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

Frasers Group stops FRC from publishing key findings of review - report

By Michele Maatouk

Date: Monday 22 Apr 2024

LONDON (ShareCast) - (Sharecast News) - Mike Ashley's Frasers Group has reportedly refused to allow the Financial Reporting Council to publish the key findings of a review into the retail group's latest annual report.
According to The Times, Frasers has withheld consent for the regulator to issue a case summary after entering into "substantive inquiries" with the company.

It is the second year running when the Financial Reporting Council (FRC) has conducted a review of Frasers' annual report and when Frasers has refused to allow the issue to be made public, The Times has learnt.

There are only 14 cases, or 4% of the total - three of which concern Frasers or a group company - in which companies have withheld consent since the regulator introduced a more transparent corporate reporting review regime after the independent Sir John Kingman review in 2018.

The regime was introduced when Sir Jon Thompson was chief executive of the regulator. Thompson, 59, a former chief executive of HM Revenue & Customs, is due to join Frasers' board this year as a non-executive director.

It means Frasers is the only FTSE 100 company to have withheld consent.

The issues raised by the FRC as part of its reviews are unknown but are understood not to relate to audit issues.

A spokeswoman for Frasers told The Times: "The business has already addressed any queries raised by the FRC to their satisfaction.

"It is perfectly common for the FRC to ask questions in relation to accounts ... It is not apparent to the business that there is any benefit in publishing outcomes to such questioning where matters have already been resolved and so this has been its approach."

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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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