Mike Ashley’s Frasers Group has seen profit jump as it pursues a turnaround, driven by its recent spree of takeover bids for rival retailers.

Mike Ashley’s Frasers Group has gatecrashed the sales process for Harvey Nichols, defying initial objections from some of its brands.

Mike Ashley’s Frasers Group has seen profit jump as it pursues a turnaround, driven by its recent spree of takeover bids for rival retailers.