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Pin to quick picksFrasers Group Share News (FRAS)

Share Price Information for Frasers Group (FRAS)

London Stock Exchange
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Share Price: 807.50
Bid: 807.50
Ask: 808.50
Change: 2.50 (0.31%)
Spread: 1.00 (0.124%)
Open: 807.50
High: 808.00
Low: 802.50
Prev. Close: 805.00
FRAS Live PriceLast checked at -

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Mike Ashley's Frasers Group sells entire French Connection stake

Mon, 08th Feb 2021 10:18

(Sharecast News) - Mike Ashley's Frasers Group has sold its stake in fashion retailer French Connection.
According to a regulatory filing on Monday, Frasers Group - formerly Sports Direct - sold its entire 24.93% stake in French Connection on Thursday, a day before the retailer said it was in talks with two potential suitors.

Responding to a jump in its share price on Thursday, the company said it had received an approach from Spotlight in conjunction with Gordon Brothers International, and Go Global Retail in conjunction with HMJ International Services.

Discussions with both parties are still "at a very early stage", it said in the brief statement last week, adding that there can no certainty that an offer will be made, nor as to the terms on which any offer might be made. However, it did say any offer was likely to be in cash.

At 1100 GMT, French Connection shares were up 16% at 29.80p, while Frasers shares were down 4.4% at 456.40p.

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7 Dec 2023 07:04

Frasers profits jump 8% on strong international retail sales

(Sharecast News) - Sports Direct owner Frasers Group posted an 8% rise in interim profits, driven by a strong jump in sales at its international division.

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Frasers takes Boohoo stake to over 17pc

(Sharecast News) - Mike Ashley's Frasers Group has increased its stake in the online fast fashion retailer Boohoo Group, it announced on Monday.

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30 Nov 2023 17:46

IN BRIEF: Frasers withdraws from deal to acquire insolvent SportScheck

Frasers Group PLC - Shirebrook, England-based owner of Sports Direct, Frasers and Flannels retail chains - Withdraws from agreement to acquired SportScheck GmbH from Signa Retail Department Store Holding GmbH, as announced last month, as SportScheck has filed for insolvency. The deal was subject to merger control clearance before Frasers pulled out. Says: "While Frasers is disappointed by the insolvency of SportScheck, it continues to believe that SportScheck is an attractive asset in one of Europe's most important markets for sports and it intends to work with the appointed preliminary insolvency administrator of SportScheck with a view to acquiring the SportScheck business/assets out of administration. Frasers remains committed to our ambition to become the leading sports retailer in [Europe, the Middle East & Africa]."

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30 Nov 2023 15:56

Frasers backs out of takeover after SportsCheck files for bankruptcy

(Sharecast News) - Mike Ashley's Frasers Group said on Thursday that it has backed out of plans to buy SportsCheck after the German sports retailer filed for insolvency.

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30 Nov 2023 15:29

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28 Nov 2023 15:30

London close: Stocks slip after mountain of broker notes

(Sharecast News) - London's stock markets finished in the red on Tuesday as investors deliberated over the latest shop price data, as well as a deluge of broker notes.

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28 Nov 2023 09:55

Frasers Group 'poised for European expansion', says Barclays

(Sharecast News) - Barclays initiated coverage of Frasers Group on Tuesday with an 'overweight' rating and 1,060p price target, as it said the company was "poised for European expansion".

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LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

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LONDON MARKET CLOSE: Pound jumps above USD1.26 mark on Black Friday

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7 Nov 2023 09:56

Frasers kicks off £80m share buyback

(Sharecast News) - Retail company Frasers Group announced on Tuesday that it has initiated a non-discretionary share buyback programme with Barclays Bank's investment bank division.

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7 Nov 2023 09:08

Frasers launches GBP80 million share buyback programme

(Alliance News) - Frasers Group PLC on Tuesday launched a buyback of up to GBP80.0 million worth of its shares.

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