Mike Ashley’s Frasers flags £100 million hit from latest lengthy lockdown
Mike Ashley-controlled retail conglomerate Frasers (FRAS) expects to write down the value of its assets by more than £100 million due to the current lengthy lockdown, one that has forced the closure of stores deemed non-essential and will last at least another seven weeks.
Yet shares in the Sports Direct-to-House of Fraser owner rose 4% to 478p on Tuesday, joining in a wider reopening rally on ...