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Evening Standard
Evening Standard
Business
Samantha Downes

FTSE report: Mike Ashley’s Frasers Group surprises with third share buyback in a year

Mike Ashley Frasers Group Frasers Flannels House of Fraser Sports Direct United States

Frasers Group founder Mike Ashley

(Picture: PA Archive)

Frasers Group, owner of retail brands including Sports Direct, House of Fraser and Flannels, has cheered investors with the announcement of its third share buyback programme in a year.

Shares were up 12p at 646p following the latest £70 million repurchase programme, which started today and ends on April 24, the day before its financial year end.

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