All Banking & financing articles – Page 5
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NewsHouse of Fraser and New Look hit by credit downgrade
House of Fraser and New Look have had their credit ratings downgraded by investor agency Moody’s following erratic trading.
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OpinionOpinion: Surviving 2018 will require vision and courage
No one will be sorry to see the back of 2017. It’s been the toughest year I have ever seen and I’ve yet to meet a senior retailer who would disagree.
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AnalysisDigital-first M&S and Christmas doubts
Words and numbers, December 8 2017: Patrick Bousquet on M&S’ digital strategy, Cyber Monday slumps, Black Friday’s online returns and the Co-op/Costcutter supply deal.
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AnalysisInfographic: Harrods' revamp costs and Tesco-Booker
Words and numbers, December 1, 2017: Harrods store revamp costs, Andy Clarke on Tesco-Booker, plus Sports Direct’s mooted £11m payment, John Lewis, and Neon Sheep.
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NewsMaplin bids to calm credit insurer concern after cover cut
Maplin is seeking to reassure suppliers about its financial health after credit insurers cut coverage of the electricals retailer.
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AnalysisInfographic: Christmas ad costs and Pre-tax profits
Words and numbers, November 17, 2017: John Lewis’ Christmas ad cost, Archie Norman on M&S’ new focus, plus Mary Portas’ failed high street campaign, and New Look.
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AnalysisInfographic: Interest rates and Arcadia redundancies
Words and numbers, November 10, 2017: New Asda boss, Roger Burnley, Footasylum’s first day on the stock exchange, the Bank of England’s interest rate rise, Arcadia redundancies and Christopher Bailey on leaving Burberry
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NewsBrightHouse bondholders close in on takeover deal
A consortium of BrightHouse’s bondholders is reportedly working towards a debt-for-equity deal for the struggling business.
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NewsToys R Us hires lawyers to explore US restructuring
Toys R Us in the US has hired lawyers to explore restructuring options ranging from bankruptcy to raising financing and restructuring debt.
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NewsSports Direct investors desert Ashley-owned firm
Sports Direct’s independent investors are deserting it, as some suspect the retailer may never resolve its corporate governance crisis.
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AnalysisRoundtable: Invest despite Brexit woes, say retailers
Regaining shopper trust and investing in staff and skills should be top of the agenda for retailers as we prepare for a post-Brexit future.
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NewsN Brown suffers £40m setback over insurance products
N Brown has warned it will incur up to £40m in exceptional costs this year after unearthing “flaws” in general insurance products it previously sold.
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NewsChinese healthcare firm in last-minute Body Shop bid
A Chinese healthcare company is considering making a late bid for the Body Shop, which has been put up for sale by its French owner L’Oréal.
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OpinionComment: OpCapita has questions to answer over Comet's demise
Halloween was an unfortunate but fit setting for the grim tidings that Comet has fallen into administration.
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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AnalysisCredit insurance: What do retailers need to know?
Difficulty in getting credit insurance is understood to have played a key role in Comet’s decision to file a notice of intent to hire an administrator this week. Retail Week takes a look at the issues around credit insurance.
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NewsCredit insurer will not extend cover for UK retail sector
Europe’s biggest trade credit insurance company Euler Hermes has said it will not extend levels of cover to the UK retail sector.
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NewsComet schedules meeting with trade credit insurers
Comet is set to meet with trade credit insurers next week as the electricals retailer tries to determine whether they will carry on offering cover to its suppliers once the business is sold to OpCapita next month.
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NewsCredit insurers put value clothing retailers on watch list
Value clothing retailers are coming under increasing scrutiny from credit insurers as trading conditions remain tough.
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NewsPoundworld’s credit insurance pulled despite 500% profit rise
Discount chain highlights continued performance and supplier support as Euler Hermes stops cover