Frasers scraps profit guidance as takeover spree clouds outlook

Frasers Group has withheld its profit guidance for the year ahead as its multibillion-pound pursuit of Hugo Boss and Accent Group creates uncertainty over its financial outlook.
The Sports Direct and Flannels owner said the potential timing and level of acceptances for its two takeover offers could produce “a variety of outcomes”, making it inappropriate to issue guidance for its 2027 financial year. It expects to reassess the position at its half-year results.
The decision came as F