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Tag: finances

WH Smith raises £166m to shore up finances during Covid-19 crisis | Business

WH Smith has successfully raised almost £166m from investors after launching an emergency cash call to shore up its balance sheet while the majority of its shops remain closed during the coronavirus crisis. The retailer managed to place 15.8m shares at 1050p per share, representing a discount of 4p on the previous day’s closing share …

WH Smith raises £166m to shore up finances during Covid-19 crisis | BusinessRead More

Shopping centre chain seeks up to £1bn to shore up finances | Business

Intu Properties, the company behind shopping centres including the Trafford Centre in Manchester and Lakeside in Essex, could seek to raise as much as £1bn to shore up its precarious finances. The heavily indebted shopping centre operator has suffered a share price collapse after major high-street groups, including Sir Philip Green’s Arcadia and Debenhams – …

Shopping centre chain seeks up to £1bn to shore up finances | BusinessRead More