DUBLIN, June 30 (Reuters) - Ireland could review its plans
to sell a 25 percent stake in Allied Irish Banks early
next year if circumstances change, finance minister Michael
Noonan said on Thursday.
Read more
Thursday, June 30, 2016
REFILE-Equity deals sag to four-year low, Brexit seen shrinking volumes - TR data
LONDON/HONG KONG, June 30 (Reuters) - Global equity capital
markets activity has sunk to a four-year low in 2016 according
to quarterly ThomsonReuters data, although bankers and investors
said that while Brexit could dent volumes it would not sink the
market.
Read more
markets activity has sunk to a four-year low in 2016 according
to quarterly ThomsonReuters data, although bankers and investors
said that while Brexit could dent volumes it would not sink the
market.
Read more
Wednesday, June 29, 2016
MOVES-Standard Chartered hires European DCM director
LONDON, June 29 (IFR) - Patrick Dupont-Liot has joined
Standard Chartered Bank as executive director in the European
DCM corporates team.
Read more
Standard Chartered Bank as executive director in the European
DCM corporates team.
Read more
Cinven raises 7 bln euros for latest buyout fund
LONDON, June 29 (Reuters) - European private equity firm
Cinven said on Wednesday it has raised 7 billion euros
($7.75 billion) for its latest investment vehicle, becoming the
latest large buyout fund to successfully tap a buoyant market.
Read more
Cinven said on Wednesday it has raised 7 billion euros
($7.75 billion) for its latest investment vehicle, becoming the
latest large buyout fund to successfully tap a buoyant market.
Read more
Talend files for U.S. IPO for up to $86.25 mln
June 28 - Talend SA filed with U.S. regulators on Tuesday to
raise up to $86.25 million in an initial public offering of
common stock.
Read more
raise up to $86.25 million in an initial public offering of
common stock.
Read more
Tuesday, June 28, 2016
UK covereds to feel heat from Brexit
LONDON, June 28 (IFR) - The favourable regulatory treatment
of UK covered bonds under European Union laws could come to an
end following Brexit, potentially reducing investor appetite and
pushing up funding costs.
Read more
of UK covered bonds under European Union laws could come to an
end following Brexit, potentially reducing investor appetite and
pushing up funding costs.
Read more
Echoes of February as AT1 market takes another leg down
LONDON, June 27 (IFR) - European banks' Additional Tier 1
debt took another knock on Monday as the economic and political
fallout of Brexit hung over markets, triggering the most violent
price action since the first quarter.
Read more
debt took another knock on Monday as the economic and political
fallout of Brexit hung over markets, triggering the most violent
price action since the first quarter.
Read more
Dual break-up could prove daunting for weakened UK, says S&P
LONDON, June 28 (IFR) - The UK could struggle to orchestrate
an orderly withdrawal from the European Union particularly if it
also has to deal with a split with Scotland at the same time,
Standard & Poor's chief sovereign analyst said on Tuesday.
Read more
an orderly withdrawal from the European Union particularly if it
also has to deal with a split with Scotland at the same time,
Standard & Poor's chief sovereign analyst said on Tuesday.
Read more
Monday, June 27, 2016
Bank bonds plummet as UK walks away from EU
LONDON, June 24 (IFR) - UK bank bonds were hit hard in
secondary markets on Friday following the nation's vote to leave
the European Union, storing up a period of huge uncertainty for
the sector.
Read more
secondary markets on Friday following the nation's vote to leave
the European Union, storing up a period of huge uncertainty for
the sector.
Read more
Friday, June 24, 2016
Eyes on Spain election as debt bankers fear Brexit domino effect
LONDON, June 24 (IFR) - Bankers covering public sector debt
fear the UK's decision to leave the European Union could spur
anti-establishment sentiment across the continent, starting with
Spain where general elections are to be held this weekend.
Read more
fear the UK's decision to leave the European Union could spur
anti-establishment sentiment across the continent, starting with
Spain where general elections are to be held this weekend.
