Latest News | WH Smith is preparing to issue equity in order to secure a £120m lending facility. The move comes as the retailer attempts to mitigate the impact of the coronavirus pandemic.
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Given the fanfare for the announcement of the Coronavirus Business Interruption Loan Scheme (CBILS) and the demand for funding from businesses impacted by Covid-19, Paul Stout, corporate finance partner at PKF Francis Clark, explains that it should not be a surprise that some of the relationship managers at the high street banks were reporting that in the region of 30 per cent to 40 per cent of their customers were looking at CBILS.
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The proposed £4.2bn disposal of a recycling company has been named Insider's Deal of the Month for March.
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Specialist fishing tackle retailer Angling Direct has secured a short-term £2.5m credit facility as it deals with the coronavirus outbreak.
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South West businesses that have achieved success trading internationally over the past 12 months are being encouraged to get the recognition they deserve in these challenging times.
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Devon law firm Thompson Jenner has appointed a new partner at its Exeter office.
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The government has unveiled a new £20m fund for R&D businesses designed to help build UK resilience following the coronavirus outbreak.
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Department store chain Debenhams is reportedly on the verge of entering administration with the ongoing coronavirus crisis also hitting other retailers.
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Plans to convert units at a business park to be used as an inflatable theme park have been approved.
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Engineering giant Renishaw has issued an update on the progress a UK consortium is making on producing ventilators to support the NHS during the Covid-19 pandemic.
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Rolls-Royce is to cut the salary of its global workforce by 10 per cent in 2020 in response to the Covid-19 pandemic. The executive team's pay will be reduced by 20 per cent for the rest of the year. It has also drawn fully on its £2.5bn revolving credit facility, increasing its current gross cash balance to £5.2bn.
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Member Exclusive News | Imperial Brands has signed a software contract with a Bristol technology company.
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