Frasers Group PLC (ZVX.SG)
| Previous close | 9.40 |
| Open | 9.06 |
| Bid | 9.10 x 5000000 |
| Ask | 9.86 x 5000000 |
| Day's range | 9.06 - 9.09 |
| 52-week range | 7.34 - 10.73 |
| Volume | |
| Avg. volume | 0 |
| Market cap | N/A |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | 15 Jul 2024 - 19 Jul 2024 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
ReutersMorgan Stanley, Frasers settle UK lawsuit over $1 billion margin call
British retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – security to cover possible losses – on the retailer's trading position in German fashion group Hugo Boss in May 2021. Ashley, whose fortune is estimated by Forbes to be worth $5.1 billion, gave evidence at the trial at London's High Court in February that the demand for collateral left him in "total shock".
- Reuters
Morgan Stanley, Frasers settle UK lawsuit over $1 bln margin call
British retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – security to cover possible losses – on the retailer's trading position in German fashion group Hugo Boss in May 2021. Ashley, whose fortune is estimated by Forbes to be worth $5.1 billion, gave evidence at the trial at London's High Court in February that the demand for collateral left him in "total shock".
The TelegraphMike Ashley seals peace deal with Morgan Stanley over ‘snobbery’ claims
The Frasers billionaire Mike Ashley has ended his legal attack on Morgan Stanley over claims “snobbery” was behind a $1bn cash demand that threatened to destabilise his empire.