Read more
REFILE-UPDATE 1-UK bank credit underperforms in early trading
LONDON, June 24 (IFR) - UK bank names are under pressure in
cash markets in early trade following the Leave vote in the
Brexit referendum.
Read more
cash markets in early trade following the Leave vote in the
Brexit referendum.
Read more
UPDATE 1-Vodafone to file prospectus for Indian listing in August - sources
* Set to be biggest IPO in India since 2010
(Adds details on Vodafone India operations, background)
Read more
(Adds details on Vodafone India operations, background)
Read more
Thursday, June 23, 2016
Vodafone plans to file for India IPO in Aug, listing seen in Q4 -sources
HONG KONG, June 23 (Reuters) - Vodafone Group is
likely to file a draft prospectus for the planned IPO of its
Indian business in August with the listing expected in the
fourth quarter, in a deal seen raising as much as $2.5 billion,
people with direct knowledge of the matter told Reuters.
Read more
likely to file a draft prospectus for the planned IPO of its
Indian business in August with the listing expected in the
fourth quarter, in a deal seen raising as much as $2.5 billion,
people with direct knowledge of the matter told Reuters.
Read more
BRIEF-Hornby proposes to raise 8 mln stg via share issue
* Pleased to announce that it proposes to raise, in
aggregate, approximately £8.0 million (before expenses) through
issue of 29,629,630 new ordinary shares at an issue price of 27
pence
Read more
aggregate, approximately £8.0 million (before expenses) through
issue of 29,629,630 new ordinary shares at an issue price of 27
pence
Read more
Tuesday, June 21, 2016
Samarco bonds tumble on possible debt talks
NEW YORK, June 21 (IFR) - Bonds issued by Samarco fell four
points on Tuesday following news that the Brazilian mining
company has hired banks to approach creditors about possible
debt negotiations.
Read more
points on Tuesday following news that the Brazilian mining
company has hired banks to approach creditors about possible
debt negotiations.
Read more
EBRD issues first public bond in Georgian lari
TBILISI, June 20 (Reuters) - The European Bank for
Reconstruction and Development (EBRD) issued its first public
bond in Georgia's lari currency, as it looks to raise funds for
local projects and develop the country's debt market.
Read more
Reconstruction and Development (EBRD) issued its first public
bond in Georgia's lari currency, as it looks to raise funds for
local projects and develop the country's debt market.
Read more
Monday, June 20, 2016
As rate hike worries fades, M&A bond issuers hold off
NEW YORK, June 17 (IFR) - After weeks of hectic issuance,
the US primary high-grade market is set to slow as companies
slam the brakes on jumbo bond sales to finance mergers and
acquisitions until the autumn.
Read more
the US primary high-grade market is set to slow as companies
slam the brakes on jumbo bond sales to finance mergers and
acquisitions until the autumn.
Read more
Friday, June 17, 2016
UPDATE 1-HDFC Life in talks to buy Max Life in India insurance consolidation
* HDFC Life puts IPO plan on hold, deal to give automatic
listing
(Recasts with executive comments, details)
Read more
listing
(Recasts with executive comments, details)
Read more
Russneft says may sell up to 10 pct in Moscow IPO -Interfax
MOSCOW, June 17 (Reuters) - Russia's Russneft is considering
an initial pubic offering to sell up to 10 percent of the
mid-sized oil producer, Interfax news agency reported on Friday
citing company boss Mikhail Gutseriyev.
Read more
an initial pubic offering to sell up to 10 percent of the
mid-sized oil producer, Interfax news agency reported on Friday
citing company boss Mikhail Gutseriyev.
Read more
Roche skin cancer drugs "too expensive", says UK cost agency
LONDON, June 16 (Reuters) - Roche's two-drug
combination of Cotellic and Zelboraf for melanoma was rejected
by Britain's healthcare cost agency NICE as "too expensive" on
Thursday, in contrast to the green light given in April to a
rival cocktail from Novartis.
