March 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
Friday, March 31, 2017
Thursday, March 30, 2017
National Bank of Abu Dhabi raises $587 million in green bond debut
LONDON, March 30 (Reuters) - The National Bank of Abu Dhabi
has issued the Gulf region's first green bond, raising
$587 million for projects to fight climate change, the London
Stock Exchange (LSE) said on Thursday.
Read more
has issued the Gulf region's first green bond, raising
$587 million for projects to fight climate change, the London
Stock Exchange (LSE) said on Thursday.
Read more
AO World raises capital as a buffer against tough markets
LONDON, March 30 (Reuters) - Online retailer AO World
raised 50 million pounds ($62 million) on Thursday to underpin
its balance sheet as it navigates an uncertain outlook in
Britain, its biggest market, and the impact of the lower pound
on supplier prices.
Read more
raised 50 million pounds ($62 million) on Thursday to underpin
its balance sheet as it navigates an uncertain outlook in
Britain, its biggest market, and the impact of the lower pound
on supplier prices.
Read more
UPDATE 1-Saudi Aramco formally appoints banks to advise on share sale
LONDON, March 30 (Reuters) - Saudi Aramco has
formally appointed JPMorgan Chase & Co, Morgan Stanley
and HSBC as international financial advisers for
its initial public offering, sources familiar with the matter
told Reuters.
Read more
formally appointed JPMorgan Chase & Co, Morgan Stanley
and HSBC as international financial advisers for
its initial public offering, sources familiar with the matter
told Reuters.
Read more
BRIEF-AO World placing to raise up to 50 mln stg
* Announces a placing to raise up to £50 million, through
issue of up to 42,063,157 new ordinary shares in company
Source text for Eikon:
Further company coverage:
(London Newsroom)
Read more
issue of up to 42,063,157 new ordinary shares in company
Source text for Eikon:
Further company coverage:
(London Newsroom)
Read more
Saudi Aramco formally appoints banks to advise on share sale
LONDON, March 30 (Reuters) - Saudi Aramco has
formally appointed JPMorgan Chase & Co, Morgan Stanley
and HSBC as international financial advisers for
its initial public offering, expected to be the world's largest
equity sale, sources familiar with the matter told Reuters.
Read more
formally appointed JPMorgan Chase & Co, Morgan Stanley
and HSBC as international financial advisers for
its initial public offering, expected to be the world's largest
equity sale, sources familiar with the matter told Reuters.
Read more
Kenyan brewer EABL says medium-term bond oversubscribed
NAIROBI, March 29 (Reuters) - Kenya's East African Breweries
(EABL) got a 141 percent subscription rate for its
five-year corporate bond, the company said on Wednesday.
Read more
(EABL) got a 141 percent subscription rate for its
five-year corporate bond, the company said on Wednesday.
Read more
Wednesday, March 29, 2017
UPDATE 2-RBS raises offer to settle 2008 cash call lawsuit
LONDON, March 28 (Reuters) - Royal Bank of Scotland
has nudged up an offer to settle the last of five damages claims
by investors over its record 12 billion pound ($15 billion)
emergency cash call in 2008, two sources familiar with the
situation said on Tuesday.
Read more
has nudged up an offer to settle the last of five damages claims
by investors over its record 12 billion pound ($15 billion)
emergency cash call in 2008, two sources familiar with the
situation said on Tuesday.
Read more
Russia's Polyus may hold SPO in Moscow in near future - VTB
MOSCOW, March 29 (Reuters) - Polyus, Russia's
largest gold producer, may hold a secondary share offering in
Moscow in the near future, Yuri Soloviev, first deputy president
of VTB bank, said on Wednesday.
Read more
largest gold producer, may hold a secondary share offering in
Moscow in the near future, Yuri Soloviev, first deputy president
of VTB bank, said on Wednesday.
Read more
Tuesday, March 28, 2017
Barry Meyers to rejoin JPMorgan after almost two years at Barclays
March 24 (Reuters) - Barry Meyers is set to rejoin JPMorgan
Chase & Co. from Barclays Plc to take on the
role of Managing Director of UK Equity Capital Markets (ECM),
according to an internal memo seen by Reuters.
Read more
Chase & Co. from Barclays Plc to take on the
role of Managing Director of UK Equity Capital Markets (ECM),
according to an internal memo seen by Reuters.
Read more
Initial public offerings in Britain hit 5-year low ahead of Brexit
LONDON, March 28 (Reuters) - Initial public offerings (IPOs)
by companies based in Britain have raised $1.53 billion so far
in 2017, a 28 percent decline on last year and the lowest
year-to-date total since 2012 as Britain prepares to leave the
EU, Thomson Reuters data shows.
Read more
by companies based in Britain have raised $1.53 billion so far
in 2017, a 28 percent decline on last year and the lowest
year-to-date total since 2012 as Britain prepares to leave the
EU, Thomson Reuters data shows.
