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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: 881.50
Bid: 878.00
Ask: 879.00
Change: 6.50 (0.74%)
Spread: 1.00 (0.114%)
Open: 873.00
High: 889.00
Low: 859.50
Prev. Close: 875.00
FRAS Live PriceLast checked at -

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Mike Ashley's Frasers Group lifts stake in Boohoo again

Fri, 01st Sep 2023 09:08

(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.

The company - which owns House of Fraser, Sports Direct and Flannels, among others - now owns 132.2m shares in the fast-fashion retailer.

Frasers also owns stakes in AO World, Currys and Hugo Boss.

In an announcement in June, the company said: "Boohoo is an attractive proposition to us with its laser focus on young female consumers. We see potential synergies and an opportunity to strengthen our own brand proposition in collaboration with Boohoo, most obviously with Frasers Group brands I Saw It First and Missguided."

At 0935 BST, Boohoo shares were up 9.5% at 39.02p.

More News
22 May 2023 13:19

PRESS: Frasers sizing up ProBikeKit assets in deal with THG - Sky News

(Alliance News) - Sports Direct owner Frasers Group PLC is in talks to acquire the stock and intellectual property of THG PLC's ProBikeKit cycling goods unit, Sky News reported on Monday.

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17 Apr 2023 21:31

DIRECTOR DEALINGS: Frasers Founder Mike Ashley ups stake

(Alliance News) - The following is a round-up of director dealings by London-listed companies, issued on Monday and not separately reported by Alliance News:

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21 Mar 2023 08:53

IN BRIEF: Mike Ashley pledges Fraser Group shares, sells put options

Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Mike Ashley, founder and 67% shareholder, pledges 26.5 million shares, a 5.6% stake, to HSBC Private Bank as security for a derivatives trading facility. The transaction is via investment vehicle Mash Holdings Ltd, and Ashley remains the owner of the shares, with full voting rights. Mash also sells share settled put options over 1.0 million shares at a strike price of 800 pence, worth GBP8.0 million, on Friday last week and on Monday. The put options expire in September. Back in December, Ashley had sold put options and bought spread bets over Fraser shares. The earlier put options also expire in September.

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17 Mar 2023 14:39

IN BRIEF: Financial Reporting Council closes probe related to Frasers

Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - UK Financial Reporting Council closes its accountancy scheme investigation of the preparation and approval of Sports Direct International PLC for the 2016 financial year. Sports Direct International is the former name of Frasers Group, making the change late in 2019. The FRC says Sport Direct International was not the subject of its probe.

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17 Mar 2023 07:53

FRC ends probe into Sports Direct audit

(Sharecast News) - Accounting watchdog the Financial Reporting Council has wrapped up its probe into Grant Thornton's audit of sporting goods retailer Sports Direct for the year ended 24 April, 2016.

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3 Mar 2023 17:29

IN BRIEF: Frasers completes fashion brand acquisition from JD Sports

Frasers Group PLC - Shirebrook, England-based owner of the Sports Direct, Frasers and Flannels retail chains - Completes the acquisition of fashion brand Topgrade Sportswear from its founders and sportswear retailer JD Sports Fashion PLC.

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21 Feb 2023 10:25

Numis upgrades Currys, downgrades Next

(Sharecast News) - Numis upgraded Currys to 'reduce' from 'sell' and cut Next to 'hold' from 'buy' as it took a look at the UK retail sector, saying it has gone from "less bad" to "quite good" and changing its price targets on a raft of names.

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20 Feb 2023 16:52

LONDON MARKET CLOSE: Stocks marginally higher with eyes on Fed minutes

(Alliance News) - Stocks in London ended slightly higher on Monday, after a subdued day of trading in the absence of US markets, which were closed for a public holiday.

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20 Feb 2023 12:12

LONDON MARKET MIDDAY: Stocks tread water; Frasers up on share buyback

(Alliance News) - Stock prices in London were flat at midday on Monday, though the FTSE 100 kept its head above the 8,000 mark achieved for the first time only last week.

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20 Feb 2023 08:52

LONDON MARKET OPEN: Tepid start in Europe but FTSE stays above 8,000

(Alliance News) - Stocks in London were treading water in early dealings on Monday, at the start of what is expected to be a subdued day for European equities, with markets in New York closed.

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20 Feb 2023 08:35

Sports Direct-owner Frasers sets up to GBP80 million share buyback

(Alliance News) - Frasers Group PLC on Monday announced a share buyback of up to 10.0 million shares.

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20 Feb 2023 07:03

Frasers starts £80m share buyback

(Sharecast News) - Retailer Frasers Group on Monday said it was starting an £80m share buyback.

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15 Feb 2023 16:54

LONDON MARKET CLOSE: FTSE 100 breaches 8,000 point mark as pound falls

(Alliance News) - The FTSE 100 climbed past the 8,000 point mark for the first time on Wednesday, as confident afternoon trade in London defied a slow start from equities in New York.

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10 Feb 2023 09:22

LONDON MARKET OPEN: Stocks uninspired as UK avoids recession in 2022

(Alliance News) - Stock prices in London opened lower on Friday amid depressed global market sentiment, though economic data showed the UK has avoided recession for now.

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8 Feb 2023 12:14

LONDON MARKET MIDDAY: Powell offers tonic after US jobs spooked stocks

(Alliance News) - London's FTSE 100 traded not far off its best-ever level at midday on Wednesday, with equities supported by a more bullish forecast for the UK economy and Federal Reserve Chair Jerome Powell taking a softer tone than feared in a speech on Tuesday.

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