All Banking & financing articles – Page 3
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NewsNew 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.
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News
Mothercare to seek fresh investment for rescue plan
Mothercare is set to tap up investors to bolster its restructuring plan with the launch of equity share placing alongside its full-year results this week.
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Opinion
Opinion: Has your business got enough fuel in the tank?
Just as a car requires its fuel, cash and funding represent the lifeblood of a retailer’s engine; run out and you’ll come to a grinding halt.
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News
Deflation reaches deepest level since February 2017
Shop price deflation accelerated in March, reaching its deepest level in more than a year.
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Analysis
Conviviality: The inside story of its dramatic collapse
As remarkable as it sounds given the benefit of hindsight, at the beginning of the year Conviviality was one of the darlings of the City.
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News
Updated: Conviviality to enter administration
Conviviality intends to appoint administrators within 10 business days after failing to raise the £125m it needed to secure its future.
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News
House of Fraser in talks over £40m emergency funding
House of Fraser has held talks with specialist lenders in a bid to secure emergency funding as it faces into difficult trading conditions.
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News
Conviviality warns on profits as it seeks £125m funding
Bargain Booze owner Conviviality has kicked off a £125m fundraising round to “recapitalise” the business and warned that without additional investment it could collapse.
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News
New Look CVA approved, 60 stores to close
New Look’s landlords have approved its Company Voluntary Arrangement, paving the way for the retailer to shutter 60 stores.
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News
Mothercare lenders defer covenant testing
Mothercare’s lenders have agreed to defer covenant testing as it scrambles to secure additional sources of financing.
