Advertisement
UK markets open in 3 hours 38 minutes

  • NIKKEI 225

    38,329.39
    +777.23 (+2.07%)
     

  • HANG SENG

    17,089.39
    +260.46 (+1.55%)
     

  • CRUDE OIL

    83.37
    +0.01 (+0.01%)
     

  • GOLD FUTURES

    2,335.60
    -6.50 (-0.28%)
     

  • DOW

    38,503.69
    +263.71 (+0.69%)
     

  • Bitcoin GBP

    53,476.40
    -145.72 (-0.27%)
     

  • CMC Crypto 200

    1,434.72
    +19.96 (+1.41%)
     

  • NASDAQ Composite

    15,696.64
    +245.33 (+1.59%)
     

  • UK FTSE All Share

    4,378.75
    +16.15 (+0.37%)
     
Money:

What is the true cost of the UK state pension?

To get a sense of the true value of the state pension, you can look at how much you would need to save to match it yourself

Retailer Action reports 25 pct jump in underlying 2017 profit

Reuters - UK Focus

AMSTERDAM, March 9 (Reuters) - Discount variety store operator Action Holding BV on Friday reported a 25 percent rise in 2017 core profit, helped by expansion in Germany and France.

Earnings before interest, tax, depreciation, amortisation and non-recurring items rose to 387 million euros ($476 million), said the retailer, which opened 243 stores last year.

Sales rose by 28 percent to 3.42 billion euros, said Action, which also operates in the Benelux countries, Austria and most recently, in Poland.

Action is owned by Britain's 3i Group Plc, which in November said it had no immediate plan to sell or seek a stock market listing for the company, rebutting market speculation.

ADVERTISEMENT

Separately, 3i on Friday said it has completed a 2.41 billion euro refinancing of Action and that Action would pay it a dividend of 341 million euros by March 31.

Action is based in Zwaagdijk-Oost, 50 km north of Amsterdam.

($1 = 0.8130 euros) (Reporting by Toby Sterling; editing by Jason Neely)