All City & finance articles – Page 116
-
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.
-
AnalysisAnalysis: Five qualities fashion retailers will need to survive the coronavirus crisis
Of all the categories of retail that have suffered from the coronavirus pandemic, fashion has arguably been hit the hardest. Retail Week looks at five key considerations that will see fashion retailers through to the other side.
-
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.
-
AnalysisThe Big Question: Can department stores survive coronavirus crisis?
As Debenhams tumbles into administration for the second time in a year and Fenwick makes sweeping leadership changes, Retail Week asks industry experts for their view on whether department stores can survive the coronavirus crisis.
-
AnalysisAnalysis: How coronavirus is really impacting Tesco
Tesco unveiled its full-year results today, but another stellar 12 months of profit and margin gains played second fiddle to its ongoing response to the coronavirus crisis.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.
-
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.