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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.
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.
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.
26 July 2013
Protesters Maintain Overnight Presence In Sussex
An all night protest has been held in a Sussex village over exploratory oil drilling, after permission was granted for a 3,000ft well and 2,500ft horizontal bore. Around 25 protesters formed a chain at the site near Balcombe overnight, according to the BBC.
Protesters Maintain Overnight Presence In Sussex
An all night protest has been held in a Sussex village over exploratory oil drilling, after permission was granted for a 3,000ft well and 2,500ft horizontal bore. Around 25 protesters formed a chain at the site near Balcombe overnight, according to the BBC.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