Read more
combination of Cotellic and Zelboraf for melanoma was rejected
by Britain's healthcare cost agency NICE as "too expensive" on
Thursday, in contrast to the green light given in April to a
rival cocktail from Novartis.
Read more
Thursday, June 16, 2016
UPDATE 2-UK court rules in favour of Lloyds in £3.3bn bond dispute
LONDON, June 16 (IFR) - Lloyds Banking Group won a decisive
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
UPDATE 1-Southeastern AM investment vehicle takes 14.7 pct stake in Applus+
LONDON, June 16 (Reuters) - Southeastern Concentrated Value,
the investment vehicle backed by partners at U.S. fund firm
Southeastern Asset Management and entrepreneur Nassef Sawiris,
said on Thursday it had taken a 14.7 percent stake in Spain's
Applus+ Services.
Read more
the investment vehicle backed by partners at U.S. fund firm
Southeastern Asset Management and entrepreneur Nassef Sawiris,
said on Thursday it had taken a 14.7 percent stake in Spain's
Applus+ Services.
Read more
UK court rules in favour of Lloyds in £3.3bn bond dispute
LONDON, June 16 (IFR) - Lloyds Banking Group won a decisive
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
UK court ruling on Thursday over whether it treated investors in
high-interest bonds fairly, saving it from the threat of paying
them hundreds of millions of pounds extra.
Read more
Wednesday, June 15, 2016
Shell says Philippines unit preparing for stock market listing
LONDON, June 15 (Reuters) - Oil major Royal Dutch Shell
said on Wednesday its subsidiary in the Philippines,
Pilipinas Shell Petroleum Corporation (PSPC), is in the process
of preparing an initial public offering (IPO) of its shares.
Read more
said on Wednesday its subsidiary in the Philippines,
Pilipinas Shell Petroleum Corporation (PSPC), is in the process
of preparing an initial public offering (IPO) of its shares.
Read more
UPDATE 2-Swiss Daetwyler agrees $1.1 bln deal to buy Premier Farnell
* Premier Farnell shares soar 50 percent
(Adds analyst comments, context, details, share movement)
Read more
(Adds analyst comments, context, details, share movement)
Read more
Tuesday, June 14, 2016
UPDATE 1-British shale gas firm IGas Energy seeks investors
June 14 (Reuters) - Britain's largest shale gas developer
IGas said on Tuesday it is in talks with a number of
potential investors to strengthen its balance sheet.
Read more
IGas said on Tuesday it is in talks with a number of
potential investors to strengthen its balance sheet.
Read more
Polish freight firm OT Logistics plans London listing -report
WARSAW, June 14 (Reuters) - Polish freight and cargo company
OT Logistics plans to debut on the London bourse
to tap foreign investors, its deputy chief executive was
quoted as saying on Tuesday.
Read more
OT Logistics plans to debut on the London bourse
to tap foreign investors, its deputy chief executive was
quoted as saying on Tuesday.
Read more
BRIEF-Plexus aims to raise 6 mln stg to weather down cycle
* Placing of 9,230,770 new ordinary shares ("placing
shares") at a price of 65 pence per ordinary share to new and
existing investors.
Read more
shares") at a price of 65 pence per ordinary share to new and
existing investors.
Read more
Monday, June 13, 2016
Greece's Titan increases bond issue to 300 mln euros
ATHENS, June 10 (Reuters) - Greece's cement maker Titan
said on Friday it was issuing bonds worth 300 million
euros ($338 million) after increasing the offer due to high
investor demand.
Read more
said on Friday it was issuing bonds worth 300 million
euros ($338 million) after increasing the offer due to high
investor demand.
Read more
Friday, June 10, 2016
Russian corporate bonds - this time it's different
LONDON, June 10 (IFR) - A barrage of Russian corporate deals
saw US$1.95bn of debt placed this week, and analysts reckon the
stars are aligning for similar trades to tumble out of the
country.
Read more
saw US$1.95bn of debt placed this week, and analysts reckon the
stars are aligning for similar trades to tumble out of the
country.
