Frasers Group lifts stake in Asos
Mike Ashley’s Frasers Group upped its stake in online fashion retailer Asos on Friday.
ASOS
405.60p
10:35 23/12/24
1.50%
6.00p
Frasers Group
619.50p
11:14 23/12/24
-1.12%
-7.00p
FTSE 100
8,090.11
11:15 23/12/24
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FTSE 350
4,464.27
11:15 23/12/24
n/a
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FTSE All-Share
4,422.04
11:15 23/12/24
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FTSE Small Cap
6,785.64
11:15 23/12/24
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General Retailers
4,662.83
11:00 23/12/24
0.38%
17.54
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.