

21 Mar 2024 12:19

LONDON MARKET MIDDAY: Stocks boosted as BoE keeps rates unchanged

(Alliance News) - Stock prices in London were higher at midday Thursday, after the Bank of England left interest rates unchanged, in a vote which rema...

21 Mar 2024 09:25

3i hails portfolio's "good momentum" with "strong start" for Action

(Alliance News) - 3i Group PLC on Thursday said its largest investee Action is off to a "strong start" this year, and said its other portfolio compani...

16 Feb 2024 09:51

LONDON BROKER RATINGS: Barclays starts Dowlais at 'overweight'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.