Frasers Group Share News (FRAS)

UK electricals retailer AO World looks to plug into Frasers

Mike Ashley's Frasers has bought 22.2% AO stake

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UK's AO World profit rises on reduced costs, better margins

LONDON, July 5 (Reuters) - AO World, the British online electricals retailer that last month forged a strategic alliance with Mike Ashley's Frasers, said profit recovered in its 2022-23 year as it benefited from a plan to reduce costs and improve margins.

Frasers Group lifts stakes in AO World, Currys

(Sharecast News) - Mike Ashley's Frasers Group has increased its stake in electrical retailer AO World for a third time to more than 22% and also lifted its stake in rival Currys, according to stock exchange filings on Monday,

LONDON MARKET CLOSE: Stocks lower with eyes on UK inflation numbers

(Alliance News) - Stocks in London closed in the red on Tuesday, with market nerves frayed ahead of the release of key UK inflation data on Wednesday morning.

LONDON MARKET MIDDAY: FTSE 100 treads water ahead of UK inflation, BoE

(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.

UPDATE: Frasers says boohoo, Currys stake buys part of growth strategy

(Alliance News) - Frasers Group PLC on Tuesday said it its acquisition of stakes in boohoo Group PLC and Currys PLC are part of a wider strategy of taking up "supportive shareholder positions in attractive retail companies".

Frasers snaps up Currys and boohoo stakes to add to AO World and Asos

(Alliance News) - Frasers Group PLC, having already dipped into fast fashion and electrical goods with stakes in Asos PLC and AO World PLC, continued its shopping spree in recent days.

IamFire notes WeShop six-figure fundraise as site's retail ties grow

(Alliance News) - IamFire PLC on Tuesday said its primary portfolio company WeShop Holdings Ltd has completed a large fundraise, leaving it valued at about GBP130 million, alongside various operational highlights like increased downloads.

TOP NEWS: Frasers shopping spree goes on as buys boohoo, Currys stakes

(Alliance News) - Frasers Group PLC continued its streak of buying up shares in UK retail outfits, with a regulatory filing showing it has taken up a position in online fashion firm boohoo group PLC.

Frasers Group takes 8.9% stake in Currys

(Sharecast News) - Mike Ashley's Frasers Group has taken stakes in electricals retailer Currys and online fashion retailer Boohoo.

LONDON MARKET MIDDAY: Shares firm and sterling continues to ride high

(Alliance News) - Stock prices in London were higher at midday on Friday, with equity markets on the front foot at the conclusion of a week dominated by central bank decisions.

Frasers lifts AO Wold stake to 21%

(Sharecast News) - Mike Ashley's Frasers Group has lifted its stake in AO World just days after announcing a strategic tie-up with the online electrical retailer.

IN BRIEF: Frasers ups stake in AO World to 21% from 19%

Frasers Group PLC - Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains - Increases stake in AO World PLC, an online electricals retailer, to 21% on Thursday, from 19%. Frasers last week Friday bought a 19% stake, from none before.

LONDON MARKET CLOSE: Europe mixed after ECB hike and hawkish Fed

(Alliance News) - London's FTSE 100 closed higher, though equities in mainland Europe weakened, after both the Federal Reserve and European Central Bank both hinted that they are not done with rate hikes.

LONDON MARKET MIDDAY: European equities downbeat ahead of ECB decision

(Alliance News) - Stock prices in London were largely lower at midday on Thursday, as focus turned to the European Central Bank's interest rate decision due out in the early afternoon.