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Studio Retail swings to profit under Frasers ownership

Studio Retail swings to profit under Frasers ownership
retailgazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from retailgazette.co.uk Daily Mail and Mail on Sunday newspapers.

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Studio Retail back in the black under Frasers ownership

Studio Retail has posted pre-tax profit of £12.1m in the 53 weeks to 30 April 2023 following Frasers Group's takeover, compared with a loss before tax of £75.7m in the previous year.

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Studio Retail back in the black after recovering from £75m losses before Frasers Group rescue

Studio Retail surged back into the black after recovering from losses of over £75m as it collapsed into administration.

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Frasers Group poised for European expansion , says Barclays

Barclays initiated coverage of Frasers Group on Tuesday with an ‘overweight’ rating and 1,060p price target, as it said the company was "poised for European expansion".

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Broker tips: M&G, B&M, Frasers Group, Frontier Developments

Analysts at Goldman Sachs initiated coverage on investment manager M&G with a 'buy' rating and 240.0p target price on Tuesday, stating it had "attractive growth, capital returns, and valuation".

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