Mike Ashley confronts Asos board in latest retail row Retail Mike Ashley’s Frasers Group voted against resolutions at online fashion retailer Asos’s general meeting, sparking fears that the high street magnate could prompt further disruptions at listed companies. Various company resolutions were passed by Asos on Friday afternoon but Ashley looked to spoil the party with disruptive votes in meetings, it has been reported. The [...]
Frasers founder Mike Ashley snaps up stake in UK’s largest listed residential landlord Property Fraser’s founder Mike Ashley has secured a slice of an FTSE 250 property firm in a multi-million-pound bet on the future of UK rental housing. The UK billionaire has acquired a 3.1 per cent interest in the UK’s largest listed residential landlord in the private rented sector, Grainger, through a high-stakes financial move known as a spread bet. The [...]
Premier League Predictions: Chelsea to edge out Arsenal, Liverpool finally get a win, but more misery for Man United betting It was a contrasting week for English teams in the Champions League – stunning wins for Chelsea and Arsenal mixed in with humbling defeats for Liverpool and Manchester City. The good news for Arne Slot and Pep Guardiola is that redemption could come swiftly as the Premier League returns for matchweek 13. The clash of [...]
Versace: UK sales slashed again as profit almost wiped out October 14, 2025 Sales at the UK arm of fashion house Versace have been slashed by a fifth for a second consecutive year as the downturn in luxury spending continues. The division has reported a turnover of £15.2m for the 12 months to 31 March, 2025, new accounts filed with Companies House have revealed. The latest total is [...]
FTSE 100 Live: Trainline stock soars, BP and Shell edge higher September 11, 2025 Good morning from the City AM liveblog team. Shares in Shell, BP, Playtech and Trainline were among the biggest risers in the London markets this morning, after the latter two reported earnings that sailed past analyst expectations. The government’s growth ambitions were dealt another hammer blow last night, after US pharma giant Merck pulled the [...]
Profit slashed at Mike Ashley-backed Hugo Boss September 10, 2025 Profit at the UK arm of Hugo Boss, which counts Mike Ashley’s Frasers Group as a major shareholder, has been slashed for a second consecutive year. The London-headquartered division of the German group has posted a pre-tax profit of £9m for 2024, down from the £16.8m it achieved in 2023 and £30.4m in 2022. New [...]
Mike Ashley’s investments double to £1bn thanks to Hugo Boss shares July 17, 2025 The total value of the stakes Mike Ashley’s empire holds in the likes of Hugo Boss, AO World and Boohoo have doubled to £1bn in just over a year, it has been revealed. According to the group’s latest financial results, which have been filed with the London Stock Exchange, the value of its investments in [...]
Mike Ashley tightens grip on Hugo Boss amid dividend demand July 4, 2025 Frasers Group, the retail empire controlled by billionaire Mike Ashley, has tightened its grip on Hugo Boss after upping its stake. The owner of Sports Direct and House of Fraser has increased its shareholding in the German giant to in excess off 32 per cent. In a statement, Frasers Group said it “continues to consider [...]
Two New Additions at One New Change: Open Doors to Unique Shopping Experiences April 14, 2025 London, April 2025 – Two iconic brands, Aesop and John Henric, are set to elevate the retail experience at One New Change, introducing distinct concepts that blend design, sustainability, and style in the heart of the City of London. Nestled amidst the striking modern architecture of One New Change and just a stone’s throw from [...]
Danske Bank shares surge after record profit haul February 7, 2025 Shares in multinational lender Danske Bank surged on Friday after the lender beat forecasts with record annual profits. In its full-year results, Denmark’s biggest bank said it had raked in profits of £2.6bn on the back of a boost in “customer activity” along with low loan losses . The bank, which has had offices in [...]