All Banking & financing articles – Page 5
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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.
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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.