All Banking & financing articles – Page 6
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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
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NewsCredit insurers pay out to Superquinn suppliers
Suppliers to Superquinn who lost out when it was placed in receivership last month are set to be recoup monies from credit insurance policies.
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NewsCredit insurer cuts Dreams' supplier cover
Suppliers to beds specialist Dreams have had credit insurance withdrawn by Euler Hermes.
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NewsCredit insurers vow not to pull plug on retailers
Insurers insist there won’t be a repeat of the withdrawal of cover despite HMV’s woes
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NewsHMV credit insurance under review
UPDATED: HMV Group has confirmed that credit insurers are reviewing the level of cover they provide to the retailer.
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NewsTop credit insurer to give retailers notice of future cover reductions
Credit insurance giant Euler Hermes has altered its ratings procedure to give retailers and suppliers the chance to challenge any decisions to reduce cover.
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NewsTrade credit insurer demands more transparency
Credit insurer Coface is demanding more transparency from businesses in return for trade credit insurance.
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NewsRetailers to benefit as credit insurer Atradius increases cover
Atradius, one of the leading credit insurance firms, is to increase cover to UK companies.
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News
Industry slams credit insurance top-up scheme
Most retailers say the Government’s credit insurance top-up scheme has not helped their business, while one of the biggest insurers admitted the scheme had not been as effective as hoped.
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NewsRetailers call for trade credit insurance top-up to be extended
About 38% of large retailers and 28% of small and medium-sized retailers have said that the reduction or withdrawal of credit insurance has negatively impacted their businesses and want the trade top-up scheme extended beyond the end of this year.
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NewsLuke Johnson lambasts credit insurer ‘oligopoly’
Entrepreneur Luke Johnson has labelled credit insurers an “oligopoly”, citing their “en masse” withdrawal or reduction of coverage to the retail sector.
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NewsGovernment amends credit insurance top-up scheme again
The Government has cut the price of its credit insurance top-up scheme and doubled the amount it is prepared to underwrite.
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AnalysisDoes David Cameron think retail?
Many retailers are disillusioned with Labour rule in the downturn but would a Conservative government led by David Cameron really be the answer to their woes?