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. Read More
(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. Read More
(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. Read More
Frasers Group PLC - Shirebrook, England-based owner of the House of Fraser, Sports Direct and Flannels retail chains - Raises stake in Asos PLC, a London-based online fashion retailer which on Thursday reported a return to an adjusted quarterly profit, to 10.6% on Monday, from 9.9%. The raise in Frasers's stake in Asos follows three other raises over the past 31 days, to 9.9% last Wednesday, to 8.8% on June 1, and to 7.4% on May 15, from 5.1% before that. Read More
(Alliance News) - European equities pushed higher in anticipation of a US inflation ease and a Federal Reserve rate hike pause, though a slump in crude prices hurt oil majors. Read More
(Alliance News) - Stock prices in London were tentatively higher at midday on Monday, as investors looked ahead to a key US inflation print on Tuesday with some caution ahead of the Federal Reserve's next interest rate decision. Read More
(Alliance News) - Frasers Group PLC's move to buy into AO World PLC and white goods was not a surprise, as it was the next logical step following forays into beauty and furniture. Read More
(Alliance News) - Stock prices in London opened higher on Monday as markets looked ahead to three major central bank policy meetings, in the US, EU and Japan, with increasing confidence in their outcome. Read More
(Alliance news) - High street retailer Frasers Group PLC on Monday said it bought a strategic stake in online electricals retailer AO World PLC. Read More
(Alliance News) - Stocks in London were set to open higher on Monday, at the start of a busy week of central bank moves. Read More
(Alliance News) - The following is a round-up of share dealings by London-listed company directors and managers announced on Wednesday and Thursday and not separately reported by Alliance News: Read More
Frasers Group PLC - Shirebrook, England-based owner of House of Fraser, Sports Direct and Flannels retail chains - Put options sold by Founder Mike Ashley over 250,000 shares that were set to expire in September are exercised at GBP9.00 per share, worth GBP2.3 million. Ashley settles the exercise through the purchase of a spread bet equivalent to 250,000 shares at GBP9.01, also worth GBP2.3 million. Ashley also buys a spread bet equivalent to 100,000 shares at GBP7.18, worth GBP717,645. All three transactions are on Tuesday. Ashley has a 71% voting interest in Frasers. Read More
(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. Read More
(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: Read More
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. Read More
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. Read More
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. Read More
(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. Read More
(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. Read More
(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. Read More