Latest finance news – Page 178
-
NewsCath Kidston to shut UK stores in pre-pack deal
Fashion retailer Cath Kidston’s 60 UK stores are likely to be closed and the business will focus on trading online and wholesale.
-
NewsHalfords transfers 11 Cycle Republic stores to Pure Electric
Halfords has agreed to transfer the ownership of half of Cycle Republic stores to specialist retailer Pure Electric, saving 85 jobs.
-
NewsRetailers and landlords call on government to underwrite retail rents
Retailers and landlords have written to the chancellor pleading for help with rents, saying the future of the high street will be decided in “weeks rather than years”.
-
NewsDFS in ‘advanced stages’ of financing discussions as it mulls equity raise
DFS has said it is in “advanced stages” of negotiation with lenders over additional financing and is mulling the possibility of an equity raise as it battles to ride out the coronavirus storm.
-
NewsDebenhams strikes deal with landlords to keep most stores open
Debenhams has agreed on terms with landlords that will enable most of its stores to carry on trading following the department store group’s administration last week.
-
NewsGousto secures £33m investment as coronavirus boosts sales
Recipe box firm Gousto has secured £33m in new funding from investors as the coronavirus lockdown has seen a growth in the meal-kit market.
-
NewsGovernment expands loan scheme as lockdown extended for three weeks
The Treasury has said businesses that turnover more than £500m will now be able to apply for government-backed support as it extended the coronavirus lockdown by at least three weeks.
-
NewsTM Lewin owner seeks buyers amid coronavirus store closures
The private equity owner of men’s shirt specialist TM Lewin has put the retailer up for sale despite its store estate being closed due to the coronavirus pandemic.
-
NewsOasis and Warehouse tipped into administration by pandemic
Fashion retailer Oasis and sister business Warehouse have collapsed into administration as the coronavirus outbreak pushed them over the edge.
-
NewsOasis and Warehouse on brink of collapse with 2,300 jobs at risk
Fashion retailer Oasis and Warehouse is on the brink of collapse putting 2,300 jobs at risk due to the ongoing coronavirus outbreak.
-
NewsGovernment plots fresh overhaul of emergency coronavirus loans
The government is preparing a fresh overhaul of the emergency loan packages on offer for larger businesses battling to survive the coronavirus pandemic.
-
NewsDebenhams liquidates Irish arm as it appoints administrators
Ailing department store chain Debenhams has appointed administrators for the second time in 12 months and has liquidated its Irish business.
-
NewsGreggs raises £150m through government coronavirus finance scheme
Greggs has accessed £150m in new finances to help see it through the ongoing coronavirus pandemic via the government’s corporate financing scheme.
-
NewsGreen to borrow against distribution centre as Arcadia seeks £50m
Arcadia owner Sir Philip Green wants to borrow £50m against one of his fashion group’s new distribution centres as his stable of brands fights for survival.
-
NewsNaked Wines sales to exceed £200m as lockdowns raise demand
Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand from new and repeat customers under lockdown because of coronavirus.
-
NewsAsos profits jump as it orders £200m equity raise to cope with coronavirus
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.
-
NewsTesco full-year profits rise as it incurs ‘significant’ coronavirus costs
Tesco has warned that the impact of coronavirus could cost its business as much as £925m as the grocer posts uplifts in full-year profits and UK sales.
-
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.
-
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.
-
NewsDebenhams intends to appoint administrators
Debenhams has filed a notice of intention to appoint administrators in a bid to protect the business from liquidation.