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16/01/2012
Peacocks Clothing Company In Debt Talks
Clothing retailer Peacocks is in talks with lenders regarding restructuring debts of around £240m.
If the Cardiff-based company's negotiations fail administration is a possibility.
The discount clothing store, which owns the Bonmarché chain, employs thousands across the UK and beyond.
The collapse of the firm would mark the biggest UK retail closure since Woolworths.
A spokesperson for one of the lenders, the Royal Bank of Scotland (RBS), told BBC Wales that they would continue to support the company.
"New investors willing to inject sufficient capital could not be found," they said.
"If further funds are required then this is an issue for shareholders and for approval by a majority of the company's lenders."
(GK)
If the Cardiff-based company's negotiations fail administration is a possibility.
The discount clothing store, which owns the Bonmarché chain, employs thousands across the UK and beyond.
The collapse of the firm would mark the biggest UK retail closure since Woolworths.
A spokesperson for one of the lenders, the Royal Bank of Scotland (RBS), told BBC Wales that they would continue to support the company.
"New investors willing to inject sufficient capital could not be found," they said.
"If further funds are required then this is an issue for shareholders and for approval by a majority of the company's lenders."
(GK)
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17 January 2012
Peacocks Problems Sign Of 'Economic Failure'
As time runs out for large clothing firm Peacocks, Labour has said the firm's difficulties are a sign of "economic failure". The retailer is currently in talks with lenders and possible investors regarding debts of around £240m, and has less than a week to secure funds.
Peacocks Problems Sign Of 'Economic Failure'
As time runs out for large clothing firm Peacocks, Labour has said the firm's difficulties are a sign of "economic failure". The retailer is currently in talks with lenders and possible investors regarding debts of around £240m, and has less than a week to secure funds.
24 September 2009
Big Mortgage Lenders Fail To Impress
People are more satisfied with their mortgage lender than a year ago, but the big lenders are still underperforming, according to a new survey from Which? Money.
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People are more satisfied with their mortgage lender than a year ago, but the big lenders are still underperforming, according to a new survey from Which? Money.
06 March 2013
Payday Lenders Risk Losing Licenses
The OFT is giving the leading 50 payday lenders, accounting for 90 per cent of the payday market, 12 weeks to change their business practices or risk losing their licences. They uncovered evidence of widespread irresponsible lending and failure to comply with the standards required of them.
Payday Lenders Risk Losing Licenses
The OFT is giving the leading 50 payday lenders, accounting for 90 per cent of the payday market, 12 weeks to change their business practices or risk losing their licences. They uncovered evidence of widespread irresponsible lending and failure to comply with the standards required of them.
13 March 2015
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
Staff At North Wales Bus Company Find Company Ceases Overnight
Employees of Western Greyhound in Cornwall have arrived at work this morning to find the company has ceased trading. According to a report by the BBC, around 40 staff arrived for work on Friday morning and found the depot closed.
31 March 2004
Crisis hit Mayflower set to call in administrators
High Wycombe-based specialist truck and bus manufacturer Mayflower has confirmed that talks with lenders have broken down and is in discussions with administrators. Yesterday the board of Mayflower requested that the listing of its ordinary shares be "suspended with immediate effect".
Crisis hit Mayflower set to call in administrators
High Wycombe-based specialist truck and bus manufacturer Mayflower has confirmed that talks with lenders have broken down and is in discussions with administrators. Yesterday the board of Mayflower requested that the listing of its ordinary shares be "suspended with immediate effect".
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Northern Ireland WeatherThis Evening and Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 7 °C.
