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The Independent UK
The Independent UK
Business
Henry Saker-Clark

Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

Sports Direct owner Frasers Group has revealed higher sales and profits (Frasers/PA) -

High street retail giant Frasers Group said it has witnessed “weaker” confidence among shoppers leading up to and since the autumn Budget, as the company reduced its profit forecasts for the year.

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half year, and lower profits.

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