Frasers Group (FRAS)

Sector:

Retailers

Index:

FTSE 100

761.00p
   
  • Change Today:
    -23.50p
  • 52 Week High: 938.00p
  • 52 Week Low: 753.00p
  • Currency: UK Pounds
  • Shares Issued: 450.32m
  • Volume: 616,656
  • Market Cap: £3,426.91m
  • RiskGrade: 211

Next, Frasers Group among those looking to rescue Made.com

By Josh White

Date: Monday 07 Nov 2022

LONDON (ShareCast) - (Sharecast News) - High-street stalwart Next and Mike Ashley's Frasers Group were reported to be among the frontrunners looking to rescue the teetering online furniture retailer Made.com Group over the weekend.
According to the Sunday Times, PwC was consulting Made on securing a rescue deal in the coming days, as the company kept new orders suspended less than 18 months after its blockbuster £775m market float.

The newspaper said the likely outcome would be a 'pre-pack administration' that would see the Made brand kept, but up to 500 jobs lost and creditors left millions of pounds out of pocket.

Customers were also likely to be left having paid and without any furniture, unless they were protected through their credit card provider.

Shares in Made were suspended from trading before markets opened on 1 November, after the company confirmed its intention to call in administrators.

The company announced a strategic review on 23 September, including the possibility of a formal sale, although none of the interested parties were able to meet the required timetable.

"As a consequence, the board of Made.com Design (MDL), Made's operating subsidiary, considered appropriate next steps," the board said at the time.

"In light of MDL's requirement for further funding and in order to preserve value for its creditors, the board of MDL took the decision on 26 October to temporarily suspend new customer orders.

"The board currently expects that, in due course, the listing of the company's ordinary shares will be cancelled, any residual value will be distributed to the company's shareholders and the company will be wound up."

At 0910 GMT, shares in Next were up 0.9% at 5,174p, and those in Frasers Group were ahead 4.34% at 696.5p.

Reporting by Josh White for Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Frasers Group Market Data

Currency UK Pounds
Share Price 761.00p
Change Today -23.50p
% Change -3.00 %
52 Week High 938.00p
52 Week Low 753.00p
Volume 616,656
Shares Issued 450.32m
Market Cap £3,426.91m
RiskGrade 211

Frasers Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.64% below the market average25.64% below the market average25.64% below the market average25.64% below the market average25.64% below the market average
23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average23.81% below the sector average
Price Trend
12.16% below the market average12.16% below the market average12.16% below the market average12.16% below the market average12.16% below the market average
4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average4.76% below the sector average
Income Not Available
Growth
23.75% above the market average23.75% above the market average23.75% above the market average23.75% above the market average23.75% above the market average
38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average38.10% above the sector average

Frasers Group Dividends

No dividends found

Trades for 31-Oct-2024

Time Volume / Share Price
17:24 63,686 @ 766.71p
17:24 42,162 @ 766.71p
17:24 5,727 @ 766.71p
17:24 38,464 @ 766.71p
15:20 25,000 @ 753.45p

Frasers Group Key Personnel

CFO Chris Wootton
CEO Michael Murray

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