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The Independent UK
The Independent UK
National
Henry Saker-Clark

Mike Ashley’s Frasers Group delivers profit surge but warns over cost of living

PA Archive

Sports Direct’s parent firm, Frasers Group, has swung to a bumper profit for the past year and expects this to surge further, despite warning over the cost of living and supply chain pressures.

The Mike Ashley-founded business hailed a strong performance despite a “significant increase” in running costs.

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