Thursday, June 30, 2016

Ireland could review AIB sale timetable if situation changes

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

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

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

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

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

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

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

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

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

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

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

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

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.

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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

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

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

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

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

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

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

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

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

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

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

BRIEF-Russia's NLMK places $700 mln in 7-yr Eurobond at 4.5 pct coupon rate

* Places $700 million in 7-year Eurobond at 4.5 percent

coupon rate;

Read more

UPDATE 2-Steinhoff weighs bid for UK's Poundland in fresh European push

* Approach emerges on eve of annual results

(Adds analysts comment)

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

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

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

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

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

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

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

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, 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

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

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

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

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

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

Wednesday, June 8, 2016

UPDATE 3-ECB starts corporate bond buying with big names

* Programme expected to start small then ramp up

(Updates with historic bond data)

Read more

UPDATE 1-Ireland says full Allied Irish reprivatisation could take 15 years

* Any increase in bank levies could render ptsb unviable

(Adds details)

Read more

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

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

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

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

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

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

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

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

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

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