Frasers Group increases its stake in Mulberry to 36.82 percent. | Kalkine Market Update UK |

Frasers Group, owned by Mike Ashley, has acquired another 4,335,720 ordinary shares in Mulberry Group Plc. It had acquired a 12.5 percent stake in Mulberry in February, which was later increased to 29.61 percent earlier this month. The acquisition made at 150 pence per share has increased Frasers Group holding interests in Mulberry to 36.82 percent.

Marks & Spencer to keep two-third of its stores open till midnight in Christmas week Marks & Spencer, the UK’s largest clothes retailer, will keep 400 of its 600 stores open till midnight in Christmas week. This would start on 21 December and continue for the next three days.

* ONS survey finds one in seven companies fear the risk of collapse in the next three months A recent survey of the Office for National Statistics (ONS) has found that one in seven companies in the UK fears the risk of collapse in the next three months. The bulletin released by the ONS found that 7 percent of businesses, across all industries, expect to close a business site temporarily or permanently in the next two weeks.

 


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