All City & finance articles – Page 147
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NewsWHSmith raises £165m through share placing amid coronavirus crisis
WHSmith has successfully raised more than £165m to shore up its balance sheet amid the current ongoing health crisis.
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NewsClarks to permanently close some UK stores as it mulls new financing options
Struggling footwear specialist Clarks has drawn up plans to permanently close some of its stores after drafting in bankers to review its finances.
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NewsDebenhams intends to appoint administrators
Debenhams has filed a notice of intention to appoint administrators in a bid to protect the business from liquidation.
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NewsCoronavirus: Arcadia store closures loom as Cath Kidston and Debenhams teeter on brink
Topshop owner Arcadia is likely to close many more shops as it reels under the blow of the coronavirus pandemic.
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NewsWHSmith launches equity fundraising to beat coronavirus downturn
WHSmith plans to raise cash through an equity issue as it battles the business impact of the coronavirus outbreak.
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OpinionOpinion: Fenwick leadership changes are a huge roll of the dice
Department store group Fenwick is taking a risk as it parts company with both chair Richard Pennycook and chief executive Robbie Feather.
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NewsDebenhams puts administrators on standby amid coronavirus disruption
Debenhams stakeholders are understood to be preparing to place the department store chain into administration as soon as next week.
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NewsGovernment revamps emergency business loan scheme after criticism
The government has revamped its emergency loan scheme by extending provisions for larger companies and imposing new rules on lenders to make loans easier to access for smaller businesses.
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NewsWalmart pauses Asda sale during coronavirus crisis
Walmart has shelved efforts to sell a majority stake in Asda so it can focus on running the business during the coronavirus pandemic.
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NewsCoronavirus: Primark execs take pay cuts as Joules raises £15m
Executives at Primark and its parent company Associated British Foods (ABF) have slashed their pay in half amid the ongoing coronavirus crisis.
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OpinionMove of the Week: Ted Baker’s new boss faces its toughest ever test
It is testament to the job Rachel Osborne has done under the most difficult of circumstances that the former Debenhams finance chief has been trusted to lead Ted Baker through the toughest period in its history.
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NewsArcadia furloughs staff as senior team take pay cuts
Arcadia has said it will furlough “a substantial number” of staff, and its board and senior leadership team will take salary reductions as it battles to deal with the fallout from the ongoing coronavirus crisis.
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NewsBoots profits slide as owner Walgreens cautions on coronavirus impact
Boots has suffered a slump in profit during the first half of its financial year, following a fall in sales and increased technology investments.
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OpinionThe Secret Retailer: We are hurtling towards unimaginable social and economic crisis
In the latest in our series of columns from a ‘secret retailer’, one chief executive warns chancellor Rishi Sunak of the stark reality their business faces without access to one of the government’s coronavirus support loans.
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NewsPets at Home profits will beat guidance, but cautions on year to come
Pets at Home will post earnings just ahead of expectations for the financial year just ended but sales in the next year are likely to be hit by the coronavirus pandemic.
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OpinionOpinion: Coronavirus outbreak will drive investment in new directions
The coronavirus outbreak is first and foremost a human tragedy that will have a profound impact on the global economy.
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NewsLaura Ashley administrators make redundancies and furlough staff
The administrators in charge of winding down Laura Ashley announced overnight they had made more than 200 redundancies and placed the retailer’s remaining store staff on furlough.
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NewsJD Sports withholds all rent and service charges for the quarter
JD Sports did not pay any rents or service charges across its store estate for the second quarter of the year and is in discussions with its landlords about the rents due in June.
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NewsArcadia defers pension payments and cancels supplier orders
Topshop parent company Arcadia has launched a series of measures to cut down on costs amid the coronavirus crisis, including deferring payment into its pension scheme.
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NewsConsumer confidence takes a hit as coronavirus fears heighten
Consumer confidence dropped by two points this month as the effects of the coronavirus pandemic began to take hold.