Frasers Group Share News (FRAS)

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%.

IN BRIEF: Frasers raises stake in online rival boohoo to 21%

boohoo 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%.

LONDON BROKER RATINGS: Exane BNP cuts BAE; Liberum lifts Naked Wines

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

LONDON MARKET CLOSE: Stocks slump as Fed rate cut hope dwindles

(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.

LONDON MARKET CLOSE: FTSE 100 closes lower as Wall Street retreats

(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.

LONDON MARKET OPEN: FTSE 100 flat; Hays, Jupiter Fund weigh on 250

(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.

FTSE 100 rebounds as Next outweighs slump in JD Sports

Next shines on profit forecast hike

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London close: Stocks rise as US jobless claims slow

(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.

LONDON MARKET CLOSE: Stocks start week higher as 2024 draws to close

(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.

LONDON MARKET CLOSE: Investors feel icy ahead of US inflation data

(Alliance News) - Stock prices in London closed slightly higher on Friday, as fears over a recession in the UK dampened the festive spirit.

Shore Capital reiterates 'buy' on Frasers after Matchesfashion purchase

(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.

London close: Stocks rise as UK inflation slows further

(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.

TOP NEWS: Frasers confirms will buy Matchesfashion for GBP52 million

(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.

UK's Frasers strengthens luxury offer with MATCHES buy

LONDON, 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).

Frasers Group strikes deal to buy Matchesfashion for £50m - report

(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.