Barclays
This coverage examines Barclays’ activities and influence on the UK retail sector, with reporting on economic outlooks, lending practices, partnerships, and service initiatives that impact retailers. Tailored for retail executives, finance managers, and planners assessing banking relationships, credit availability, and broader financial trends affecting retail operations.
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Oct- 2024 -8 OctoberOnline & Digital
Very Group owners to appoint banks ahead of potential £2.5bn sale
The owners of the Very Group, the Barclay family, have reportedly appointed banks as they eye a £2.5bn sale of the group, according to reports from Sky News. The board, now chaired by former chancellor Nadhim Zahawi, is lining up Barclays, JP Morgan and Morgan Stanley to handle a strategic…
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Sep- 2024 -27 SeptemberSponsored Articles
G2A.com wins award for diversity in gaming campaign at Ecommerce Awards 2024
G2A.COM, the marketplace for digital entertainment offers, has revealed it was awarded 1st place in the Best Digital Marketing Campaign category for its impactful Celebrate Gamers’ Diversity campaign at the Ecommerce Awards 2024. The event, organised in collaboration with The UK eCommerce Association and hosted by British comedian and media…
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10 SeptemberNews
Today’s news in brief-10/9/24
Burberry has faced a significant downturn, with its market value plummeting to £2bn, its lowest since 2009. Barclays downgraded Burberry, citing poor performance relative to other luxury retailers and doubts about its ability to maintain premium status due to pricing and strategic issues. CEO Jonathan Akeroyd was replaced by Joshua…
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10 SeptemberLuxury Goods
Burberry valuation hits 15-year low as market value falls to £2bn
Burberry shares have dropped by about 8% following a downgrade by Barclays, which has reduced the luxury fashion retailer’s market value to £2bn – its lowest valuation since 2009, The Telegraph has reported. The news comes after the retailer’s recent exit from the FTSE 100. According to Barclays, Burberry’s situation…
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Jun- 2024 -18 JuneNews
Today’s news in brief-18/6/24
Supermarket sales in the UK saw a modest increase of just 1.0% for the four weeks to June 9, 2024, marking the slowest growth since June 2022. This sluggish performance is attributed to poor weather and falling inflation, with average shopper visits dropping slightly from 16.4 to 16.3 times compared…
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18 JuneClothing & Shoes
Frasers launches £80m share buyback scheme
Frasers Group has announced the launch of a new share buyback programme of up to £80m to reduce the share capital of the company. The group has entered into a non-discretionary arrangement with Barclays Bank PLC, acting through its investment bank, for a new share buyback programme. The programme will…
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May- 2024 -22 MaySupermarkets
Co-op unveils ‘ambitious’ sustainability targets
The Co-operative has unveiled new and “ambitious” sustainability targets, which includes reducing carbon emissions across the supply chain. This comes as Co-op has already hit its original greenhouse gas target early, ahead of its official 2025 goal. These new sustainability targets, which are aligned to the retailer’s credit facilities, aim…
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Apr- 2024 -30 AprilNews
Today’s news in brief-30/4/24
Shop price inflation in the UK eased to 0.8% in April, a decrease from 1.3% in March, according to the latest data from the BRC-Nielsen Index. This decline suggests a trend towards normalising inflation levels after reaching a peak last year. The drop was particularly notable in non-food items, which…
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30 AprilOnline & Digital
Barclay family’s Abu Dhabi backers plan Very sale
The Barclay family’s Gulf-based backer Redbird IMI is reportedly planning a sale of Very Group as it seeks to unwind a £1.2bn refinancing of the family’s debts, according to the Times. RedBird IMI, the joint venture that is part-funded by Sheikh Mansour bin Zayed bin Sultan al-Nahyan and American private…
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Feb- 2024 -9 FebruaryNews
Today’s news in brief-9/2/24
Retail giant Tesco has finalised the sale of its banking arm to Barclays in a £600m deal. The partnership aims to leverage Tesco’s strong brand presence and extensive customer base with Barclays’ financial services expertise. This collaboration will enable Tesco to offer customers Tesco-branded banking products and services, leveraging the…
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