✉news BusinessMarkets first seen 1 d ago, last 1 d ago, peak #32
3i Group shares fall after Carrefour cuts guidance
Original: 3i Group stock tumbles on read-across from Carrefour guidance cut
Shares in 3i Group, the UK-listed private equity and investment firm, dropped sharply as investors weighed the implications of Carrefour's cut to its financial guidance. Carrefour is one of 3i's holdings through its European consumer investments, so the French retailer's weaker outlook raised concerns about the value of 3i's portfolio. Traders sold the stock on the read-across, dragging the shares lower in London trading.
Why now: Carrefour's guidance cut triggered fears about the value of 3i Group's stake in the retailer, prompting a sell-off.
Evidence
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