lonfras
Frasers Group PLC (LON:FRAS)’s full year organic revenue rose 31.2% to £4.7bn, excluding the impact of exchange rates. This reflected the reopening of stores, which drove growth across all segments bar Rest of World Retail. Profit before tax was up from £8.5m to £366.1m, driven by improved revenue, new FLANNELS stores and growth online in premium lifestyle. This offset a £227m charge relating to the reduction in value of property assets. It also excludes the cost of the Studio Retail Limited acquisition, which is expected to reduce profits before tax by £5-£10m. Q2 2022 hedge fund letters, con...
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Millenial retail stocks are tipped to be making a comeback, such as Superdry PLC (LON:SDRY), Wickes Group PLC (LON:WIX) and Frasers Group PLC (LON:FRAS). Will The Millennial Retail Stocks Recover?“‘Millennial’ stocks such as Superdry, Frasers, Wickes are not seeing investor demand at present as these counters remain negative for the year to date. Q1 2022 hedge fund letters, conferences and more Demand for equities, in general, has been soft as rates are on the rise and the attraction of interest-bearing assets finds increased appeal. Stocks tipped for growth like these brands typically underpe...
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“Frasers Group PLC (LON:FRAS) has fished Missguided out of the fashion bargain bin and added it to the rack of labels in its substantial wardrobe. The £20 million it is paying to acquire Missguided’s intellectual property is small beer, when you consider the many millions of pounds poured in during vain attempts to save it from collapse. Alteri investors injected £53 million into the business and took a 50% stake in the company but attempts to sell floundered, and now Frasers Group has scooped up the remnants ready for a makeover. Being part of the larger Frasers empire should give the brand m...
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February’s ONS retail sales figures predicted to rise on FridayMarks and Spencer Group Plc (LON:MKS) joint venture with Ocado Group PLC (LON:OCDO) could be a headwind to growth this yearMarket apprehension ahead of NEXT plc (LON:NXT)’s results on ThursdayCost pressures affecting Frasers Group PLC (LON:FRAS), J Sainsbury plc (LON:SBRY) and Tesco PLC (LON:TSCO)Q4 2021 hedge fund letters, conferences and more How The Retail Sector Is FaringAhead of the ONS Retail Sales figures for February being published on Friday, Steve Clayton, HL Select Fund Manager, gives his verdict on how parts of the reta...
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“A little more confidence has been infused into Frasers Group PLC (LON:FRAS) with the latest sales figures a boost after the long days of lockdown, but the company sees continued uncertainty ahead for retail with new variants causing concern. Q2 2021 hedge fund letters, conferences and more Although the damaging effect of the crisis is plain to see, with full year pre-tax profit falling 94.1% to £8.5 million, since stores re-opened sales have rebounded beyond expectations. Frasers Group CEO Steps DownIt’s no surprise that founder Mike Ashley is taking this break in the clouds to step away from...
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Look ahead to FTSE 350 & other companies reporting from 2 to 6 August Q2 2021 hedge fund letters, conferences and more Greggs (LON:GRG) has been working hard on its recipe for recoveryIbstock (LON:IBST) navigates a tumultuous quarter for building suppliesTaylor Wimpey (LON:TW)’s sales rate will set the stage for the second halfRolls Royce (LON:RR) will update on its tepid long haul journey out of the crisisinvestors will be keen to find out if it’s full steam ahead for the recovery at __WPP \(LON:WPP\)__Frasers Group (LON:FRAS) has been cautious in its outlook despite the reopening of retail o...
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While other retailers appear to be riding a cheerful wave ahead of the re-opening of the high street, Frasers Group PLC (LON:FRAS) appears to be the party pooper, sounding a cautionary note about getting carried away too soon. Q1 2021 hedge fund letters, conferences and more A Third Wave Of Infections Could Lead To Further RestrictionsThe owner of Sports Direct, House of Fraser and Flannels has doubled the hit it expected to take due to the pandemic with expectations that a third wave of infections could lead to further restrictions on retailers. Back in February it reckoned that it would have...
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