Frasers lifts stake in Boohoo to over 20%
(Sharecast News) - Mike Ashley's Frasers Group lifted its stake in Boohoo again on Thursday, to more than 20%.
Read more(Sharecast News) - Mike Ashley's Frasers Group lifted its stake in Boohoo again on Thursday, to more than 20%.
Read moreboohoo Group PLC - Manchester-based online fashion retailer - Frasers Group PLC raises its share holding in boohoo to 21.5% as of Wednesday from 17.2%. Frasers is the Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains. Its holding in its smaller peer first passed the disclosure threshold of 5% in June last year, and it has increased this steadily since. Frasers, founded and still controlled by Mike Ashley, also has stakes in retailers AO World PLC at 23.1%, Asos PLC at 25.0%, and Currys PLC at 11.2%.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more(Alliance News) - European equities slumped on Wednesday, as interest rate expectations, on both sides of the Atlantic, were re-assessed on the back of some hawkish rhetoric and hotter inflation data.
Read more(Alliance News) - The FTSE 100 in London closed in the red on Tuesday, after Wall Street's tech rally lost steam, with investors nervously awaiting this week's US inflation print.
Read more(Alliance News) - Stock prices in London opened lower on Tuesday, as optimism following a tech rally on Wall Street failed to offset some downbeat UK data.
Read moreNext shines on profit forecast hike
*Read more(Sharecast News) - London markets showed mixed performance on Thursday as investors digested the latest UK services and mortgage data and a fall in jobless claims across the pond.
Read more(Alliance News) - Equities in London kicked off an abbreviated trading week with gains on Wednesday, on continued US interest rate optimism at the end of 2024.
Read more(Alliance News) - Stock prices in London closed slightly higher on Friday, as fears over a recession in the UK dampened the festive spirit.
Read more(Sharecast News) - Shore Capital has reiterated its 'buy' recommendation on Frasers Group after the retail conglomerate purchased loss-making fast fashion group Matches this week.
Read more(Sharecast News) - London's stock markets saw a notable upswing on Wednesday, driven by encouraging data revealing a greater-than-anticipated slowdown in UK inflation for November.
Read more(Alliance News) - Frasers Group PLC on Wednesday confirmed reports from Sky News that it will buy Matchesfashion, a luxury clothing retailer, from its private equity owner since 2017, Apax Partners.
Read moreLONDON, Dec 20 (Reuters) - Frasers, the British sportswear and apparel retailer controlled by Mike Ashley, has bolstered its presence in the luxury space by buying loss-making online player MATCHES from Apax Partners, paying about 52 million pounds ($66 million).
Read more(Sharecast News) - Mike Ashley's Frasers Group said on Wednesday that it has bought loss-making luxury clothing site Matchesfashion from Apax Partners for around £52m in cash.
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