Yell saves £3m with payment

first_imgTuesday 4 January 2011 7:33 pm More From Our Partners Fans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark whatsapp DIRECTORIES group Yell yesterday made a £150m early repayment of its senior bank debt.The repayment saves the firm around £3m of interest and leaves it with £66m to repay by May under a debt restructuring agreement made last year. Shares in the company closed 1.7 per cent higher at 14.75p as it looked likely to meet its May deadline.Half-year results indicated strong cash flow revealing the business held £261m in cash reserves with a total net debt of £2.9bn.Yell has managed to reduce its debt mountain gradually, including securing a strong refinancing agreement two years ago to alleviate pressure.However analysts still view the business with caution, pointing to reluctance amongst small businesses to advertise during the downturn and growing competition online.Alex DeGroote analyst at Panmure Gordon said: “The quantum of debt is so large that it really obscures equity.“Its online business isn’t totally out of the game but if you’ve got 85 per cent of business in print declining you need to have high growth in other areas to compensate for that.“It has got appeal if there’s a turnaround in the advertising climate for smaller businesses.” Share whatsappcenter_img KCS-content Yell saves £3m with payment Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm Show Comments ▼last_img read more