Frasers Group Share News (FRAS)

Ashley sells put options on Frasers stock

(Sharecast News) - Mike Ashley has sold put options on more than 200,000 Frasers Group shares.

IN BRIEF: Mike Ashley buys spread bet on Frasers and sells put option

Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Founder Mike Ashley buys a spread bet on 100,000 shares at 815.23 pence per share, worth GBP815,233, and sells a put option over 300,000 shares at strike price of 900p, worth GBP2.7 million. The put option, which gives Ashley the right to sell Frasers shares at that price, expires in September of next year. Frasers provides no reason for the transactions. Back in May, Ashley stepped down as chief executive officer of the company he founded in 1982, replaced by his son-in-law Michael Murray. In October, Ashley stepped down from the board as well, though he remains a company adviser.

LONDON MARKET CLOSE: FTSE 100 lower as eyes turn to central banks

(Alliance News) - Stock prices in London closed lower on Thursday, with markets in wait-and-see mode as investor focus became increasingly fixed on next week's central bank meetings.

LONDON MARKET MIDDAY: FTSE 100 miners rise as China lifts Covid rules

(Alliance News) - Stock prices in Europe were looking for direction at midday on Thursday, while mining stocks in London made gains as China eased its Covid curbs.

TOP NEWS: Frasers interim revenue grows from acquisitions

(Alliance News) - Frasers Group PLC on Thursday said revenue rose 13% to GBP2.64 billion in the six months that ended October 23 from GBP2.34 billion a year prior, largely due to acquisitions.

LONDON MARKET OPEN: Stocks shaky as recession fears deepen

(Alliance News) - Stock prices in London made little progress on Thursday morning, amid fears for the global economy and despite a slew of local corporate updates.

LONDON BRIEFING: DS Smith upgrades guidance as interim profit up 82%

(Alliance News) - Stocks in London are set to open slightly higher on Thursday, as the focus shifts to next week's central bank decisions.

Frasers Group sales, profits boosted by acquisitions

(Sharecast News) - Frasers Group reported a 12.7% improvement in revenue in its first half on Thursday, to £2.64bn, largely due to acquisitions.

UK earnings, trading statements calendar - next 7 days

TOP NEWS: Next rescues Joules by taking majority stake, keeping staff

(Alliance News) - Next PLC on Thursday said it is buying a majority stake in fellow retailer Joules Group PLC, which last week Friday said it was preparing to be wound up.

Frasers Group acquires Savile Row menswear business Gieves & Hawkes

(Sharecast News) - Retail giant Frasers Group has acquired Savile Row menswear company Gieves & Hawkes as part of an effort to secure "a long-term future" for the brand.

LONDON MARKET CLOSE: FTSE 100 gains capped by falling oil prices

(Alliance News) - Stock prices in London closed higher on Friday, but falling prices hit oil majors, keeping a lid on the FTSE 100's progress.

LONDON MARKET CLOSE: Retailers on back foot as UK inflation tops 11%

(Alliance News) - Stock prices in London closed lower on Wednesday in a day of risk aversion for global markets, with inflationary and geopolitics fears rife.

Frasers looks to acquire Savile Row tailor Gieves & Hawkes

(Sharecast News) - Retailer Frasers Group was said to be close to striking a deal to acquire Savile Row tailor Gieves & Hawkes after its Hong Kong-based owner collapsed into liquidation.

Frasers Group kicks off £70m share buyback

(Sharecast News) - House of Fraser and Sports Direct owner Frasers Group said on Monday that it has kicked off a share buyback programme of up to 10m ordinary shares.