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FTSE 100-listed Frasers is controlled by founder Mike Ashley

Frasers forecasts more growth as move upmarket pays off

Frasers, the British sportswear and apparel retailer that owns the Sports Direct brand, reported a 13.1% rise in annual profit and forecast more growth in …

Business • 18 mins

New accounts show that Mike Ashley's Heatons Limited recorded the drop in profits as revenues increased by 4%

Profits down 41% at Irish arm of Ashley's Sports Direct

Pre-tax profits at the Irish arm of UK billionaire Mike Ashley's Sports Direct, Frasers and BrandMax stores last year declined by 41% to €40.9m.

Business • 30 May

Frasers made £303.8m in its first half to October 29, on revenue up 4.4% to £2.77 billion

Frasers keeps profit outlook after first half rise

Frasers, the UK sportswear and apparel retailer that owns the Sports Direct brand, said it was on track to meet full-year profit guidance after first-half …

Business • 07 Dec 23

Michael Murray, the Frasers Group chief executive

Frasers Group's profit doubles as retail empire grows

Sports Direct owner Frasers Group has reported a "record" financial performance with profits doubling after the high street empire took more brands under its wing.

Business • 27 Jul 23

Founder Mike Ashley still controls Frasers, owning 69% of its equity

Frasers defies retail downturn with profit rise

Sportswear and clothing retailer Frasers has today reported a 38.8% rise in first-half profit and kept its financial guidance for the full year, defying a …

Business • 08 Dec 22

Frasers said it now holds 4.3% of Hugo Boss stock directly and a further 28.5% via the sale of derivatives known as put options

Frasers raises Hugo Boss exposure and buys ASOS stake

Mike Ashley's Frasers Group said today it had increased its maximum exposure to Hugo Boss to £840m.

Business • 24 Oct 22

Heatons received €2.87m in Irish Government Employment Wage Subsidy Scheme (EWSS) grants last year

Sports Direct's Irish business got €2.87m in supports

The Irish arm of UK billionaire Mike Ashley's Sports Direct and BrandMax stores last year paid out an interim dividend of €1m as it received …

Business • 23 Mar 22

Frasers was formerly called Sports Direct and is controlled by Mike Ashley

Frasers' H1 profit up 62% on strong Covid reopening

British sportswear and fashion group Frasers has today reported a 61.7% rise in first-half core earnings, driven by the strong reopening of stores after lockdown, …

Business • 09 Dec 21

Four UK firms have been fined half a million pounds for sending enough nuisance texts and emails to message every person in the UK more than five times each.

UK firms fined for sending 354m nuisance messages

Four British companies have been fined half a million pounds for sending enough nuisance texts and emails to message every person in the UK more …

Business • 15 Sep 21

Mike Ashley's Frasers Group, which trades as Sports Direct, issues a profit warning

Frasers Group issues profit warning

Mike Ashley's Frasers Group has withdrawn its 2021 forecast after it was forced to shut all its stores in London and several parts of England …

Business • 21 Dec 20

Frasers Group, formerly Sports Direct, is forecasting growth of 10-30% in its new financial year

Ashley's Frasers forecasts growth in 2020-21

Mike Ashley's Frasers Group, formerly Sports Direct, has reported a 5% rise in 2019-20 core earnings and forecast growth of up to 30% in its …

Business • 20 Aug 20

An onerous lease non-cash provision of €26m led to the loss

€19m loss for Sports Direct and BrandMax Irish stores

The Irish arm of Mike Ashley's Sports Direct and BrandMax stores last year plunged into the red to record pre-tax losses of €19.49m.

Business • 18 Jun 20

Mike Ashley said he has offered Sports Direct's support to the UK's NHS

Mike Ashley 'deeply apologetic' for virus blunder

The billionaire boss of Sports Direct said he was "deeply apologetic" over the way his company handled the coronavirus emergency and wants to make amends …

Business • 27 Mar 20

Sports Direct had planned to keep its shops open amid the Covid-19 outbreak but has now changed its mind

Sports Direct won't open its stores in u-turn

Sports Direct stores will only open if they are given permission to do so, the finance chief of the retailer's parent group said today, clarifying …

Business • 24 Mar 20

The UK's Competition and Market Authority is investigating JD Sports' £90m deal to buy competitor Footasylum

JD Sports says Footasylum deal will 'benefit' customers

JD Sports has told the UK competition regulator that customers will "benefit" as a result of its proposed takeover of Footasylum, despite criticism from rival …

Business • 24 Dec 19

Sports Direct changes name to Frasers

Sports Direct has forecast core earnings growth of as much as 15% this financial year helped by a nascent turnaround at department store House of …

Business • 16 Dec 19

Sports Direct is Goals' largest shareholder with nearly 19% of the company

Sports Direct makes cash offer for Goals Soccer Centres

Mike Ashley's retail group Sports Direct International has made a 5-pence-a-share offer for Goals Soccer Centres, the struggling football pitch operator that said last month …

Business • 23 Sep 19

Analysts said Sports Direct has been irked by the major brands favouring JD Sports with their best ranges

JD Sports probe 'could have impact for major brands'

Sports Direct has said that a competition investigation into rival JD Sports Fashion's takeover of Footasylum could have implications for the sector's major players, particularly …

Business • 20 Sep 19

Sports Direct's Ashley re-elected to board

Mike Ashley, the founder and chief executive of Sports Direct International, was re-elected to the sporting goods retailer's board today, though nearly a quarter of …

News • 11 Sep 19

Sports Direct test investors patience with more delays

Sports Direct, the British sporting goods retailer controlled by Mike Ashley, tested investors patience today, issuing three statements saying it was still finalising its already …

Business • 26 Jul 19

Sports Direct said that increased scrutiny of its accounts could affect its guidance

Sports Direct delays results, guidance may be affected

Sports Direct has delayed publishing its annual results, warning problems integrating its purchase of House of Fraser stores and increased scrutiny of its accounts could …

Business • 15 Jul 19

JD Sports said today it was on track to deliver headline annual pretax profit

JD Sports says confident of profit meeting expectations

Sportswear retailer JD Sports bucked the retail sector gloom yet again, as it predicted full-year profit would meet expectations on strong sales from new stores …

Business • 03 Jul 19

Karen Byers has been described as Mike Ashley as the person who 'runs Sports Direct'

Sports Direct's retail boss to leave after 28 years

One of Mike Ashley's chief lieutenants has quit Sports Direct after 28 years working for the retail tycoon.

Business • 02 Jul 19

Debenhams is restructuring the chain using so-called company voluntary arrangements (CVAs)

Debenhams gets Sports Direct challenge to restructuring

Retailer Debenhams has received a challenge from former shareholder Sports Direct over a restructuring plan that wiped out investors but kept the company operating.

Business • 11 Jun 19

Sports Direct said the proceeds of today's deal would be used for group operations and to boost its working capital

Sports Direct confirms £120m HQ sale and leaseback deal

Sports Direct, the sportswear retailer owned by billionaire Mike Ashley, has confirmed the sale of the freehold to its Shirebrook logistics centre to Kwasa Logix …

Business • 28 May 19