• RBC keeps underperform on 3i Group (III) with £20 target. Action (65.4% stake) drove reported gains. Warns near-term pressure from weak European discounters. Shares ~£27.24, down ~16.5% YTD.
  • 3i Group plc reported having spent approximately £344 million of its £750 million share buyback programme, with gross cash of £724 million and gearing of 2% for the referenced period.