Business & Investment

BUSINESS LIVE: Mike Ashley is poised to resign as Chairman of the Fraser’s Group

BUSINESS LIVE: Ashley is ready to resign as Fraser’s boss. Taylor Winpay builds a record number of new homes. Legal & General expects profit to exceed £ 1bn

On Tuesday night, it was revealed that Frasers Group CEO Mike Ashley would take the helm.

According to The Telegraph, Ashley will be Vice Chairman of the Retailers Group, and soon his son-in-law will be chairman.

Housebuilder Taylor Wimpey has seen a surge in revenue in the last six months after building a record number of new homes.

The group completed approximately 7,303 homes in the six months to July 4, up from 2,771 in the year-ago quarter.

Record performance in the first half was partly due to delays in housing construction that hit the completion of the fourth quarter.

London-based asset managers saw operating profit in the first half of the year increase from £ 946m to £ 1bn in the year-ago quarter.

“We are confident in the collective and successful emergence of the pandemic,” said Legal & General Group.

advertisement

BUSINESS LIVE: Mike Ashley is poised to resign as Chairman of the Fraser’s Group

https://www.dailymail.co.uk/money/markets/article-9859431/BUSINESS-LIVE-Mike-Ashley-poised-quit-chairman-Frasers-Group.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 BUSINESS LIVE: Mike Ashley is poised to resign as Chairman of the Fraser’s Group

Back to top button