Gewinn & Umsatz News zur FRASERS GROUP Aktie

 

Owner of Sports Direct chain says consumer confidence 'very subdued' with sales at sports division down 5.8%The owner of Sports Direct and Flannels has said sales have fallen at its UK retail businesses amid heavy discounting by rivals and “very subdued” consumer confidence.Frasers, which is controlled by former Newcastle United owner Mike Ashley, said sales at its UK sports division were down 5.8% in the six months to 26 October to £1.3bn despite growth at the main Sports Direct chain because of “planned decline” at its Game outlets and the Studio Retail online arm. Continue reading......

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Pre-tax profits fall 24% despite rise in Sports Direct sales, driven by closures of House of Fraser and Game storesBusiness live – latest updatesA “challenging” luxury market and retreat from gaming have prompted a fall in sales and profits at Mike Ashley's Frasers.The group, which is majority owned by the billionaire former Newcastle United owner, said sales fell by 7.4% to £4.7bn and pre-tax profits slid by 24% to £379.5m as it closed some of its House of Fraser department stores and Game video game shops. Continue reading......

Discussions have involved majority shareholders Christina Ong and husband Ong Beng Seng. Mike Ashley's Frasers Group is also part of talks....

Mike Ashley's retail empire now anticipates its adjusted pre-tax profits will total £550million to £600million this financial year, having previously forecast they would be £575million to £625million....

DIARY-UK corporate earnings week ahead Nov 29 (Reuters) - Diary of U.K (.FTSE) corporate earnings for the week ahead UK EARNINGS Start Date Start Time(GMT) RIC Company Name Event Name 05-Dec-2024 BMO FRAS.L Frasers Group PLC Half Year 2025 Frasers Group PLC Earnings Release 05-Dec-2024 07:00 SMDS.L DS Smith PLC Half Year 2025 DS Smith PLC Earnings Release 06-Dec-2024 11:00 ABF.L Associated British Foods PLC Associated British Foods PLC Annual Shareholders Meeting 06-Dec-2024 11:00 HRGV.L Hargrea...

Lower sales in UK and North America after mild weather and discounting by rivals offset by 3.5% rise in EuropeBusiness live – latest updatesMild weather and discounting by rivals hit sales at JD Sports in October, prompting the trainers and fashion retailer to issue a warning that profits will be at the lower end of expectations.The gloomy update sparked a sell-off among investors, sending shares down 14% and wiping about £800m off the value of the FTSE 100 company, which owns the JD chain as well as outdoor wear retailers Millets and Blacks in the UK and chains in the US and mainland Europe. Shares in its rival, the Sports Direct owner Frasers Group, also fell, by 2.5%. Continue reading......

CEO says he will launch review to make company 'leaner, more agile' and the firm will 'renew its relevance'Business live – latest updatesStaff at Mulberry are braced for job cuts after the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a fifth and losses have widened.The company, which last month rejected a £111m bid from 37% shareholder Mike Ashley's Frasers Group, reported a 19% fall in revenues to £69.7m in the six months to the end of September. Losses widened by 23% to £15.7m. Continue reading......