IN BRIEF: 3i says Action set for profit growth amid new store openings

Related news

3i Group PLC - London-based private equity investor - 3i provides a trading update as it holds its annual general meeting on Thursday. 3i’s most significant holding is Action. Its 65% stake in the Dutch discount store chain represents 75% of its net asset value. 3i Chief Executive Simon Borrows says Action’s like-for-like sales growth so far in 2026 has been 3.3%. Adding to this like-for-like growth are 105 new store openings, on track for the retailer’s plans for 2026. ‘Action is set for a good quarter of profit growth,’ Borrows says. It has €699 million in cash after paying €450 million in dividends to shareholders in May. The CEO says the remainder of 3i’s private equity portfolio ‘continues to demonstrate good momentum in line with our expectations’.

Current stock price: 2,492.00 pence, up 9.6% in London on Thursday

12-month change: down 37%

Copyright 2026 Alliance News Ltd. All Rights Reserved.

Trading statements

Ways to help you invest your money

Our investment accounts

Put your money to work with our range of investment accounts. Choose from ISAs, pensions, and more.

Need some investment ideas?

Let us give you a hand choosing investments. From managed funds to favourite picks, we’re here to help.

Read our expert tips and insights

Our investment experts share their knowledge on how to keep your money working hard across the markets.