EUROPE - Venture capitalists 3i Group is to axe jobs across Europe, following a near quarter drop in share value, static profits and a shrinking of its investment portfolio. The brunt of losses will hit the UK.
Around 185 jobs will be affected, two-thirds of which will be in the UK. The rest will be at 3i’s European operations with Germany the biggest loser. The firm announced its interim results to Sept...
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