Embattled retailer Carpetright announced plans for a £60m placing and open offer on Friday as part of its efforts to turnaround the business.
Ahead of its planned £60m equity placing next week, embattled retailer Carpetright said on Friday that it has agreed a £15m unsecured loan from its biggest shareholder, Meditor.
Beleaguered retailer Carpetright staved off administration on Monday after the majority of its shareholders approved its proposed company voluntary arrangement, but the company warned that trading conditions remain "difficult" and it expects to report a full-year loss of up to £9m.
Flooring retailer Carpetright announced on Thursday that it plans to close at least 92 stores and raise approximately £60m to restructure the business and avoid going into administration.
Shares in Mothercare rallied on Wednesday as the baby and toddler chain got some much-needed breathing space after its lenders agreed to defer the testing of its financial covenants due on 24 March.
Floor coverings retailer Carpetright said on Wednesday that it has secured an emergency loan from one of its biggest shareholders as it announced a cash call and said it is looking at a company voluntary arrangement to cut rents and close stores.
Carpetright shares tumbled on Monday following a report over the weekend that the company is preparing to close stores and cut jobs in a bid to avert administration.
Standard Life Aberdeen: Deutsche Bank upgrades to buy with a target price of 440p.
British floor coverings retailer Carpetright warned investors on Thursday that trading conditions had remained difficult since its last update on 19 January, with ongoing weak consumer confidence forcing the group to examine a variety of other options to strengthen its balance sheet.
RBC Capital Markets upgraded PageGroup to 'outperform' from 'sector perform' and lifted its price target on the shares from from 490p to 640p, saying it "looks the best staffing play at this point".
Deutsche Bank has taken an axe to its price target for Carpetright following the flooring specialist's profit warning on Friday.
Fever-Tree: Jefferies initiates buy with a target price of 3000p.
Shares in flooring and beds specialist Carpetright plunged on Friday as the company issued another profits warning and reported trading in its important post-Christmas period "significantly behind expectations".