Frasers Group withdraws its outlook for fiscal 2021 on new COVID-19 restrictions

Frasers Group plc (LON: FRAS) said on Monday that it was withdrawing its forecast for fiscal 2021 as the government imposed new restrictions to combat the 2nd wave of the Coronavirus pandemic. The COVID-19 crisis has so far infected 200 thousand people in the United Kingdom and caused over 67 thousand deaths. All of its stores, Billionaire Mike Ashley’s company said on Monday, were pushed into temporarily shutting down in London due to the new restrictions. Several of its stores in other parts of England were also closed to combat the ongoing pandemic. Frasers had forecast up to 30% annualised