Frasers at two-year low as Mike Ashley hits back at Boohoo in spat
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Frasers Group shares hit a two-year low as their attempt to gain board seats at Boohoo faces opposition from proxy advisor ISS, which supports Boohoo's stance against Frasers.
December 09, 2024 | 11:00 am
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NEGATIVE IMPACT
Frasers Group shares fell to a two-year low due to opposition from ISS against their attempt to gain board seats at Boohoo.
The drop in Frasers Group's share price is directly linked to the negative sentiment from ISS's support for Boohoo, which undermines Frasers' strategic move to gain influence in Boohoo.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80