Frasers Group lifts stakes in Boohoo, Asos

Mike Ashley’s Frasers Group went on a shopping spree on Wednesday, picking up more shares in both Boohoo and Asos.

The company - which owns Sports Direct, House of Fraser, Flannels, Evans Cycles and Jack Wills, among others - lifted its stake in Boohoo to 16.5% from 15.1%.

It bumped up its stake in online fashion retailer Asos, to 12.6% from 10.7%.

Frasers has also built stakes in AO World, Currys, N Brown, Hugo Boss and Mulberry.