Read more
REFILE-UPDATE 1-BP and Det norske agree $1.3 bln Norwegian oil merger
OSLO/LONDON, June 10 (Reuters) - Oil companies BP and
Det norske have agreed to merge their Norwegian
businesses in a $1.3 billion share deal to cut costs, increase
profitability and challenge Statoil's Norwegian
offshore dominance.
Read more
Det norske have agreed to merge their Norwegian
businesses in a $1.3 billion share deal to cut costs, increase
profitability and challenge Statoil's Norwegian
offshore dominance.
Read more
Airbus says to sell remaining Dassault stake
PARIS, June 9 (Reuters) - Airbus Group said on
Thursday it was selling its remaining stake in Dassault Aviation
, ending a longstanding arrangement to warehouse shares
in the maker of combat and business jets on behalf of the French
government.
Read more
Thursday it was selling its remaining stake in Dassault Aviation
, ending a longstanding arrangement to warehouse shares
in the maker of combat and business jets on behalf of the French
government.
Read more
Thursday, June 9, 2016
UPDATE 1-Time Out to raise $130 mln in London listing
June 9 (Reuters) - Time Out Group Plc , the
media company that started as a London culture and entertainment
magazine, said on Thursday it expects to raise 90 million pounds
($130 mln) in its initial public offering on London's junior
stock market.
Read more
media company that started as a London culture and entertainment
magazine, said on Thursday it expects to raise 90 million pounds
($130 mln) in its initial public offering on London's junior
stock market.
Read more
Time Out to raise 90 mln stg in London listing
June 9 (Reuters) - Time Out Group Plc , the
media company that started as a London culture and entertainment
magazine, said on Thursday it was raising 90 million pounds
($130 million) in an initial public offering of shares on
London's junior stock market.
Read more
media company that started as a London culture and entertainment
magazine, said on Thursday it was raising 90 million pounds
($130 million) in an initial public offering of shares on
London's junior stock market.
Read more
Evraz revises pricing to 7%-7.125% on January 2022 dollar bond
LONDON, June 9 (IFR) - Evraz has announced guidance of
7%-7.125% on a January 2022 US dollar bond, according to a lead.
Read more
7%-7.125% on a January 2022 US dollar bond, according to a lead.
Read more
Russia's Evraz raises $500 mln in Eurobond at 6.75 pct yield - source
MOSCOW, June 9 (Reuters) - Evraz, one of Russia's
largest steelmakers, has raised $500 million in five-year
Eurobond at a yield of 6.75 percent, a source in the financial
sector told Reuters on Thursday.
(Reporting by Oksana Kobzeva; Writing by Lidia Kelly; editing
by Katya Golubkova)
Read more
largest steelmakers, has raised $500 million in five-year
Eurobond at a yield of 6.75 percent, a source in the financial
sector told Reuters on Thursday.
(Reporting by Oksana Kobzeva; Writing by Lidia Kelly; editing
by Katya Golubkova)
Read more
Evraz begins marketing US dollar bond
LONDON, June 9 (IFR) - Russian steel company Evraz has begun
marketing a January 2022 US dollar bond at a yield of
7.25-7.50%, according to a lead.
Read more
marketing a January 2022 US dollar bond at a yield of
7.25-7.50%, according to a lead.
Read more
New Zealand's Sky Network and Vodafone announce merger deal
WELLINGTON, June 9 (Reuters) - Sky Network Ltd and
Vodafone Group Plc have announced a deal under which Sky
and Vodafone's New Zealand unit would merge.
Read more
Vodafone Group Plc have announced a deal under which Sky
and Vodafone's New Zealand unit would merge.
Read more
Wednesday, June 8, 2016
Full Allied Irish reprivatisation may take 15 years - finance ministry
DUBLIN, June 8 (Reuters) - It will take Ireland between 8
and 15 years, depending on market conditions, to recoup its full
investment in state-owned Allied Irish Banks, finance
ministry officials said in a briefing note published on
Wednesday.
