#frasers-group

#frasers-group

Frasers Group anticipates adjusted pre-tax profits between £550 million and £600 million for the new financial year, reflecting little to no profit growth due to economic uncertainty and potential tax rises.

Revolution Beauty told shareholders that Flannels and Sports Direct is one of a number of parties conducting due diligence on the company.

When Boohoo stops destroying shareholder value, Frasers Group as its biggest shareholder will be happy to support its proposals.

Frasers reported a decline in customer confidence and tougher trading conditions, resulting in a lowered profit forecast for the current year, now expected to be between £550 million and £600 million.