Frasers Group lifts stake in Asos
Mike Ashley’s Frasers Group upped its stake in online fashion retailer Asos on Friday.
ASOS
344.00p
16:49 26/04/24
0.17%
0.60p
Frasers Group
796.00p
16:40 26/04/24
0.70%
5.50p
FTSE 100
8,139.83
17:09 26/04/24
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FTSE 350
4,470.09
16:59 26/04/24
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n/a
FTSE All-Share
4,423.59
17:14 26/04/24
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FTSE Small Cap
6,484.28
16:59 26/04/24
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General Retailers
3,910.25
16:59 26/04/24
-0.13%
-5.27
The company - which owns Sports Direct, House of Fraser, Flannels and Jack Wills - lifted its stake to 19.8% from 19.3%, sending shares in Asos higher.
At 1125 BST, they were up 5.5% at 462.50p.
Frasers also revealed in a filing earlier in the day that it has increased its stake in fast-fashion retailer Boohoo to 10.4% from 9.1%, having already upped it from 7.8% on Thursday.
Frasers also owns stakes in AO World, Currys and Hugo Boss.