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Frasers has blamed the Budget after profit warning
Frasers Group has this morning issued a profit warning, blaming the Budget and recent tough trading conditions for the £50m hit to its bottom line.
In its results for the 26 weeks to October 27, 2024, Frasers said that the rise in employers’ national insurance contributions, combined with weakening customer sentiment, will see its full-year adjusted profit before tax come in between £50m and £60m lower than it had expected.
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