Three things you need to know in the financial markets today from investment writer, Tony Cross.
#1. Frasers ups stake in Hugo Boss
Frasers Group LON:FRAS announced this morning that it had increased its stake in Hugo Boss, constructed from a mix of physical stock and put options. As the note states, after taking into account the net premium it will receive, Frasers maximum exposure is worth €360m based on Wednesday’s closing price.
- AIM Market Roundup: Gelion, Surgical Innovations, Deltex Medical
- AIM Market Roundup: Engage XR, Lunglife, Greatland Gold
- UK Stock Market News: Ocado, Smiths, JD Sports
#2. JD Sports notes modest sales growth but margins decline
Full year numbers from JD Sports LON:JD. were released this morning noting that strategic progress had been made in an otherwise challenging market. Sales are up 2.7% – a number that was impacted by disposals – but gross margin fell 20 basis points. Dividends are being increased with the total payout set to be 12.5% higher than it was a year ago. FY25 has started well and the company expects profits for the year of £955m-£1035m against the £917m of 2024.
#3. Revolution Bars Group concludes sales process, eyes next move
Revolution Bars Group LON:RBG has advised the market that the formal sales process concluded without a resolution being found. Instead a restructuring plan is being launched which management believe will deliver a £3.8m improvement in EBITDA in FY25 should creditors cooperate. That’s the key point as failure to gain support here would see the planned funding round cancelled and the company file for administration.
