All Banking & financing articles
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NewsBarclays acquires Tesco Bank in £600m deal
Barclays has today confirmed it will acquire Tesco Bank in a £600m deal, which will see the bank take on the grocery giant’s 2,800 employees working across banking products.
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Opinion‘Big changes at Sainsbury's hint at next strategic phase’
As Sainsbury’s prepares for a strategy update to the City at the start of next month, some big developments hint at what may be expected
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Retail VoiceThe five biggest trends in payments for retail
Letting your customers pay the way they want to should be top of the agenda for retailers, says Elavon’s Michael Bosshammer as he takes a look at the biggest payment movements right now
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NewsKidly turns to the crowd to raise cash for own-label range
Kidly has launched a crowdfunding campaign to invest in its own-brand range.
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NewsRetailers reassure on financing following Silicon Valley Bank collapse
Retailers have reassured investors that operations and trading will be unaffected by the crisis at Silicon Valley Bank’s UK arm.
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NewsWilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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NewsSuperdry secures £80m lifeline before end-of-year deadline
Fashion retailer Superdry has secured a new £80m loan facility ahead of a January deadline, but warned of “extremely challenging” market conditions.
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NewsTop credit insurer trims cover for THG suppliers
THG has become one of the latest retailers to reportedly see a reduction in the level of cover provided to its suppliers by one of the UK’s largest credit insurers.
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AnalysisAnalysis: How are retailers mitigating the downfall of the pound?
What does a weakened pound mean for UK retailers? Who is feeling the pinch most? And what can they do to mitigate the problem?
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Opinion‘The retail sector isn’t doomed, but 2023 will be a tough year’
While UK retail is facing historic pressures, the current environment is also throwing up opportunities for business. David Maddison from HSBC gives a banker’s view on the health of the sector
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Retail VoiceThree reasons why Pay by Bank can help win customers
Can the way in which a customer pays really enhance the customer experience and drive real value for the retailer at the same time? fumopay’s Kevin Ludford believes it can.
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsTHG and Softbank scrap $1.6bn investment deal
A call option agreement for a division of Japanese investment titan Softbank to acquire a $1.6bn (£1.3bn) stake in THG’s Ingenuity division has been terminated.
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NewsAO launches £40m share placing after insurer cuts cover
Pureplay electricals giant AO is aiming to raise £40m through a share placing weeks after its credit insurance for suppliers was cut.
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NewsGousto wins new investment valuing it at almost $2bn
Recipe box specialist Gousto has raised $150m (£111m) to finance expansion in the developing direct-to-consumer market.
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NewsGymshark eyes potential IPO as valuation soars
Gymshark founder Ben Francis and the brand’s private equity backers have started talks with banks and investors in advance of a potential IPO.
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AnalysisRetail’s shapeshifters: Delighting customers by extending the brand experience
Retailers and brands that offer an immersive experience, and do it well, are what we refer to in this whitepaper as Retail Shapeshifters.
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NewsAdidas sells Reebok to Authentic Brands Group for $2.5bn
Adidas will sell the Reebok brand to American brand development, marketing and entertainment company Authentic Brands Group (ABG) following a decision earlier this year to focus on its core brand.
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NewsTesco Bank to close all customer current accounts later in the year
Tesco Bank is closing all of its customer current accounts from the end of November and will write to those affected in the next two weeks to advise them on what to do.
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AnalysisAnalysis: How rising inflation will affect retailers over the next six months
The Bank of England has forecast that inflation will climb as high as 3% by the end of 2021. Retail Week looks at what that means for customers and for retailers