London, Feb 3, 2026, 08:30 GMT — Regular session.
3i Group shares slipped 0.2% to 3,326.5 pence in early Tuesday trading, bouncing between 3,310 and 3,358 pence. The stock dipped below Monday’s close of 3,333 pence and has been moving within a 52-week range of 2,957 to 4,497 pence. (Reuters Japan)
Why it matters now: Investors are gearing up for Thursday’s Bank of England announcement, with most economists surveyed by Reuters expecting the Bank Rate to hold steady at 3.75%. “This week we could, for once, have a boring Bank of England meeting,” noted Mohamad Al-Saraf, an FX and fixed income associate at Danske Bank. (Reuters)
For 3i, the policy decision is key because rate expectations influence how investors value unlisted assets and their cashflows. The FTSE 100 has helped, hitting a record close on Monday. Investors shifted into banks and defensive stocks, even as commodity-linked shares dropped. Ipek Ozkardeskaya from Swissquote Bank noted the record close signals better risk appetite despite the broader commodity selloff. (Reuters)
That calm barely held. After steep swings in metals and the dollar following Donald Trump’s pick of Kevin Warsh to head the Federal Reserve, global trade steadied on Tuesday. The volatility pushed some leveraged players out. “It will take a long time for them to rebuild a bull or bear position… so they are staying away from the market,” said Steven Leung of UOB Kay Hian. (Reuters)
3i Group, a London-listed investment firm, specializes in private equity and infrastructure. It supports mid-market buyouts and growth capital, as well as infrastructure projects. (Reuters)
With much of its portfolio unlisted, investors focus heavily on net asset value (NAV)—the value of assets minus liabilities—and whether the shares trade above or below that benchmark. According to Hargreaves Lansdown, 3i’s estimated NAV stands at 3,023 pence per share, suggesting the stock is trading at roughly a 10.9% premium. (Hargreaves Lansdown)
The central bank’s next move is set for Feb. 5, with the Bank releasing the MPC summary, minutes, and the February Monetary Policy Report. (Bank of England)
Beyond interest rates, investors have their sights set on 3i’s Action Capital Markets Seminar scheduled for March 26. The firm says this will be a webcast event. Market watchers will be keen for new insights on the retailer and its impact on portfolio returns. (3i)
Still, the situation works both ways. Should yields spike once more or consumer demand weaken, the market might reassess private asset values sharply, tightening any premium to NAV.
