Laura Benitez Bloomberg Published 10:53 PM EST Feb 8, 2019 Jaguar Land Rover, reeling from a $4 billion writedown, a slump in China sales and uncertainty around Brexit, said conditions aren’t right for it to borrow from the bond market and that it’s seeking alternative funding. The luxury automaker needs to raise $1 billion within 14 months to replace maturing bonds, while feeding an investment program for electric cars that’s burning through cash. To support its needs, JLR could increase a receivables facility or turn to other bank financing, with further options including leasing assets and tapping export credit, Treasurer Ben Birgbauer said in an interview. JLR’s owner Tata Motors Ltd. shocked investors Thursday when it revealed the extent of the problems its U.K. arm is having in China. Sales of Jaguar sports cars and Land Rover SUVs dropped 35 percent in the world’s biggest auto market in the nine months to Dec. 31, sending the unit to a 273 … [Read more...] about Jaguar owner to consider financing options
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Share Tweet Plus One Pin It Email Print By: Aasavri Rai September 16, 2018 7:29 pm Change Font Size The Centre for Environmental Law Education, Research and Advocacy, National Law School of India University, Bangalore, is organising a Two-Day Professional Certificate Course on Financing Start-ups: Legal and Regulatory Compliance. Dates: 24th November to 25th November, 2018. Venue: International Training Centre, NLSIU Who may attend: Entrepreneurs, Investors, Small and Medium Enterprises, Lawyers, Law-Students, Academicians, Chartered Accountants, Company Secretaries, Insolvency Professionals, Directors, Employees of Start-Ups The Course has been structured in a two-fold manner wherein, the entrepreneur is kept informed with the various legal and regulatory developments that are required to be complied with by the business entity, to survive in the competitive world; meanwhile, providing for insight into the various modes of funding available along with the … [Read more...] about NLSIU’s Certificate Course On Financing Start-Ups [24th-25th Nov]
A little-noticed measure in the recently signed defense spending bill aims to address the widening wealth divide between workers and the owners or top executives who manage them. The measure, co-sponsored by Sen. Kirsten Gillibrand, D-N.Y., is intended to expand financing options and raise awareness for programs that can help employees become partial owners of the companies where they work. The new provision could also help address what has been called a "silver tsunami" of retiring Baby Boomer business owners. Much has been made of what that generation's departure from the workforce will mean -- a loss of institutional knowledge, a shift in the job market and a drain on Social Security. But less attention has been paid to the wave of retiring Boomers who own closely held private businesses. They will need to sell their companies, transition them to a new generation of owners -- or risk shutting them down, cutting jobs in the process. The provision, known as the Main Street … [Read more...] about What a ‘silver tsunami’ of retiring Baby Boomer business owners could mean for workers
(Reuters) - Johnston Press <JPR.L> is exploring options to restructure or refinance its debt, the British regional newspaper publisher said on Thursday in a statement issued after its shares more than doubled in morning trade. However, Johnston Press, which owns more than 200 local and regional newspapers including The Scotsman and The Yorkshire Post, said it had not received any proposal from any party for a refinancing or restructuring of its debt. Johnston Press's statement came a day after its biggest investor said it was willing to help refinance the company and called on the board to consult shareholders on its options. The company announced in March 2017 that it would conduct a strategic review of its financing options for a 220 million pound bond due for repayment in June 2019. Activist investor Custos, which has a 20.2 percent stake in the publisher, wrote on Friday to the company's board to seek clarification on whether it had, or planned to, instruct administrators, a … [Read more...] about Britain’s Johnston Press exploring options for debt restructuring
Advertisement feature for When it comes to finding the right bank to serve your business, it is easy to assume that the big names are your only options So-called “high street” banks are very visible in the business space. Many offer free periods of current account banking for new start-ups, or for companies transferring their banking from another provider. And most will also offer loans for businesses that are looking for financing. Hence, it can be tempting to use the bank that holds your current account when you need to borrow money. But according to some financial experts, there could be better deals available on loans and current accounts, so businesses may do better to look beyond traditional loan financing when trying to find the best ways to grow their businesses. Which business current account is best for you? In the same way as it pays to do a bit of homework before choosing an individual current account that suits your needs, it is worth making a list … [Read more...] about Could sticking with your bank be harming your business?