Frasers Group Share News (FRAS)

Frasers tries to drag Morgan Stanley boss into margin call legal fight

(Sharecast News) - Mike Ashley's Frasers Group on Friday confirmed it had asked a New York court to order Morgan Stanley chief executive James Gorman to hand over evidence for a UK lawsuit against the bank over an almost $1bn margin call covering trades in Hugo Boss.

Frasers seeks GBP50 million damages from Morgan Stanley over dispute

(Alliance News) - Frasers Group PLC on Thursday said it was seeking damages of GBP50 million from Morgan Stanley in a dispute over a margin call covering trades in Hugo Boss AG.

IN BRIEF: Frasers launches up to GBP80 million share buyback

Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Starts share buyback on Thursday. Frasers will spend up to GBP80.0 million to buy back up to 10.0 million shares. It has a market capitalisation of GBP3.65 billion. The shares will be held in treasury prior to cancellation to reduce the capital of the company. The buyback will be completed prior to the close period for the company's results for the half-year ending October 29. Frasers doesn't say who will conduct the buyback, but Barclays Bank PLC, Liberum and Numis are listed in its announcement on Thursday. The buyback cannot exceed 25% of average daily trading volume on any one day.

DIRECTOR DEALINGS: Ashley sells put options for million Frasers shares

(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced this week and not separately reported by Alliance News:

Missguided sale could be huge for Frasers Group, says Shore Capital

(Sharecast News) - A deal to sell online retailer Missguided to Chinese fast fashion giant Shein could present more opportunities for owner Frasers Group than just an asset disposal, according to broker Shore Capital.

LONDON BRIEFING: Phoenix Group hails "impressive" first-half

(Alliance News) - Stocks in London are called lower on Monday, as investors focus on the week's upcoming central bank decisions.

PRESS: Frasers in talks to sell Missguided to China's Shein - Sky News

(Alliance News) - Frasers Group PLC is in negotiations to sell its online clothing brand Missguided, to Chinese firm Shein, Sky News reported on Saturday.

UK shareholder meetings calendar - next 7 days

Frasers Group lifts stake in Asos

(Sharecast News) - Mike Ashley's Frasers Group upped its stake in online fashion retailer Asos on Friday.

Mike Ashley's Frasers Group lifts stake in Boohoo again

(Sharecast News) - Mike Ashley's Frasers Group lifted its stake in Boohoo again on Friday, from 9.1% to 10.4%, having upped it from 7.8% a day earlier.

Miners drag FTSE 100 lower to snap 6-day winning streak

Glencore among top losers on FTSE 100

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LONDON MARKET CLOSE: FTSE 100 down amid stubborn US inflation

(Alliance News) - Stock prices in London closed mixed on Thursday, after news that a key US inflation reading came in in line with market expectations.

Revolution Beauty hires new CEO after boohoo spat; annual loss narrows

(Alliance News) - Revolution Beauty Group PLC on Thursday said its loss narrowed and revenue improved slightly during its latest financial year, and it has hired a former Walgreens Boots executive to takeover as CEO.

Frasers Group ups stake in Boohoo

(Sharecast News) - Mike Ashley's Frasers Group lifted its stake in Boohoo on Thursday to 9.1% from 7.8%.

Mike Ashley's Frasers raises stake in Boohoo to 9.1%

LONDON, Aug 31 (Reuters) - British sportswear group Frasers raised its stake in online fashion seller Boohoo to 9.1% from 7.8%, a regulatory filing showed on Thursday.