3i Rises on £750m Buyback; Action Sale Fears Remain
3i Group shares jumped 5.33% to 2,193 pence Tuesday after a buyback filing, rebounding from Monday’s sharp fall. The company bought 701,317 shares for £15.04 million last week, its first move under a £750 million buyback plan. Shares remain well below last year’s high, pressured by slower sales growth at Action, which makes up about three-quarters of 3i’s portfolio.