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Frasers shares dive as FY profit outlook cut on Budget, weak trade

By Frank Prenesti

Date: Thursday 05 Dec 2024

(Sharecast News) - Shares in Frasers Group nosedived as the UK sportswear and fashion retailer lowered full-year profit forecasts, citing weaker consumer confidence leading up to and after the government's recent Budget and a tougher trading environment.
The Sports Direct owner now expects adjusted pre-tax profit for the 2024/25 fiscal year...

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