Port Talbot steelworks’ owner Tata Steel seeks £500m loan from UK Government Talks are at an early stage and no agreement is likely to be announced soon Tata Steel’s large customers, such as car makers, have stopped production The manufacturer has also been hit by a rise in raw material costs By Ben Harrington For … Read more
Billionaire owner of retailer Matalan seeks £60m cash as closures bite Matalan, run by the billionaire Hargreaves family, is seeking as much as £60m It said it had been forced to close 232 stores but continues to sell clothing online Matalan has furloughed staff has drafted a number of forecasts to assess the impact of lockdown … Read more
Property tycoon Nick Candy seeks to up his stake in trendy London gym chain 1Rebel By Daily Mail City & Finance Reporter Published: 21:51 BST, 16 December 2019 | Updated: 21:51 BST, 16 December 2019 Property tycoon Nick Candy has bumped up his stake in a trendy chain of London gyms. The 46-year-old already owned … Read more
Ailing retailer Laura Ashley seeks further £15m rescue loan just weeks after emergency funding deal It was saved from collapse last month by £20m lifeline from US bank Wells Fargo It said it is ‘in advanced discussions with a third-party lender’ But there are fears of the impact of coronavirus By Daily Mail City & … Read more