Latest finance news – Page 170
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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.
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NewsDebenhams liquidates Irish arm as it appoints administrators
Ailing department store chain Debenhams has appointed administrators for the second time in 12 months and has liquidated its Irish business.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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NewsDebenhams intends to appoint administrators
Debenhams has filed a notice of intention to appoint administrators in a bid to protect the business from liquidation.
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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.
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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.
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NewsConsumer confidence drastically decreased due to coronavirus
New research for the middle of March shows a drastic drop in consumer confidence due to the coronavirus pandemic.
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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.
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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.
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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.
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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.
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NewsArcadia furloughs staff as senior team take pay cuts
Arcadia has said it will furlough “a substantial number” of staff, and its board and senior leadership team will take salary reductions as it battles to deal with the fallout from the ongoing coronavirus crisis.
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NewsBoots profits slide as owner Walgreens cautions on coronavirus impact
Boots has suffered a slump in profit during the first half of its financial year, following a fall in sales and increased technology investments.
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NewsPets at Home profits will beat guidance, but cautions on year to come
Pets at Home will post earnings just ahead of expectations for the financial year just ended but sales in the next year are likely to be hit by the coronavirus pandemic.