Read more
Friday, March 24, 2017
Ireland finance ministry appoints bookrunners for AIB IPO
March 23 (Reuters) - Ireland's finance ministry said on
Thursday it has appointed five banks to act as bookrunners for a
potential share sale of state-owned Allied Irish Banks,
in a further signal it could launch an initial public offering
in the coming weeks.
Read more
Thursday it has appointed five banks to act as bookrunners for a
potential share sale of state-owned Allied Irish Banks,
in a further signal it could launch an initial public offering
in the coming weeks.
Read more
Thursday, March 23, 2017
Trucking business Eddie Stobart seeks listing on London's AIM
March 23 (Reuters) - Eddie Stobart, known for its fleet of
green and red lorries, is seeking to raise about 130 million
pounds ($163 million) through a listing on London's junior
market, its investors' holding company said on Thursday.
Read more
green and red lorries, is seeking to raise about 130 million
pounds ($163 million) through a listing on London's junior
market, its investors' holding company said on Thursday.
Read more
Anglo American readies bond market return
LONDON, March 21 (IFR) - Anglo American is poised to sell
its first public bond since it was stripped of its
investment-grade status last year following the shock
capitulation of global commodity prices.
Read more
its first public bond since it was stripped of its
investment-grade status last year following the shock
capitulation of global commodity prices.
Read more
Tuesday, March 21, 2017
UPDATE 2-Standard Life's CEO to run day-to-day business after Aberdeen merger
LONDON, March 20 (Reuters) - Standard Life Chief
Executive Keith Skeoch will oversee its day-to-day running after
it merges with Aberdeen Asset Management, while Aberdeen
boss Martin Gilbert will handle external matters like marketing,
the companies said.
Read more
Executive Keith Skeoch will oversee its day-to-day running after
it merges with Aberdeen Asset Management, while Aberdeen
boss Martin Gilbert will handle external matters like marketing,
the companies said.
Read more
Monday, March 20, 2017
UAE hospital operator NMC Health to pursue Gulf expansion, debut bond
ABU DHABI, March 20 (Reuters) - United Arab Emirates-based
hospital operator NMC Health plans to expand in Gulf
markets with a debut bond issue to fund acquisitions, its new
chief executive said on Monday.
Read more
hospital operator NMC Health plans to expand in Gulf
markets with a debut bond issue to fund acquisitions, its new
chief executive said on Monday.
Read more
Russia's Sistema says it mulls listing its real estate business
MOSCOW, March 20 (Reuters) - Russia's Sistema
conglomerate said it was considering taking its real
estate development business public in 2018-2019.
Read more
conglomerate said it was considering taking its real
estate development business public in 2018-2019.
Read more
Thursday, March 16, 2017
Guinness Nigeria seeks green light for $130 mln share sale -CEO
LAGOS, March 15 (Reuters) - Guinness Nigeria
said on Wednesday it had applied to the Nigerian Stock Exchange
to get approval for a share sale to raise 39.7 billion naira
($130 million), its chief executive told Reuters.
Read more
said on Wednesday it had applied to the Nigerian Stock Exchange
to get approval for a share sale to raise 39.7 billion naira
($130 million), its chief executive told Reuters.
Read more
Wednesday, March 15, 2017
BRIEF-Ardagh's Coulson says IPO price attracted 'top quality' investor base
* says believes IPO priced at 'right level'; company was
keen to bring on right type of investors
Read more
keen to bring on right type of investors
Read more
Packaging group Ardagh surges 19 pct in New York debut
DUBLIN, March 15 (Reuters/IFR) - Packaging company Ardagh
Group surged 19 percent in its New York debut on
Wednesday, valuing the firm at about $5.3 billion after it
raised $307.8 million in an initial public offering to help to
pay down debt.
Read more
Group surged 19 percent in its New York debut on
Wednesday, valuing the firm at about $5.3 billion after it
raised $307.8 million in an initial public offering to help to
pay down debt.
Read more
UPDATE 1-Buyout groups secure funding to pursue Stada bids
FRANKFURT/LONDON, March 15 (Reuters) - Two private equity
consortia vying for control of German generic drugmaker Stada
have lined up funding to back their rival takeover
offers each worth 4.7 billion euros ($5.0 billion) including
debt.
Read more
consortia vying for control of German generic drugmaker Stada
have lined up funding to back their rival takeover
offers each worth 4.7 billion euros ($5.0 billion) including
debt.
Read more
Buyout groups confirm Stada bids, secure funding - sources
FRANKFURT, March 15 (Reuters) - The two private equity
consortia vying for Stada have made binding takeover
offers each worth 4.7 billion euros ($5.0 billion) including
debt, paving the way for a deeper look into the German generic
drugmaker's books, several people familiar with the matter said.
Read more
consortia vying for Stada have made binding takeover
offers each worth 4.7 billion euros ($5.0 billion) including
debt, paving the way for a deeper look into the German generic
drugmaker's books, several people familiar with the matter said.
