Frasers Plus News Today

Studio Retail has posted pre-tax profit of £12.1m in the 53 weeks to 30 April 2023 following Frasers Group's takeover, compared with a loss before tax of £75.7m in the previous year.

Studio Retail surged back into the black after recovering from losses of over £75m as it collapsed into administration.

Barclays initiated coverage of Frasers Group on Tuesday with an ‘overweight’ rating and 1,060p price target, as it said the company was "poised for European expansion".

Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".

With less than a month to go until Christmas Day, these are the best deals available in the UK across beauty, food, tech, fashion, toys and more to help you get Christmas all wrapped up for the big day

Stay on top of the best Black Friday PS5 deals with our up-to-the-minute live blog coverage

Frasers Group reports “record” financial performance for FY23 with pre-tax profits doubling thanks to its growing brand portfolio.

Revenues for the year to 30 April jumped 15.8% to £5.5m. Frasers Group's UK sports retail business unit, which includes sportswear retailer Sports Direct,

Among the companies with reports and trading updates today are Centrica, Shell, ITV, BT, Barclays, Wizz Air, Frasers and Mitchells & Butlers.

Frasers’ current discount is “unjustified” according to Shore Capital, commenting on the retailer’s record performance. Shares in the FTSE 100 retailer...