All Banking & financing articles – Page 5
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AnalysisConviviality: 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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NewsUpdated: 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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NewsHouse 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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NewsConviviality 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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NewsNew 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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NewsMothercare lenders defer covenant testing
Mothercare’s lenders have agreed to defer covenant testing as it scrambles to secure additional sources of financing.
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NewsMade.com secures £40m investment as sales spike
Made.com has secured £40m of fresh investment to accelerate its European expansion after registering a climb in full-year sales.
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OpinionOpinion: Is the economy losing momentum?
Recent news about the economy points to a potential downturn. Economist Paul Hollingsworth looks into whether the picture is really so bleak
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NewsPoundland hunted by private equity as Bond eyes buyout
Poundland is being circled by a host of private equity firms amid boss Andy Bond mulling a potential management buyout.
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NewsThe Range founder eyes £2bn listing for discount chain
The Range’s founder Chris Dawson is in talks with investment banks about a £2bn London flotation of the value retailer he founded 30 years ago.
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NewsPoundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
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NewsHouseholds squeezed as inflation hits six-year high
The squeeze on household income intensified in November, when inflation hit a six-year high.
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NewsHouse of Fraser and New Look hit by credit downgrade
House of Fraser and New Look have had their credit ratings downgraded by investor agency Moody’s following erratic trading.
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OpinionOpinion: Surviving 2018 will require vision and courage
No one will be sorry to see the back of 2017. It’s been the toughest year I have ever seen and I’ve yet to meet a senior retailer who would disagree.
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AnalysisDigital-first M&S and Christmas doubts
Words and numbers, December 8 2017: Patrick Bousquet on M&S’ digital strategy, Cyber Monday slumps, Black Friday’s online returns and the Co-op/Costcutter supply deal.
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AnalysisInfographic: Harrods' revamp costs and Tesco-Booker
Words and numbers, December 1, 2017: Harrods store revamp costs, Andy Clarke on Tesco-Booker, plus Sports Direct’s mooted £11m payment, John Lewis, and Neon Sheep.
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NewsMaplin bids to calm credit insurer concern after cover cut
Maplin is seeking to reassure suppliers about its financial health after credit insurers cut coverage of the electricals retailer.
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AnalysisInfographic: Christmas ad costs and Pre-tax profits
Words and numbers, November 17, 2017: John Lewis’ Christmas ad cost, Archie Norman on M&S’ new focus, plus Mary Portas’ failed high street campaign, and New Look.
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AnalysisInfographic: Interest rates and Arcadia redundancies
Words and numbers, November 10, 2017: New Asda boss, Roger Burnley, Footasylum’s first day on the stock exchange, the Bank of England’s interest rate rise, Arcadia redundancies and Christopher Bailey on leaving Burberry
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NewsBrightHouse bondholders close in on takeover deal
A consortium of BrightHouse’s bondholders is reportedly working towards a debt-for-equity deal for the struggling business.