Advertisement
UK markets closed

  • FTSE 100

    8,203.93
    -37.33 (-0.45%)
     

  • FTSE 250

    20,786.65
    +176.31 (+0.86%)
     

  • AIM

    774.39
    +4.97 (+0.65%)
     

  • GBP/EUR

    1.1819
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2813
    +0.0052 (+0.41%)
     

  • Bitcoin GBP

    44,535.76
    +559.36 (+1.27%)
     

  • CMC Crypto 200

    1,185.74
    -22.96 (-1.90%)
     

  • S&P 500

    5,567.19
    +30.17 (+0.54%)
     

  • DOW

    39,375.87
    +67.87 (+0.17%)
     

  • CRUDE OIL

    83.44
    -0.44 (-0.52%)
     

  • GOLD FUTURES

    2,399.80
    +30.40 (+1.28%)
     

  • NIKKEI 225

    40,912.37
    -1.28 (-0.00%)
     

  • HANG SENG

    17,799.61
    -228.67 (-1.27%)
     

  • DAX

    18,475.45
    +24.97 (+0.14%)
     

  • CAC 40

    7,675.62
    -20.16 (-0.26%)
     
Money:

What the new Labour government means for your money

Now that the dust has settled on the election we can take stock of what a Labour win will mean for your finances

Safestyle UK explores alternatives including sale

Reuters
·1-min read

(Reuters) - Safestyle UK on Tuesday confirmed it was exploring alternatives, including a potential sale of the company or a capital injection, as it deals with financial woes.

The maker of polyvinyl chloride replacement windows said it has engaged Interpath Advisory to assist with the process, adding that a number of different parties had expressed their interest.

The company earlier this month said it was in talks with stakeholders for funding and was working to achieve alternative financing solutions.

The London-listed firm also said it was compliant with covenants of its 7.5 million pounds ($9.20 million) borrowing facility and that it was renegotiating terms of its revolving credit facility.

Sky News first reported the news of Safestyle exploring sale options.

($1 = 0.8155 pounds)

(Reporting by Akshita Toshniwal In Bengaluru; Editing by Sherry Jacob-Phillips and Shweta Agarwal)