All Banking & financing articles – Page 3
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News
DFS in ‘advanced stages’ of financing discussions as it mulls equity raise
DFS has said it is in “advanced stages” of negotiation with lenders over additional financing and is mulling the possibility of an equity raise as it battles to ride out the coronavirus storm.
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News
Laura Ashley to ‘consider options’ in scramble to secure funds
Laura Ashley has admitted it will “consider all appropriate options” if it cannot strike a deal to borrow additional cash from its lenders.
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News
The Hut Group secures loan to invest in digital strategy
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
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News
Ex-Sainsbury’s boss urges VAT increase to save high street
Former Sainsbury’s chief executive Justin King has said business rates for retailers should be halved and VAT increased to 22% in a bid to save the flagging high street.
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Retail Voice
Five requirements for today’s retail finance teams
Sage offers its take on how finance departments can help retailers unlock success in the face of technological advancements
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Analysis
Analysis: How retailers can avoid a pounding from a weak sterling
After sterling slumped to a two-year low as the threat of a no-deal Brexit looms ever larger, Retail Week analyses what retailers can do to mitigate the pain of a weak pound.
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Analysis
Is Boots boss Seb James right to be worried about a recession?
Boots boss Seb James has predicted a recession is on its way, but are his fears of an economic downturn well grounded?
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News
New Look completes debt restructure
New Look has completed its restructuring, slashing its debt to enable it to invest in its turnaround strategy.
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News
Sports Direct offers Debenhams £150m loan lifeline
Sports Direct has offered to bail out Debenhams with a £150m loan in exchange for additional equity in the business.
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News
New Look strikes deal to slash £1.3bn debt pile
New Look has struck a debt-for-equity deal with a group of key stakeholders in a bid to shore up its balance sheet.
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Retail Voice
When it comes to investment we’re all in it together
Profit warnings from leading etailers demonstrate the battle doesn't just lie in online v physical, but in challenges faced by the industry as a whole.
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Opinion
Richard Hyman: The Black Friday drug is killing retailers
Black Friday kicks off the last lap in the trading year.
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News
Homebase secures £95m loan to finance turnaround
Homebase has secured a war chest to help finance its turnaround plans.
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News
House of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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News
Debenhams denies cash crisis after credit insurance cut
Debenhams has insisted it is in a “healthy” financial position despite suffering a cut to its credit insurance.
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News
House of Fraser lenders grant extension on loans
House of Fraser’s lenders have agreed to extend its loans, giving it more time to get its restructuring proposals in order.
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News
PwC fined £6.5m over BHS audit
The accountancy firm responsible for auditing BHS’ accounts ahead of its controversial £1 sale and subsequent collapse has fined a record £6.5m.
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News
Carpetright secures £60m lifeline through share issue
Carpetright has secured the £60m it needs to fund its CVA and restructuring costs via a share issue.
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News
Mothercare swings to massive loss in full-year
Mothercare swung to a loss last year as sales shrank during a catastrophic period for the retailer.
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News
Shop Direct leaves City £55m out of pocket
Investors in Shop Direct have taken a hit after fears of a consumer credit crackdown triggered a sell-off in the company’s debt.