All Banking & financing articles – Page 4
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NewsHouse of Fraser lenders grant extension on loans
House of Fraser’s lenders have agreed to extend its loans, giving it more time to get its restructuring proposals in order.
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NewsPwC fined £6.5m over BHS audit
The accountancy firm responsible for auditing BHS’ accounts ahead of its controversial £1 sale and subsequent collapse has fined a record £6.5m.
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NewsCarpetright secures £60m lifeline through share issue
Carpetright has secured the £60m it needs to fund its CVA and restructuring costs via a share issue.
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NewsMothercare swings to massive loss in full-year
Mothercare swung to a loss last year as sales shrank during a catastrophic period for the retailer.
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NewsShop Direct leaves City £55m out of pocket
Investors in Shop Direct have taken a hit after fears of a consumer credit crackdown triggered a sell-off in the company’s debt.
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NewsMothercare to seek fresh investment for rescue plan
Mothercare is set to tap up investors to bolster its restructuring plan with the launch of equity share placing alongside its full-year results this week.
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OpinionOpinion: Has your business got enough fuel in the tank?
Just as a car requires its fuel, cash and funding represent the lifeblood of a retailer’s engine; run out and you’ll come to a grinding halt.
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NewsDeflation reaches deepest level since February 2017
Shop price deflation accelerated in March, reaching its deepest level in more than a year.
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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.