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AO World shares surge 10% as electronic retailer upgrades profit guidance

The retailer, which counts Mike Ashley's Frasers Group as a major shareholder, has cut a number of jobs and closed its German business as part of its turnaround plan

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Shein to buy Missguided - just over a year after brand was snapped up by Mike Ashley

The deal announced by Shein includes the intellectual property and trademarks of Missguided - however, Frasers will keep its staff and real estate as part of the agreement

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Frasers Group agrees deal to buy German sports retailer SportScheck

Mike Ashley's retail vehicle, which owns Sports Direct and House of Fraser, told shareholders on Tuesday it has entered a "binding agreement" to buy the business from Signa Retail Department Store Holding

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FTSE 100 gets off to a strong start as miners and energy stocks rally

European markets have got off to a strong start this week with London's top index helped by a strong session for miners and energy stocks

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Major department store could vanish from UK shopping centres for good, chief warns

Chief executive Michael Murray admits House of Fraser was a 'broken business' when it was bought over, as the department stores were 'way too big' and lacked investment

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