(Alliance News) - Blue-chip equities in Europe were trading mostly lower on Thursday afternoon, with pre-ECB trepidation and political turmoil in Italy damping investor mood. Read More
(Alliance News) - Sports Direct owner Frasers Group PLC on Thursday said annual profit surged, despite the "well-chronicled challenges" hitting the retail sector. Read More
(Alliance News) - Large-cap stocks in Europe struggled in early dealings on Thursday, as traders await a policy decision from the European Central Bank and after gas supplies through the critical Nord Stream pipeline restarted. Read More
(Alliance News) - Mike Ashley's Frasers Group PLC on Monday said that its former auditor Grant Thornton UK LLP has been fined over "serious failings" in its audit of Sports Direct International PLC's 2016 and 2018 financial statements. Read More
(Alliance News) - Equities in London managed to avert some of the hefty sell-offs seen in the first half of the year, but struggled for direction at the start of the third quarter, as investors chewed on a slew of poor manufacturing readings from across the globe on Friday. Read More
Frasers Group PLC - Shirebrook, England-based retail group which owns stores House of Fraser and Sports Direct - Acquires a 28.7% holding in the Australian-based fashion marketplace MySale Group PLC. Read More
(Alliance News) - Analysts at Liberum on Thursday said Frasers Group PLC should take heart from strong annual results from retailing peer JD Sports Fashion PLC. Read More
(Alliance News) - Mike Ashley's Frasers Group PLC on Wednesday said it has increased its investment in German fashion firm Hugo Boss AG. Read More
(Alliance News) - Stocks in London are set to pull back on Wednesday after a strong start to the week, with improved sentiment giving way again to worries over rising interest rates and global growth prospects. Read More
(Alliance News) - House of Fraser and Sports Direct-owner Frasers Group PLC on Monday launched a GBP35 million share buyback. Read More
(Alliance News) - The pound remained lower against the dollar and equities also were down on the day at midday on Thursday, after the Bank of England decided to raise UK interest rates by a quarter of a percentage point. Read More
(Alliance News) - Mike Ashley's Frasers Group PLC on Wednesday said it has bought fast-fashion retailer Missguided Ltd out of administration in a GBP20 million deal. Read More
(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