Read more
and 15 years, depending on market conditions, to recoup its full
investment in state-owned Allied Irish Banks, finance
ministry officials said in a briefing note published on
Wednesday.
Read more
Brexit fears knock UK bank spreads
LONDON, June 7 (IFR) - UK banks' subordinated debt has
tumbled as the threat of the country leaving the European Union
later this month escalates.
Read more
tumbled as the threat of the country leaving the European Union
later this month escalates.
Read more
Tuesday, June 7, 2016
BRIEF-Good Energy to raise 3.1 mln stg in share offer
* To support its continued growth, it proposes to raise up
to approximately £ 3.1 million by way of an offer of up to
1,495,900 new ordinary shares at an issue price of 208 pence
each
Source text for Eikon:
Further company coverage:
(Reporting By UK Bureau)
Read more
to approximately £ 3.1 million by way of an offer of up to
1,495,900 new ordinary shares at an issue price of 208 pence
each
Source text for Eikon:
Further company coverage:
(Reporting By UK Bureau)
Read more
Russian oil firm Russneft plans Moscow share sale
MOSCOW, June 6 (Reuters) - Russian mid-sized oil producer
Russneft, majority owned by businessman Mikhail Gutseriyev,
plans to sell new shares on the Moscow stock exchange in the
fourth quarter, a company spokesman said on Monday.
Read more
Russneft, majority owned by businessman Mikhail Gutseriyev,
plans to sell new shares on the Moscow stock exchange in the
fourth quarter, a company spokesman said on Monday.
Read more
Monday, June 6, 2016
BRIEF-Ireland's eir to launch 350 mln eur senior secured note
* Ireland's eir telecom operator announces launch of 350
million senior secured notes offering
Read more
million senior secured notes offering
Read more
British biopharma start-up Mereo to list in London
LONDON, June 6 (Reuters) - Mereo BioPharma Group, a
British company trialing three drugs developed by Novartis
, said it would list on London's junior AIM market to
raise capital to develop its drugs and give it more financial
flexibility for further deals.
Read more
British company trialing three drugs developed by Novartis
, said it would list on London's junior AIM market to
raise capital to develop its drugs and give it more financial
flexibility for further deals.
Read more
Sunday, June 5, 2016
Russian companies plan Eurobonds ahead of possible Fed tightening
MOSCOW, June 3 (Reuters) - Russian corporate borrowers plan
to use a window ahead of a potential rate hike by the U.S.
Federal Reserve to issue Eurobonds, as some of the demand for
Russian risk is back with pricing still attractive, companies
and analysts say.
Read more
to use a window ahead of a potential rate hike by the U.S.
Federal Reserve to issue Eurobonds, as some of the demand for
Russian risk is back with pricing still attractive, companies
and analysts say.
Read more
Friday, June 3, 2016
S.Korea Hotel Lotte's IPO is on track, spokesman says
SEOUL, June 3 (Reuters) - A report that South Korea's Hotel
Lotte Co Ltd has delayed a proposed $4.8 billion IPO is
"baseless" and the IPO is proceeding according to plans, a
company spokesman said on Friday.
Read more
Lotte Co Ltd has delayed a proposed $4.8 billion IPO is
"baseless" and the IPO is proceeding according to plans, a
company spokesman said on Friday.
Read more
REFILE-UPDATE 1-Swiss biotech AC Immune taps U.S. IPO to fund Alzheimer's drugs
June 1 (Reuters) - Switzerland's AC Immune, which already
has money in hand from Roche for its most advanced drug,
is planning a share sale in the United States to raise up to $50
million for separate drug candidates targeting Alzheimer's
disease.
Read more
has money in hand from Roche for its most advanced drug,
is planning a share sale in the United States to raise up to $50
million for separate drug candidates targeting Alzheimer's
disease.
Read more
Wednesday, June 1, 2016
PRESS DIGEST- British Business - May 31
May 31 (Reuters) - The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Read more
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