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10 Dec 2020 | 07:01

Frasers lifts FY guidance as online sales boost interims

(Sharecast News) - Mike Ashley's Frasers Group raised full year profit guidance as it reported higher profits at the half-year driven by strong sales online and at stores as they reopened after the Covid-19 lockdown.

The company on Thursday said underlying core earnings would by 20% - 30% higher. Interim pre-tax profits rose 17.6% to £106.1m on a 7.4% fall in revenue to £1.9bn.

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