FTSE 100 closes higher as hopes grow for US, China trade talks
FTSE 100 closed ahead as the new trading week began, but off the 7,600 level, adding over 32 points to 7,591
Company
Frasers Group PLC
LON:SPD
Frasers Group plc, formerly Sports Direct International plc, is a British retailing group. Established in 1982 by Mike Ashley, the company is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide.
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Debenhams looking to cut up to 200 more jobs in latest phase of struggling chain’s restructuring plans
The FTSE 250-listed firm has seen its shares jump over the past week since Mike Ashley’s Sports Direct International PLC – which owns a 30% stake in Debenhams – acquired rival House of Fraser out of administration
House of Fraser website remains offline having cancelled all online orders due to warehouse dispute
The department stores group took down its website on Wednesday after its warehouse operator, XPO Logistics, “paused” processing orders because of a dispute over payment
Sports Direct boss vows to keep bulk of House of Fraser stores open; Debenhams speculation continues
The Sun newspaper said Mike Ashley has promised to keep 80% of the chain's stores open and has appointed property experts from CBRE to advise him in negotiations with landlords
Mike Ashley’s end-game uncertain after Sports Direct’s £90mln acquisition of House of Fraser
Newspaper reports at the weekend speculated that Ashley will undertake a massive overhaul of HoF and then use his stake to push for an equally radical restructuring of Debenhams
Harrods of the High Street: Ashley's ambition as Sports Direct grabs House of Fraser for £90mln
Sports Direct chief executive Mike Ashley commented: “We will do our best to keep as many stores open as possible ... My ambition is to transform House of Fraser into the Harrods of the High Street"
House of Fraser could appoint administrators as soon as Friday following days of talks over a rescue deal: media report
Sky News reported that bidders for the troubled retailer - including Sport Direct boss Mike Ashley and Edinburgh Woollen Mill Group owner Philip Day - were asked to submit "best and final offers" before lunchtime on Thursday
House of Fraser settles with landlords who had opposed its crucial restructuring plan
House of Fraser said in a statement that it had settled the litigation to remove any risk to the discussions with investors that the company was trying to conclude
Billionaire Philip Day in early stages of potential bid for House of Fraser to save it from collapse: Sky News
House of Fraser revealed on Wednesday that it is looking at other options to obtain investment after China’s C.banner cancelled a planned fundraising for its deal to become its majority shareholder
Sports Direct founder Mike Ashley has discussed new investment deal for House of Fraser: Media reports
Ashley, who already owns an 11% stake in the struggling department store, is said to have been asked to consider providing it with a £50mln. according to Sky News
Sports Direct's Mike Ashley denies having influence over strategic investment firms
“I do not believe that we have significant influence over these companies," said Mike Ashley
Sports Direct strategy needs rethink after Debenhams stake dents profits, analysts suggest
Sports Direct's slump in profits suggests it should “stick to its core skills rather than engaging in speculative investments in the retail sector," said AJ Bell's Russ Mould
Sports Direct shares plunge as profits plummet after taking hit from Debenhams stake
Sports Direct took a £85mln hit on its stake in troubled department store Debenhams
Investments and investor services
FTSE 100 closes marginally higher but European peers and US stocks lag
Footsie closed up around seven points, or 0.10% at 7,683 on Thursday
Archive
Sports Direct to deliver improved annual results as investors hope for World Cup boost
The day ahead includes full year results from Sports Direct, a first quarter trading update from SSE and UK retail sales data
Bookmakers see stock rise as investors bet they made a few quid as England crash out of World Cup
On top of England’s semi-final heartbreak, the bookmakers will also have benefitted from some of the pre-tournament favourites – Germany, Brazil, Spain, Argentina, Belgium – all coming up short
Sports Direct sells out of US firm Finish Line Inc days after JD Sports completed its acquisition
In addition, Sports Direct also revealed that its strategic interest in Nasdaq-listed brand license firm Iconix Brand Group Inc was 5.66mln shares, reflecting an 8.6% interest
House of Fraser confirms plans to close 31 of its stores, including its London flagship on Oxford Street
The move is part of a plan for the firm to secure new funding, which would see its current majority shareholder, Chinese firm Sanpower, transfer its 89% holding to another China-based firm C.banner
Why Dixons Carphone, Just Eat and Sports Direct will be among the World Cup winners
The World Cup is just around the corner and it’s not just football fans getting excited, the tournament also tends to boost sales for a number of companies
WH Smith voted worst shop on the high street by Which? readers
The customers complained about the books and stationery retailer’s customer service and labelled it a “horrid shop”, Which? said on its website