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FTSE 100 Closes Thursday Down 0.23% as Soaring -2-

12/08/2022 | 12:04pm EST

1225 GMT - Frasers's shares are down 9.7%, becoming Thursday's worst performer on the FTSE 100 as its comments about uncertainties regarding macroeconomic challenges could be weighing on investors sentiment, head of investment at Interactive Investor Victoria Scholar says in a note. However, the U.K. sports-fashion company's strategy of key partnerships with strong brands seems to be positioning Frasers as one of the winners in a struggling sector, she notes. "Although Frasers group's shares had a difficult first half of the year, since mid-October when investor risk appetite returned, shares have staged an impressive surge of almost 50% off the intraday lows," Scholar highlights. On a year-to-date basis, Frasers shares are up 4.8%. (michael.susin@wsj.com)


Contact: London NewsPlus, Dow Jones Newswires;


(END) Dow Jones Newswires

12-08-22 1203ET

Stocks mentioned in the article
ChangeLast1st jan.
FRASERS GROUP PLC -0.01% 758.93 Delayed Quote.6.90%
FTSE 100 0.01% 7758.53 Delayed Quote.4.15%
MSCI UNITED KINGDOM (STRD) 0.19% 1146.2 Real-time Quote.6.21%
S&P UNITED KINGDOM (PDS) 0.04% 1577.25 Real-time Quote.3.54%
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