Frasers Group takes 18.9% stake in AO World for £75m
(Sharecast News) - Mike Ashley's Frasers Group has said it had taken an 18.9% stake in online electrical retailer AO World for £75m.
Read more(Sharecast News) - Mike Ashley's Frasers Group has said it had taken an 18.9% stake in online electrical retailer AO World for £75m.
Read more(Sharecast News) - Mike Ashley's Frasers Group has lifted its stake in online fashion retailer Asos again.
Read more(Sharecast News) - Frasers Group was once again on both sides of the ledger on Thursday, after Mike Ashley exercised and settled a number of put options, and purchased further derivatives.
Read more(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and Thursday and not separately reported by Alliance News:
Read moreFrasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Put options sold by Founder Mike Ashley over 250,000 shares that were set to expire in September are exercised at GBP9.00 per share, worth GBP2.3 million. Ashley settles the exercise through the purchase of a spread bet equivalent to 250,000 shares at GBP9.01, also worth GBP2.3 million. Ashley also buys a spread bet equivalent to 100,000 shares at GBP7.18, worth GBP717,645. All three transactions are on Tuesday. Ashley has a 71% voting interest in Frasers.
Read more(Sharecast News) - Frasers Group found itself on both sides of the ledger on Wednesday, after Mike Ashley settled a quarter-million share put option transaction.
Read more(Sharecast News) - Mike Ashley's Frasers Group is reportedly in advanced talks to buy cycling goods specialist ProBikeKit from THG.
Read more(Alliance News) - Sports Direct owner Frasers Group PLC is in talks to acquire the stock and intellectual property of THG PLC's ProBikeKit cycling goods unit, Sky News reported on Monday.
Read more(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Monday and not separately reported by Alliance News:
Read moreFrasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Mike Ashley, founder and 67% shareholder, pledges 26.5 million shares, a 5.6% stake, to HSBC Private Bank as security for a derivatives trading facility. The transaction is via investment vehicle Mash Holdings Ltd, and Ashley remains the owner of the shares, with full voting rights. Mash also sells share settled put options over 1.0 million shares at a strike price of 800 pence, worth GBP8.0 million, on Friday last week and on Monday. The put options expire in September. Back in December, Ashley had sold put options and bought spread bets over Fraser shares. The earlier put options also expire in September.
Read moreFrasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - UK Financial Reporting Council closes its accountancy scheme investigation of the preparation and approval of Sports Direct International PLC for the 2016 financial year. Sports Direct International is the former name of Frasers Group, making the change late in 2019. The FRC says Sport Direct International was not the subject of its probe.
Read more(Sharecast News) - Accounting watchdog the Financial Reporting Council has wrapped up its probe into Grant Thornton's audit of sporting goods retailer Sports Direct for the year ended 24 April, 2016.
Read moreFrasers Group PLC - Shirebrook, England-based owner of the Sports Direct, Frasers and Flannels retail chains - Completes the acquisition of fashion brand Topgrade Sportswear from its founders and sportswear retailer JD Sports Fashion PLC.
Read more(Sharecast News) - Numis upgraded Currys to 'reduce' from 'sell' and cut Next to 'hold' from 'buy' as it took a look at the UK retail sector, saying it has gone from "less bad" to "quite good" and changing its price targets on a raft of names.
Read more(Alliance News) - Stocks in London ended slightly higher on Monday, after a subdued day of trading in the absence of US markets, which were closed for a public holiday.
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