Roundtable Discussion; The Future of Mineral Sands. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksASOS Share News (ASC)

Share Price Information for ASOS (ASC)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 356.00
Bid: 355.40
Ask: 356.60
Change: 6.40 (1.83%)
Spread: 1.20 (0.338%)
Open: 334.00
High: 362.00
Low: 334.00
Prev. Close: 349.60
ASC Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Mike Ashley's Frasers says Currys and Boohoo stakes are 'supportive'

Tue, 20th Jun 2023 12:49

Frasers discloses 5% stake in Boohoo

*

Disclosed 9% stake in Currys on Monday

*

Recently bought stake in AO World, raised ASOS stake

LONDON, June 20 (Reuters) - British sportswear group Frasers said its purchase of stakes in electricals retailer Currys and online fashion seller Boohoo were consistent with its strategy of building "supportive" positions in "attractive" companies.

On Monday, Frasers, formerly called Sports Direct and majority-owned by Mike Ashley, disclosed an 8.9% stake in Currys and on Tuesday it disclosed a 5.01% stake in Boohoo.

"Driving growth through strategic investments is a core part of Frasers' DNA," the group said in a statement.

"Under (CEO) Michael Murray's leadership, we continue to build on our long track record of establishing supportive shareholder positions in attractive retail companies."

Frasers said Boohoo was attractive because of its focus on young women and the potential for synergies and collaboration with Frasers' existing brands I Saw It First and Missguided.

It said the Currys investment gave it an opportunity to build on its "foothold" in the electricals industry through collaboration.

Last week, Frasers acquired a 21.3% stake in AO World , the online electricals retailer, becoming its biggest shareholder, and forged

a strategic partnership

.

Shares in Frasers were up 0.4% in early afternoon trading. Shares in Currys were up 3% and shares in Boohoo were flat.

Frasers recently raised its stake in Boohoo rival ASOS to 10.6%. It also has stakes in German fashion house Hugo Boss, British clothing retailer N Brown and luxury brand Mulberry.

Murray, Ashley's son-in-law, has been Frasers CEO since May last year. However, Ashley still owns 72% of Frasers' equity. (Reporting by James Davey; editing by Sarah Young and Ed Osmond)

More News
3 May 2024 15:24

IN BRIEF: Asos director's Camelot Capital buys GBP638,000 in shares

Asos PLC - London-based online fashion retailer - Reports that Camelot Capital Partners LLC, closely associated with Non-Executive Director William Barker, buys 181,500 shares at GBP3.51 each, worth GBP637,785, in London on Thursday. Barker is the founder and chief executive officer of Camelot, an investment management firm based in California. Camelot now holds 17.6 million shares.

Read more
19 Apr 2024 09:46

SMALL-CAP WINNERS & LOSERS: 888 revenue fall beats expectations

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Friday.

Read more
19 Apr 2024 09:26

LONDON BROKER RATINGS: Peel Hunt starts NatWest and Barclays at 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
18 Apr 2024 09:58

SMALL-CAP WINNERS & LOSERS: Asos shares in fashion; Rank backs outlook

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday.

Read more
17 Apr 2024 17:19

UK's FTSE 100 gains as miners shine

UK inflation slows less than expected to 3.2%

*

Read more
17 Apr 2024 16:34

London close: Stocks mixed as bargain hunters pick over FTSE 100

(Sharecast News) - London stocks showed a mixed performance by the close on Wednesday, with the top-flight index in the green as investors hunted for bargains after its four-week low on Tuesday.

Read more
17 Apr 2024 10:00

Berenberg lowers target price on Asos

(Sharecast News) - Over at Berenberg, analysts lowed their target price on fast fashion retailer Asos from 510.0p to 490.0p on Wednesday as it lowered its gross margin assumptions to reflect the negative impact of discounting during the first half of the fiscal year.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more
17 Apr 2024 09:14

Asos shares rise as loss narrows; names Dave Murray as new CFO

(Alliance News) - Asos PLC on Wednesday reported a revenue decline and narrower loss in its first-half, and it announced Dave Murray will be stepping into the chief financial officer role later this month.

Read more
17 Apr 2024 08:53

LONDON MARKET OPEN: Stocks mixed as UK data douses BoE cut hope

(Alliance News) - Stock prices in London opened mixed on Wednesday, with the FTSE 100 underperforming European peers, with a hotter than expected UK inflation reading lifting the pound.

Read more
17 Apr 2024 07:52

LONDON BRIEFING: Antofagasta backs outlook; Entain says "more to do"

(Alliance News) - London's FTSE 100 is called to open lower on Wednesday, after a loftier than expected UK inflation reading, and amid lingering US interest rate worries.

Read more
17 Apr 2024 07:37

Asos losses widen, sales fall in first half

(Sharecast News) - Half-year losses at UK online fast-fashion retailer Asos have widened as it continued to deal with competition from Chinese rival Shein, but said it was ahead of target on shifting the mountain of excess stock it built up during the Covid pandemic.

Read more
9 Apr 2024 11:09

Asos 'paddling upstream' as sales pressures continue, says Shore Capital

(Sharecast News) - Shore Capital has reiterated its 'sell' recommendation for fast fashion retailer Asos, saying the company is "paddling upstream" with ongoing sales pressure, high debt levels and competitive threats..

Read more
27 Mar 2024 12:02

LONDON MARKET MIDDAY: FTSE 100 underperforms ahead of US PCE data

(Alliance News) - Stock prices in London were lower at midday on Wednesday, but trade was more confident in mainland Europe, with focus turning to the release of the US Federal Reserve's preferred inflation gauge on Friday.

Read more
27 Mar 2024 10:04

SMALL-CAP WINNERS & LOSERS: CMC Markets ups outlook; Asos falls on CMA

(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Wednesday.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.