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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Nov- 2023 -10 NovemberNews
Travelex appoints new global retail director
Travelex has appointed Jackie Uhi as global retail director to drive the next stage of its retail development and international expansion. Uhi, who joins from HSBC, will be responsible for driving strategy, delivery, expansion and innovation across the company’s retail portfolio, which includes more than 1,100 stores and 900 ATMs…
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Jun- 2023 -27 JuneNews
Ocado appoints new non-executive director
Ocado Group has appointed Rachel Osborne as an independent non-executive director with effect from September 2023 amid recent takeover speculations. Osborne will also be a member of the audit committee and the people committee, such appointments taking place on the date of her appointment to the board. She was previously…
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14 JuneHigh Street
WH Smith completes refinancing with £400m facility
WH Smith has completed the refinancing of its existing £363m lending facilities after securing a £400m sustainability-linked facility. The group’s existing £363m lending facilities, consisting of a £250m revolving credit facility and a £113m term loan have now been cancelled and repaid. The new RCF is for a five-year term,…
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Apr- 2023 -21 AprilHigh Street
CBI hit with second rape allegation
The CBI is facing a second allegation of rape from a woman who claims she was assaulted by two male colleagues. According to the latest report from The Guardian, the offence took place at one of the CBI’s overseas offices and comes following reports of an alleged rape at a…
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14 AprilOnline & Digital
AO lifts full-year guidance after cutting costs
AO World has said it is confident its full-year profits will be at the top end of its previous guidance after the electrical retailer worked hard to reduce costs and improve margins over the year. While the group previously warned of potential adverse effects from trading risks, macroeconomic uncertainty and…
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12 AprilPeople Moves
CBI sacks director general amid misconduct claims
The Confederation of British Industry (CBI) has dismissed its director general Tony Danker following allegations of misconduct. Last month, it was revealed that Danker was to step away from his role due to an investigation into complaints concerning his conduct in the workplace. The CBI had engaged employment law at…
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Mar- 2023 -27 MarchFeatures
It’s always someone’s birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
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Jan- 2023 -23 JanuarySupermarkets
Asda owners eye potential £13bn EG Group merger
Asda owners Mohsin and Zuber Issa are reportedly considering merging the company with the EG Group ahead of EG’s £7bn refinancing in 2025, according to the Times. Both companies are jointly owned by the blackburn-based brothers and private-equity company TDR Capital. The owners hope that by merging the businesses they…
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Oct- 2022 -17 OctoberHigh Street
Asos enters final stages of financial amendment
Online fashion retailer Asos has said it is in the final stages of agreeing an amendment to the future financial covenants in its revolving credit facility. It comes after Sky News reported that banks including Barclays, HSBC and Lloyds Banking Group were lining up AlixPartners and law firm Clifford Chance…
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Jul- 2022 -19 JulyClothing & Shoes
Joules raises FY profit guidance as cost cuts bear fruit
Clothing and homeware brand Joules has revealed it expects FY22 adjusted profit before tax and adjusting items to be “slightly ahead of current market expectations” as its additional cost reductions begin to bear fruit. It revealed the trading trends outlined in the group’s previous update have also continued for the…
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