Frasers logo

FRAS - Frasers News Story

593.5p 16.5  2.9%

Last Trade - 10:05am

Consumer Cyclicals
Large Cap
Market Cap £2.99bn
Enterprise Value £3.98bn
Revenue £3.81bn
Position in Universe 248th / 1826

PRESS DIGEST-British Business - Feb 24

Wed 24th February, 2021 1:23am
BENGALURU, Feb 24 (Reuters) - The following are the top
stories on the business pages of British newspapers. Reuters has
not verified these stories and does not vouch for their
    The Times
    - HSBC  HSBA.L  will nearly halve its office space in the
coming years in one of the most radical calls on working trends
in the wake of the global pandemic.
    - Britain's finance minister Rishi Sunak is preparing to
extend the stamp duty holiday by three months until the end of
June in an attempt to keep the property market firing as Britain
emerges from lockdown.
    The Guardian
    - Unemployment in Britain edged higher to 5.1% in December
as the government's furlough scheme continued to prevent a steep
rise in job losses in the run-up to Christmas.
    - Frasers Group  FRAS.L  expects to take a hit of more than
100 million pounds ($141.69 million) after the government said
non-essential retailers in England would have to wait until
April 12 at the earliest to reopen.

    The Telegraph
    - HSBC  HSBA.L  is poised to axe 40% of its offices around
the world in a major blow to city centres as the COVID-19 crisis
ushers in a new era of flexible working.
    - Women now hold one in three board positions at the
Britain's 350 largest listed companies in a major milestone for
City equality.
    Sky News
    - Rates of pay growth in Britain are running at their
highest level since 2008, according to official figures which
also show "early signs" of stabilisation for payrolled
employment despite the continuing coronavirus pandemic.
    - Britain has agreed to give the European Union more time to
approve the Brexit trade deal struck between the two sides.
    The Independent
    - HSBC is expected to cut jobs and will resume paying
dividends despite the bank's pre-tax profits slumping by just
over one-third in 2020.   

($1 = 0.7058 pounds)

 (Compiled by Bengaluru newsroom)
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.