(Alliance News) - The FTSE 100 looked set to continue its rally on Wednesday, as markets looked to be heading into an extended holiday weekend in the UK with bounce in their step. Read More
(Alliance News) - Frasers Group PLC on Wednesday said it has sold Bob's Stores and Eastern Mountain Sports to US-based GoDigital Media Group for USD70 million. Read More
(Alliance News) - Trading was tense ahead of Wednesday's Federal Reserve decision, with stocks in London sinking even though a hefty 50 basis point US interest rate hike is overwhelmingly priced in. Read More
Frasers Group PLC - Shirebrook, England-based retail group which owns stores House of Fraser and Sports Direct - Has completed assessment of "unsettled value" created by Michael Murray's MM Prop Consultancy Ltd ahead of his appointment as Frasers chief executive at the start of May. The final payment to be made by Frasers to MM Prop is GBP20.9 million, following application of 40% discount. MM Prop is entitled to up to 25% of any value created by services provided to Frasers. "The agreement with MM Prop Consultancy Ltd has delivered significant financial and strategic value for the Group and its stakeholders. We are delighted that Michael will now drive us forward in our elevation journey, which we are already making strong progress with," the board says. Read More
(Alliance News) - Blue-chip indices in Europe were in the red around midday on Friday, with further losses seen in New York, as America's central bank gave its biggest hint yet that big interest rate hikes are in the near future. Read More
Frasers Group PLC - Shirebrook, England-based retail group which owns stores House of Fraser and Sports Direct - Notes recent press reports regarding the historic Grant Thornton audits of Sports Direct. Confirms it has at no time been part of the investigation. Says it has only been contacted as a witness during the investigation. Affirms that there has not been any suggestion of wrongdoing by Frasers during the investigation. Read More
(Alliance News) - Stocks in London ended higher on Friday following a healthy US jobs report, while Russia's war in Ukraine remains at the forefront of investor concerns. Read More
(Alliance News) - Stocks in London ended higher on Friday following a healthy US jobs report, while Russia's war in Ukraine remains at the forefront of investor concerns. Read More
(Alliance News) - Despite continued worries about the conflict in Ukraine and caution ahead of the latest US labour market update, European stock investors were starting the new quarter in an upbeat mood. Read More
(Alliance News) - Stocks in London got off to a positive, albeit cautious, start on Friday with investor focus lying on a US labour market update later in the day. Read More
(Alliance News) - Frasers Group PLC on Friday unveiled a new buyback programme that will run until late-April. Read More
(Alliance News) - The FTSE 100 ended a positive week with cautious gains, despite ominous data on Friday pointing towards some difficult months ahead for UK consumers. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday: Read More
Frasers Group PLC - House of Fraser and Sports Direct chains owner based in Shirebrook - Says it has increased its investment in German fashion house Hugo Boss AG to around EUR475 million. Frasers now holds 3.1 million shares, representing 4.5% of Hugo Boss's total share capital, and 9.7 million shares via the sale of put options, representing 14% of shares in issue. Read More
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday afternoon: Read More
(Alliance News) - Growth stocks serve has an effective hedge against inflation, analysts at Liberum said on Friday, outlining the likes of THG PLC, Ted Baker PLC and Made.com Group PLC as consumer stocks to buy into. Read More
(Alliance News) - Frasers Group PLC said Friday it has acquired Studio Retail Ltd, the main operating business of Lancashire-based Studio Retail Group PLC, for GBP26.8 million in total. Read More
(Alliance News) - Frasers Group PLC said Friday it has acquired Studio Retail Ltd, the main operating business of Lancashire-based Studio Retail Group PLC, for GBP26.8 million in total. Read More
(Alliance News) - Global equities tumbled on Monday as mounting fears of a Russian attack on Ukraine spooked markets, which have already been bruised by lingering inflationary worries and looming monetary policy tightening by the US Federal Reserve. Read More
Studio Retail Group PLC - Lancashire, England-based home shopping company - Announces it will file a notice of intention to appoint administrators to company and wholly owned subsidiary, Studio Retail Ltd. Follows failed financing attempt for additional working capital needed to fund the company as it sells off surplus stock. Had requested GBP25 million short-term loan from its lending banks, but was unable to reach any agreements. Studio Retail counts Frasers Group PLC as a shareholder. Read More