Business



Boohoo seeks £39m lifeline amid surging losses

Boohoo seeks £39m lifeline amid surging losses

The funds will help ease its debt burden and offer “strategic flexibility” FILE PHOTO: A general view of the fashion retailer Boohoo factory and offices in Leicester, England. (Photo by Christopher Furlong/Getty Images)By: Pramod Thomas…


Asda secures £155m loan to manage debt repayments

EG Group cuts debt after selling parts of business

Rating agency Moody’s upgraded EG Group’s outlook from negative to stable. Mohsin Issa. (Photo: Asda)By: Pramod Thomas MOHSIN ISSA’s EG Group has significantly reduced its debt, paying off hundreds of millions of pounds by selling…