Frasers Group chairman David Daly called the results "pleasing" given that nearly all of its stores were closed until mid-June. Video, 00:02:00, Frasers Group: 'Resilient' results, says boss, Up Next. Prior to the profit warning, the company revealed that pre-tax profits rose by 17.6% to £106.1m at Frasers Group, in the half-year to the end of October. Mike Ashley's Frasers Group, formerly Sports Direct, brought some cheer to Britain's battered retail sector today. Mike Ashley’s Frasers Group has reported an 18% rise in profits today. The company behind Mike Ashley's retail empire including Sports Direct has revealed a breach of City rules through a director's purchase of stock. We hope this initial trial will allow us to see how best we can roll out these points across our retail portfolio. Frasers Group. Our business correspondent, Emma Simpson, has been talking to Frasers Group chief financial officer, Chris Wootton, about the companyâs strategy and the state of the high street. Frasers Group expects £100m non-cash impairment on assets amid COVID-19 crisis. Frasers Group says it expects a hit in excess of 100 million pounds linked to lockdown following the government’s announced Monday that non-essential stores will remain closed until April. Mike Ashley’s results will be gripping, but probably not in a good way. Information about your device and Internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. The results … Minutes Of The 57th Annual General Meeting Of Frasers Property Limited. Video, 00:02:00Frasers Group: 'Resilient' results, says boss, Up Next. © 2021 BBC. Video, 00:06:07, The women saving India's intricate flower embroidery. Listed on the Main Board of the Singapore Exchange Securities Trading Limited and headquartered in Singapore, the Group has total assets of approximately S$38.7 billion as at 30 September 2020. Frasers Group is joining the electric future. 10 Feb 2021. Frasers Group: 'Resilient' results, says finance chief Close. Mike Ashleyâs Frasers Group has reported an 18% rise in profits today. Frasers Property Singapore comprises businesses including real estate investment trusts (REITs) that build, own, develop and/or manage residential, retail, and office, business space and business park properties in Singapore, Australia and the United Kingdom. Video, 00:01:43, The women saving India's intricate flower embroidery, The pizza place with sign language on the menu. Video, 00:03:40The pizza place with sign language on the menu, ICYMI: Underwater art and Covid vaccine celebrations. Group reported EBITDA increased by 98.7% to £551.0m compared to £277.3m in the prior period, largely due to the change in reporting as a result of implementing IFRS 16 Group underlying EBITDA(2)increased by5.0% to £302.1m compared to £287.8m in the prior period Showing 2 of 14 results. Video, 00:01:37, ICYMI: Underwater art and Covid vaccine celebrations, Where do Covid variants come from? 'There are people too poor to die' Video, 00:04:54, 'Oprah is among the best interviewers in the world' Video, 00:02:02, 'Oprah is among the best interviewers in the world', Meghan: 'It's liberating... to be able to speak for yourself' Video, 00:01:43, Meghan: 'It's liberating... to be able to speak for yourself', The superpower and the Saudis. Investors in Mike Ashley's Frasers Group may be forgiven a feeling of deja vu. Frasers Group: 'Resilient' results, says finance chief. The figure comes on top of the £125mln impairments reported in December’s interim results. Video, 00:01:43The women saving India's intricate flower embroidery, The pizza place with sign language on the menu. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. Video, 00:01:55, 'I'll return to K2 to find bodies of my lost team' Video, 00:02:35, 'I'll return to K2 to find bodies of my lost team', 'His mental health has suffered all along' Video, 00:02:20, 'His mental health has suffered all along'. Frasers Group said: “Given the length of this current lockdown, potential systemic changes to consumer behaviour, and the risk of further restrictions in future, we believe this non-cash impairment could be in excess of £100m. Mike Ashley’s Frasers Group has delayed its annual results for the second year in a row. Frasers, which … 19 Feb 2021. Read about our approach to external linking. Mike Ashley’s Frasers Group has offloaded its 25% stake in French Connection to a Newcastle-based property investor after the fashion retailer’s share price shot … Video, 00:01:37ICYMI: Underwater art and Covid vaccine celebrations. Mike Ashley’s Frasers Group has reported an 18% rise in pre-tax profits as it continues talks about the potential acquisition of Debenhams. 'I'll return to K2 to find bodies of my lost team' Video, 00:02:35'I'll return to K2 to find bodies of my lost team', 'His mental health has suffered all along' Video, 00:02:20'His mental health has suffered all along'. Minutes Of The 57th Annual General Meeting Of Frasers Property Limited. Frasers Group founder Mike Ashley (Kirsty O’Connor/PA) It has now sold its holding of 96,612,934 shares, although the move sent French Connection shares higher once again. Results Highlights Results Presentation and Report August 2020. Showing 2 of 14 results. The retail group said it had benefited from the business rates holiday, although revenues fell 7.6% to £1.89bn due to the six weeks of store closures in the first lockdown. Video, 00:03:40, The pizza place with sign language on the menu, ICYMI: Underwater art and Covid vaccine celebrations. 