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3i Shares tumble after Action warning

privateequitywire

2 months ago

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3i Group Plc fell sharply after the firm warned its flagship investment, discount retailer Action, is experiencing slowing sales amid weaker consumer demand, with geopolitical disruption linked to the Middle East adding further pressure to trading conditions, account to a report by Bloomberg.
The firm said that “continued consumer caution” in France and reduced footfall in Germany followed the deterioration in the situation in the Middle East at the end of March, contributing to flat like-for-li...

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