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The Latest Breaking News from Michael Murray

City braces for sharp hike in UK interest rates; Roubini predicts ‘long, ugly’ recession – as it happened

Money markets suggest the Bank of England could raise rates from 1.75% to 2.5% this week, and 3.75% by end of 2022, as policymakers try to get to grips with soaring inflation

The Guardian - UK

Mike Ashley to stand down from Frasers board

Company includes Sports Direct, House of Fraser and Jack Wills high street brands

Evening Standard

Mike Ashley to step down from Frasers Group board

Retail tycoon to remain as the controlling shareholder of Sports Direct and House of Fraser owner

The Guardian - UK

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Fraser's chief Mike Ashley set to step down

Group owner is also planning to back the business with around £100m of funding

Insider UK

Mike Ashley’s retail empire poised for FTSE 100 return

Frasers Group to take up slot vacated by defence firm Meggitt, which was bought by US rival

The Guardian - UK

Frasers Group reveals plans for trio of flagship Flannels stores

Huge new stores with more than 80,000 sqft of shopping space will open in the North East, Leeds and Cardiff

Birmingham Post

Mike Ashley's Frasers Group hails strong profits but warns over cost of living

The firm is now run by new CEO Michael Murray after Mr Ashley stepped back into an executive director role

Birmingham Post

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Mike Ashley’s Frasers Group plans more stores as profits soar

CEO Michael Murray says shoppers have returned to high street but prices likely to rise due to construction costs

The Guardian - UK

Mike Ashley’s Frasers Group delivers profit surge but warns over cost of living

Sports Direct’s parent business hailed a strong performance despite a ‘significant increase’ in running costs.

The Independent UK

Mike Ashley’s Frasers Group buys Missguided out of administration

The deal, worth around £20m, will see the fast fashion retailer continued to be operated by administrators for around eight weeks

Insider UK

Mike Ashley's Frasers Group buys Missguided out of administration in £20 million deal

The deal comes after Missguided collapsed into administration on Monday.

Daily Record

Sports Direct to open 10 new flagship stores as Mike Ashley steps down

Michael Murray has replaced billionaire Mike Ashley - his future father-in-law - as chief executive of Frasers Group, which owns Sports Direct. In his first interview in his job, he details his plans for the retail empire

Daily Mirror

‘A more acceptable Mike Ashley’: Sports Direct’s owner gets a new boss

Rising star Michael Murray will make a fortune if he can deal with the major challenges facing retailing group Frasers

The Guardian - UK

I had to keep my sources secret, or the Birmingham Six might still be in jail

My investigation was overwhelmingly in the public interest, says former MP Chris Mullin

The Guardian - UK

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ABC News

Cotton growers set for record-breaking $3.5b crop, despite market collapse with China

This year's cotton crop is tipped to reach an eye-watering and unprecedented value of $3.5 billion, the second-largest in Australian history.

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