Frasers Group bans ‘unproductive’ home working
The British retailing group, which owns Sports Direct, Flannels, House of Fraser and Jack Wills, banned its flexible Friday policy and has asked staff to work every day
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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Mike Ashley's Frasers Group consolidates Australia expansion with MySale deal
The deal will allow Sports Direct and House of Fraser to offload end of season lines down under
Frasers Group backed for 'resilient performance' by house broker
The preliminary results are expected be released on 21 July
Frasers Group ups investment in Hugo Boss to 4.9%
Frasers first took a stake in the clothing designer in 2020
Frasers Group rises as it announces share buyback
The Mike Ashley retail juggernaut said the share buyback programme will run for a month
Frasers snaps up Missguided assets for £20mln
The online fashion retailer will operate as a standalone business within the Frasers Group
Frasers Group, B&M and Accol tipped among ‘best’ consumer stocks for the downturn
Liberum analysts reckon "there is serious upside to be had given how bombed out valuations have become.”
Frasers Group could build strong presence with Flannels but elsewhere faces challenges
"We see upside potential to Frasers' store target of c.100 stores," RBS Capital Markets said
Frasers buys Studio Retail out of administration in £26.8mln deal
Frasers, which is Studio's biggest shareholder with a stake of almost 29%, said the deal had saved 1,500 jobs
Southampton FC close to being sold to Serbian media tycoon in £100mln deal
The deal may come too early to be examined under the proposed rules put forward by former sports minister Tracey Crouch
Frasers launches £70mln share buyback
The share price rose 0.5% to 736p in Monday morning’s early trading
Frasers Group shares react positively to interim results; one broker thinks there is much further for the stock to go
In a note to clients, Liberum said: “Frasers’ strategic foundations are now firmly in place driving yet another impressive set of results, which are standout considering the current environment.
Frasers Group says new boss could earn £100mln if share price more than doubles before October 2025
Michael Murray, the CEO designate, is currently "head of elevation", which makes it sound like he is in charge of the lifts
Mike Ashley, a maverick who ruffles feathers and puts noses out of joint
Whatever you say about Mike Ashley, he has retail nous (and he isn't Philip Green)
Frasers Group says Mike Ashley considering relinquishing the reins as profits plunge
Future son-in-law Michael Murray's stint as "head of elevation" looks like resulting in his elevation to the role of CEO although Mike Ashley is expected to remain the power behind the throne
Mike Ashley to step back from CEO job at Frasers - report
Future son-in-law Michael Murray is being tipped to become the new CEO
Frasers Group making 'huge push' into vacant shop space around Europe, UK
This comes with the company expecting to have written down the value of its own assets by over £320mln over 2020 and 2021
Frasers Group to make bigger Coronavirus impairments as further restrictions are almost certain
"We note the continuing Government and Government advisor pronouncements regarding 'third waves' and normality being 'some way off', meaning further restrictions are in our view almost certain"
Frasers Group throws business rates temper tantrum
Frasers Group and many retailers would have expected suitable relief until structural reform is implemented, Mike Ashley's retail group said in a statement issued in response to the Budget
Frasers Group expects £100m non-cash impairment on assets amid COVID-19 crisis
The figure comes on top of the £125mln impairments reported in December’s interim results