The retail giant behind brands such as Sports Direct, House of Fraser, GAME and Evans Cycle has reported surging profits thanks to a number of high profile acquisitions.
New figures show that in the six months to the end of October, Frasers Group sales increased by 12.7 per cent to £2.64 billion, while pre-tax profits were up 53 per cent to £284.6 million.
Management at the Derbyshire-headquartered business, which is majority-owned by Mike Ashley, said more takeovers could be on the cards over the coming months as competitors come face-to-face with a tightening economy.
