Mike Ashley’s retail empire is returning to the FTSE 100 after a six-year hiatus after the sale of a defence firm creates an opening for Frasers Group in the leading City share index.
Frasers, which owns a host of high street brands including Sports Direct and House of Fraser, is poised to rejoin the index on Tuesday, taking up the slot vacated by Meggitt, which has been bought by a US defence rival, Parker Hannifin.
