All Banking & financing articles – Page 6
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NewsLuke Johnson lambasts credit insurer ‘oligopoly’
Entrepreneur Luke Johnson has labelled credit insurers an “oligopoly”, citing their “en masse” withdrawal or reduction of coverage to the retail sector.
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NewsGovernment amends credit insurance top-up scheme again
The Government has cut the price of its credit insurance top-up scheme and doubled the amount it is prepared to underwrite.
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AnalysisDoes David Cameron think retail?
Many retailers are disillusioned with Labour rule in the downturn but would a Conservative government led by David Cameron really be the answer to their woes?
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NewsHome Retail Group sounds alarm on credit insurance risks
Argos and Homebase parent Home Retail Group has written to its suppliers urging them not to do business with retailers that have had their credit insurance removed.
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NewsGovernment thinks again as credit insurance scheme fails
The Government is reassessing its credit insurance top-up scheme as it emerged only a handful of businesses have taken up the scheme.
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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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NewsGovernment 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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NewsChancellor 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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NewsBRC 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 retailers believe ...
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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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NewsCredit 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.