focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picks3i Group Share News (III)

Share Price Information for 3i Group (III)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 2,960.00
Bid: 2,972.00
Ask: 2,974.00
Change: -17.00 (-0.57%)
Spread: 2.00 (0.067%)
Open: 2,963.00
High: 2,992.00
Low: 2,960.00
Prev. Close: 2,977.00
III Live PriceLast checked at -
3i Group is an Investment Trust

To provide its shareholders with quoted access to private equity and infrastructure returns, its main focus is on making quoted and unquoted equity and/ or debt investments in businesses and funds in Europe, Asia and the Americas.

Find out More

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Thu, 21st Mar 2024 09:25

(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 companies are showing "overall resilience".

The London-based private equity and venture capital investor released the comments ahead of a capital markets seminar set for later on Thursday morning.

It said this will include a presentation on results and strategy from the management team of Action, a Dutch non-food discount retailer in which 3i Group owns an approximate 55% stake.

3i said Action "has seen a strong start to 2024 across all its geographies". Over the first 11 weeks of the year, it said Action's net sales totalled EUR2.5 billion, up 21% on the same period in 2023. Like for like sales growth was 9.6%.

Action had cash and equivalents totalling EUR1.08 billion at March 17, slightly down from EUR1.09 billion at December 31. 3i added that Action, having paid an interim dividend in December, plans to make another dividend payment in the last week of March.

3i also said it will publish its full-year results in May, and that it has recently completed semi-annual review meetings with its portfolio companies.

"The rest of the 3i portfolio continues to demonstrate overall resilience with the majority of companies showing good momentum into 2024," the company commented.

3i Group shares were up 3.8% at 2,625.00 pence on Thursday morning in London.

By Emma Curzon, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
21 May 2024 18:35

Big city malls the future for Klepierre in battle with online

May 21 (Reuters) - Mall operator Klepierre is focusing on Europe's most dynamic and affluent big cities and offering experiences beyond shopping to compete with fast-growing online retailers, its chairman Jean-Marc Jestin told Reuters on Tuesday.

Read more
20 May 2024 09:47

LONDON BROKER RATINGS: Deutsche likes Trainline and Baltic Classifieds

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

Read more
10 May 2024 09:52

LONDON BROKER RATINGS: UBS raises Trainline, cuts Kingspan

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

Read more
10 May 2024 07:56

LONDON BRIEFING: FTSE 100 called up on BoE hold and UK economic growth

(Alliance News) - Stocks in London are set to open up on Friday after a dovish Bank of England interest rates hold on Thursday.

Read more
9 May 2024 17:33

London's FTSE 100 hits record for fourth session after BoE signals rate cuts

FTSE 100 up 0.3%, FTSE 250 adds 0.2%

*

Read more
9 May 2024 15:21

London close: Stocks manage gains as BoE holds rates

(Sharecast News) - London markets closed on a positive note on Thursday, bolstered by the Bank of England's decision to maintain interest rates, in line with market expectations.

Read more
9 May 2024 10:00

TOP NEWS: 3i NAV increase driven by compelling growth story at Action

(Alliance News) - 3i Group PLC on Thursday boosted its dividend, despite a drop in profits, after an "excellent" performance from retailer Action.

Read more
9 May 2024 09:11

LONDON MARKET OPEN: Stocks muted pre-BoE interest rate decision

(Alliance News) - Stock prices in London opened muted on Thursday, ahead of the latest interest rate decision from the Bank of England.

Read more
9 May 2024 08:00

LONDON BRIEFING: Stocks called up ahead of BoE interest rate decision

(Alliance News) - Stocks in London are set to open up on Thursday, ahead of the latest interest rate decision from the Bank of England.

Read more
9 May 2024 07:22

3i Group reports 'strong' results in challenging year

(Sharecast News) - 3i Group reported a 'strong' set of results in what it described as a challenging year on Thursday, with a total return of £3.84bn, representing a 23% return on opening shareholders' funds.

Read more
8 May 2024 14:35

Thursday preview: Bank of England, China trade data in the spotlight

(Sharecast News) - The Bank of England's latest policy decision will be front and centre on Thursday with quite a few economists - albeit not all - increasingly anticipating interest rate cuts sooner rather than later.

Read more
8 May 2024 09:39

LONDON BROKER RATINGS: UBS raises Centrica to 'buy' from 'neutral

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

Read more
3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

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

Read more
2 May 2024 09:48

LONDON BROKER RATINGS: Deutsche Bank likes TP ICAP but says sell CMC

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

Read more
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:

Read more

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.