3i gains in London as buyback and Action NAV gap remain in focus
3i Group rose 1.1% to 2,311p in London after buying back 7.88 million shares for £174.2 million as part of its £750 million program. The stock trades at a 24% discount to NAV, with Action still driving most profits despite slowing sales growth. The next ex-dividend date is June 18. Investors await the Q1 update on July 23.