Here at FxPro, we’re delighted to offer our clients the opportunity to invest in Frasers Group PLC (previously Sports Direct International PLC), through our CFD Product. The British retailing group’s history began in 1982 and its Headquarters are located in Shirebrook, England.
SportsDirect.com is the United Kingdom's largest sports-goods retailer and operates roughly 670 stores worldwide. The Frasers Group PLC additionally owns a large number of retailers, including House of Fraser, Flannels, USC and Lillywhites. Sporting and fashion brands owned include Donnay, Slazenger, Firetrap, Everlast, Kangol, Karrimor, and Lonsdale, among others. The company operates under low margins.
Mike Ashley has continued to hold a majority stake in the business, and his holding has been 61.7 percent since October 2013. It is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.
The group has over 470 UK stores including the chains SportsDirect.com (Sports World prior to 2008), Lillywhites, Field & Trek and USC. Sports Direct-branded stores exist under a franchising agreement in South Africa and the Middle East. In 2006 it overtook JJB Sports as the UK's largest sportswear retailer.
In late November 2006, a number of business newspapers reported that owner Ashley was looking at an IPO of Sports World International. He hired Merrill Lynch, who valued the group at up to £2.5bn ahead of a possible flotation on the London Stock Exchange. The group debuted on the exchange on 27 February 2007.
After the successful acquisition of the House of Fraser chain by owner Mike Ashley in 2019, Sports Direct has now been re-branded to Frasers Group PLC as part of its brand elevation strategy. Following this, Frasers Group PLC started the 2020 year with a share price of around 450 GBp.
Frasers Group PLC stock price is subject to the observations of many traders in the world and among the reasons to keep a close eye on the CFD of the security is the volatility that can be observed during the day-to-day trading sessions.
On this page, you can take a look at the Frasers Group PLC share price chart to make your own responsible decision to buy or to sell it on the FxPro trading platforms.
To trade shares successfully, be sure to follow corporate reports and data that is regularly published on the major news portals.
Also, keep a close eye on the Dividend calendar on the FxPro official website. Clients, holding “Buy” positions on the ex-div date will receive a dividend in the form of a cash adjustment (deposit). Clients, holding “Sell” positions on the ex-div date will be charged the dividend amount in the form of a cash adjustment (withdrawal).
