Trade shows giant Hyve Group is considering the possibility of equity fundraise. The move could come as the firm’s business continues to be hit by the pandemic. Hyve, which organises key shows such as Pure London and Moda, had to postpone a number of events and it’s still unclear how successful rescheduled trade shows will be.

The options under review include possibly raising more cash by issuing shares. That’s an approach that has been taken by several firms, including both Asos and Joules. Meanwhile others, like Next, have sought to raise cash via selling and leasing back assets such as head office buildings and distribution hubs.

Hyve continues to be engaged in constructive dialogue with the group's lenders in relation to covenant headroom and facility flexibility and has already secured a waiver of the June 2020 covenant tests under its debt facilities.