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July 22, 2021, 6:15 a.m. EDT

Private-equity firm steals London spotlight for second day

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By Steve Goldstein

It was the second straight banner day for a private-equity firm in London, with 3i Group rising after reporting its latest results.

3i /zigman2/quotes/202254899/delayed UK:III +1.02% shares rose 4% after posting a 12.2% total return for the fiscal first-quarter ending June 30. 3i’s performance was buoyed by the European retailer Action, in which 3i holds a 53% stake, which saw a 151% rise in operating profit on a 31% increase in sales. In June, when nearly all stores were open in both 2020 and 2021, Action’s like-for-like sales rose 15%.

Bridgepoint Group extended Wednesday’s gains, when the firm surged 29% in its trading debut.

The broader FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX +0.16% wavered between gains and losses, held down by the profit warning from consumer products giant Unilever. Unilever /zigman2/quotes/205449809/delayed UK:ULVR -0.58% shares skidded 4% after warning rising costs would keep operating margins flat. Rival Reckitt Benckiser /zigman2/quotes/206856088/delayed UK:RKT -0.03% slipped 2%.

Morgan Sindall /zigman2/quotes/207608205/delayed UK:MGNS +1.59% was the star of the midcaps, with the construction and regeneration company jumping 14% after saying results would be significantly ahead of its previous expectations.

/zigman2/quotes/202254899/delayed
UK : U.K.: London
1,292.50 p
+13.00 +1.02%
Volume: 882,859
Sept. 16, 2021 4:35p
P/E Ratio
6.73
Dividend Yield
2.98%
Market Cap
£12.34 billion
Rev. per Employee
£1.02M
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,027.48
+10.99 +0.16%
Volume: 621,744
Sept. 16, 2021 4:54p
loading...
/zigman2/quotes/205449809/delayed
UK : U.K.: London
3,946.00 p
-23.00 -0.58%
Volume: 2.98M
Sept. 16, 2021 4:35p
P/E Ratio
21.69
Dividend Yield
3.78%
Market Cap
£102.52 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/206856088/delayed
UK : U.K.: London
5,893.00 p
-2.00 -0.03%
Volume: 1.19M
Sept. 16, 2021 4:35p
P/E Ratio
N/A
Dividend Yield
2.96%
Market Cap
£42.10 billion
Rev. per Employee
£353,778
loading...
/zigman2/quotes/207608205/delayed
UK : U.K.: London
2,555.00 p
+40.00 +1.59%
Volume: 54,120
Sept. 16, 2021 4:35p
P/E Ratio
15.96
Dividend Yield
2.74%
Market Cap
£1.16 billion
Rev. per Employee
£492,213
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