All Banking & financing articles – Page 6
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NewsCredit insurance woe hits stock at Threshers
Threshers owner First Quench Retailing is understood to be sourcing stock from the grey market after its supply chain was interrupted by the reduction of credit insurance to some of its suppliers.
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News
BRC wins concessions on rates and credit insurance
The British Retail Consortium has claimed victories this week in the fights against spiralling business rates and trade credit insurance woes.
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News
Government extends credit insurance relief period
The Government has bowed to business pressure and amended its trade credit insurance top-up scheme revealed in April.
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News
Retailers call for transparency with suppliers and credit insurers
Retailers have called for greater transparency in dealings with suppliers and credit insurers to ensure businesses remain secure during the downturn.
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News
Euler Hermes welcomes credit insurance scheme but criticises banks
Euler Hermes has welcomed the Government’s credit insurance scheme while lambasting banks for not lending.
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News
Budget 2009: Darling’s credit insurance top-up scheme ‘too little, too late’
Updated: Chancellor Alistair Darling has confirmed that the Government will implement a credit insurance top-up scheme, under which it will match insurance offered by the private sector.
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News
Chancellor agrees £5bn deal with largest credit insurers
The Chancellor is expected to deliver some much-needed good news to retailers in his Budget tomorrow revealing a temporary scheme to ensure a £5bn provision for supply chain insurance.
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News
BRC demands credit insurance redress at Budget
Half of large retailers say the reduction or withdrawal of trade credit insurance has undermined their ability to trade. According to the British Retail Consortium’s Credit Conditions Survey, 40 per cent of small and medium-sized retailers also say the reduction or withdrawal has undermined their position. Two thirds of larger ...
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News
Hopes grow for Budget action on credit insurance
Retailers are optimistic of being thrown a lifeline in this month’s Budget as speculation mounts that action on the issue of credit insurance could form part of Chancellor Alistair Darling’s plans.
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Opinion
The credit insurance crunch
Imagine that you got home one day in early February, having trudged your way through the snow, to find a letter from your car insurance company on the doormat.
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News
Credit insurance fury reaches boiling point
Retailers are turning the heat up on the Government to intervene in the credit insurance crisis.
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News
Topps Tiles ‘not shaken’ by insurer
The withdrawal of credit insurance from suppliers to Topps Tiles will not affect trading performance, the retailer’s management insisted.
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News
Credit insurance withdrawn to Topps Tiles suppliers
Specialist retailer Topps Tiles has had credit insurance withdrawn to its suppliers by an unnamed insurer.
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News
Credit insurer withdraws cover to Threshers suppliers
Credit insurer Coface has withdrawn cover for suppliers to First Quench, the parent of wine retailer Threshers.
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News
Office faces loss of supplier credit insurance despite strong trading
Footwear chain Office may become the latest retailer to have supplier credit insurance pulled following the collapse of its stablemate USC.
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News
Peacocks hit by credit insurer
Fashion retailer Peacocks is understood to have become the latest retailer to have some of its credit insurance cut.
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News
Treasury's Paul Myners: No action on retail's credit insurance woes
Financial Services Secretary Lord Myners has rejected a call for action on retailers’ credit insurance difficulties but will monitor developments.
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Opinion
Credit insurers are too powerful
Ever heard of a home insurer that pulled cover if a storm was forecast? Didn’t think so. But that’s the way credit insurers work.
