WH Smith prepares to issue equity

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South West Monday 6 April 2020 Send a Story Subscribe Membership Advertise Contact Latest News Top Story WH Smith prepares to issue equity 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. Read More… Insider Feature Business Matters: Advocating a holistic approach to applying for (Covid-19) funding 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. Read More… Deals £4.2bn sale named Deal of the Month The proposed £4.2bn disposal of a recycling company has been named Insider's Deal of the Month for March. Read More… Angling Direct secures short-term cash injection Specialist fishing tackle retailer Angling Direct has secured a short-term £2.5m credit facility as it deals with the coronavirus outbreak. Read More… Business Extension for entries for international trade-focused awards 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. Read More… Thompson Jenner appoints new partner Devon law firm Thompson Jenner has appointed a new partner at its Exeter office. Read More… Government reveals new £20m fund for R&D businesses The government has unveiled a new £20m fund for R&D businesses designed to help build UK resilience following the coronavirus outbreak. Read More… Retailers hit by coronavirus shutdown Department store chain Debenhams is reportedly on the verge of entering administration with the ongoing coronavirus crisis also hitting other retailers. Read More… Property Inflatable theme park plans passed Plans to convert units at a business park to be used as an inflatable theme park have been approved. Read More… Manufacturing Renishaw posts update on ventilator challenge 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. Read More… Rolls-Royce cuts workforce pay over pandemic 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. Read More… Other News NEW 2020 South West Top 500 Companies data - pre-order the latest edition now & access 1,000s of top decision makers Member Exclusive News Imperial Brands signs contract with Bristol tech company Imperial Brands has signed a software contract with a Bristol technology company. Read More… Upcoming Events 2 Jul Insider South West 42 under 42 Business Awards 2020 8 Oct Insider South West Property Awards 2020 21 Oct Insider South West Dealmakers Awards 2020 5 Nov Insider Made in the South West Awards 2020 18 Nov Insider Made in the UK Awards 2020 Services & Guides Corporate Finance Directory Find an adviser to help you buy, sell or invest in a business. Read More… Send a Story Subscribe Membership Advertise Contact

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