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Frasers Group PLC continued its streak of buying up shares in UK retail outfits, with a regulatory filing showing it has taken up a position in online fashion firm boohoo group PLC. Frasers, which owns, House of Fraser, Sports Direct and Flannels retail chains, has a stake of 5.0% in boohoo. The announcement on Tuesday came hours after a filing showed Frasers has built an 8.9% stake in London-based electronics and electrical goods retailer Currys PLC. Filings on Monday showed Frasers built a 4.3% stake in Currys last week Thursday. It increased it to 8.9% on Monday. On Friday, online electricals retailer AO World PLC said Frasers increased its stake to 21% from 19%. Frasers last week Monday had just bought the 19% stake. On Thursday, London-based online fashion retailer Asos PLC said Frasers increased its stake to 10.6% from 9.9%. Frasers shares were 0.4% higher at 715.00 pence each on Tuesday morning in London, boohoo shares were 1.8% lower at 34.29p each and Currys shares rose 1.4% to 53.70p. Copyright 2023 Alliance News Ltd. All Rights Reserved.
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