17 talking about this. Frasers Group has said it could take a hit in excess of £100 million due to the Covid-19 lockdown on non-essential retailers lasting until April 12. #ForTheFearless. SGX announcement . An iconic collection of the world's leading retail brands, serving customers in over 20 countries. Video, 00:06:07The superpower and the Saudis, The women saving India's intricate flower embroidery. The retailer, formerly known as Sports Direct, has delayed the publication of its annual results for a second year running, saying it needs more time to complete its accounts. The business is in negotiations over a possible rescue deal for Debenhams and it also confirmed today that itâs taking a look at Arcadia, which collapsed into administration at the end of last month. Proposed Renounceable Rights Issue. The release of annual results at Mike Ashley's Frasers Group - formerly Sports Direct - have been delayed for the second year running. Frasers Group’s financial results for the 12 months to 26 April showed pre-tax profits across brands decline by almost 20% to £143.5m. Explore Frasers Property, a diverse, multi-national property company | In residential, retail, commercial, industrial, logistics, hospitality development and management, we believe experience matters. Publication of Frasers Group's results was delayed a week, which the company said was due to finalising the figures in accordance with new accounting rules. 11 November 2017 AGM. Frasers Group: 'Resilient' results, says boss. SGX announcement . 2.00 P.M. at Ballrooms II and III, Level 2, Intercontinental Singapore, 80 Middle Road, Singapore 188966. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Preliminary Results Presentation August 2020 2020-08-20 Preliminary Results August 2020 2020-08-20. ... (collectively referred to as the "FCL Group", "we", "us" or "our"), manage Personal Data which is subject to the Singapore Personal Data Protection Act 2012. Mike Ashley’s Frasers Group has reported an 18% rise in profits today. She began by asking him about Frasers Groupâs latest results. Investors will be hopeful that the confirmed takeover interest could result in a bidding war for the high street retailer. We've now installed two types of EV chargers in Shirebrook, offering our customers and employees incentives to go electric . Frasers Group … Frasers Group: 'Resilient' results, says finance chief, Frasers Group: 'Resilient' results, says boss. 'There are people too poor to die' Video, 00:04:54'There are people too poor to die', 'Oprah is among the best interviewers in the world' Video, 00:02:02'Oprah is among the best interviewers in the world', Meghan: 'It's liberating... to be able to speak for yourself' Video, 00:01:43Meghan: 'It's liberating... to be able to speak for yourself', The superpower and the Saudis. Proposed Renounceable Rights Issue. In … The group's … Where do Covid variants come from? 10 Feb 2021. The slump in profits … Yahoo is part of Verizon Media. 19 Feb 2021. #ForTheFearless. Billionaire Mike Ashley’s Frasers Group said on Thursdaythat pre-tax profit in the 12 months to 26 April 2020 fell 19.9% to £143.5m ($187.6m). Video, 00:01:55Where do Covid variants come from? Read about our approach to external linking. Frasers warns of more than £100m writedown of assets on lockdown impact ... with the company's results for the financial year ending April 2021,' the company said. Frasers Group, the Shirebrook-based retail giant which owns Sports Direct, has said it expects to take a £100m hit to its asset value when it reveals its full-year results in April. The company, whose portfolio includes brands House of Fraser, Jack Wills, Flannels and Evans, was slated to publish its full-year results on Thursday but has … Frasers Property is a multi-national company that develops, owns and manages a diverse, integrated portfolio of properties. An iconic collection of the world's leading retail brands, serving customers in over 20 countries. In addition to the briefings at these times, the Company will host a collective meeting for the Company’s major shareholders to provide shareholders with an extended opportunity to engage with management. Half Year Results Presentation December 2020 2020-12-10 Half Year Report FY21. 29 talking about this. You can change your choices at any time by visiting Your privacy controls. Frasers Group said its non-executive chairman David Daly bought 3,912 ordinary shares in the company "in error" on Monday. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The Company will undertake collective face-to-face briefings for analysts and investors on announcement of the half year and annual results. The BBC is not responsible for the content of external sites.