Read more
UPDATE 3-Activist hedge fund critical of Walt Disney's move on Disneyland Paris
* Disneyland Paris has struggled with losses and debts
(Adds comment from source familiar with the matter)
Read more
(Adds comment from source familiar with the matter)
Read more
Tuesday, March 14, 2017
Russia's PIK to buy back depositary receipts, delist from LSE
MOSCOW, March 13 (Reuters) - Russian homebuilder PIK Group
said on Monday it had approved a tender
offer for its global depositary receipts (GDRs) and would cancel
their listing on the London Stock Exchange.
Read more
said on Monday it had approved a tender
offer for its global depositary receipts (GDRs) and would cancel
their listing on the London Stock Exchange.
Read more
Monday, March 13, 2017
Sunday, March 12, 2017
UK builder Bovis in talks with Galliford Try after rejecting bids
LONDON, March 12 (Reuters) - British homebuilder Bovis
has rejected a bid approach from rival Galliford Try
but remains in negotiations about a possible deal, the
firm said on Sunday, adding it had also rejected a proposal from
another suitor, Redrow.
Read more
has rejected a bid approach from rival Galliford Try
but remains in negotiations about a possible deal, the
firm said on Sunday, adding it had also rejected a proposal from
another suitor, Redrow.
Read more
CORRECTED-UPDATE 1-Lebanon eyes three tranches for $1.5 bln Eurobond-official
BEIRUT, March 10 (Reuters) - Lebanon's finance ministry has
mandated Barclays Plc, Byblos Bank, Societe Generale de Banque
au Liban and JPMorgan to refinance a $1.5 billion Eurobond with
settlement on March 20 and is planning three tranches, a
ministry official said.
Read more
mandated Barclays Plc, Byblos Bank, Societe Generale de Banque
au Liban and JPMorgan to refinance a $1.5 billion Eurobond with
settlement on March 20 and is planning three tranches, a
ministry official said.
Read more
Friday, March 10, 2017
Barclays executive Compton top earner with $9 mln share award
LONDON, March 9 (Reuters) - Barclays awarded its
chief operating officer Paul Compton shares worth 7.5 million
pounds ($9.11 million), more than the bank's chief executive was
paid in 2016, according to regulatory filings on Thursday.
Read more
chief operating officer Paul Compton shares worth 7.5 million
pounds ($9.11 million), more than the bank's chief executive was
paid in 2016, according to regulatory filings on Thursday.
Read more
Thursday, March 9, 2017
UPDATE 1-Austria's Novomatic working with Macquarie on potential IPO -sources
FRANKFURT, March 9 (Reuters) - The private owners of
Austrian gaming technology group Novomatic are
working with Macquarie to prepare an initial public offering
that could value the company at more than 6 billion euros ($6.3
billion), three sources familiar with the matter said.
Read more
Austrian gaming technology group Novomatic are
working with Macquarie to prepare an initial public offering
that could value the company at more than 6 billion euros ($6.3
billion), three sources familiar with the matter said.
Read more
Shell's CEO Van Beurden total pay jumps in 2016
LONDON, March 9 (Reuters) - Royal Dutch Shell said
on Thursday its chief executive Ben Van Beurden saw his total
pay jump 60 percent in 2016 to 8.263 million euros from 5.135
million a year earlier mainly due to deferred bonuses and share
plans.
Read more
on Thursday its chief executive Ben Van Beurden saw his total
pay jump 60 percent in 2016 to 8.263 million euros from 5.135
million a year earlier mainly due to deferred bonuses and share
plans.
Read more
German restaurant chain Vapiano picks banks for stock market listing -sources
FRANKFURT, March 8 (Reuters) - German restaurant chain
Vapiano has picked banks to arrange its stock market listing,
which may take place as early as after the European summer
break, people close to the matter said.
Read more
Vapiano has picked banks to arrange its stock market listing,
which may take place as early as after the European summer
break, people close to the matter said.
Read more
Wednesday, March 8, 2017
Italy's Unieuro files request to list on Milan bourse
MILAN, March 8 (Reuters) - Italian consumer electronics
retailer Unieuro has filed a request to list on the Milan bourse
and aims to complete its initial public offering (IPO) by the
end of June.
Read more
retailer Unieuro has filed a request to list on the Milan bourse
and aims to complete its initial public offering (IPO) by the
end of June.
Read more
Credit Suisse CFO says considering options over Swiss unit IPO
ZURICH, March 8 (Reuters) - Credit Suisse is
looking at the merits of going ahead as planned with an initial
public offering (IPO) of its domestic business after ending 2016
within its CET1 ratio target range, Chief Financial Officer
David Mathers said on Wednesday.
Read more
looking at the merits of going ahead as planned with an initial
public offering (IPO) of its domestic business after ending 2016
within its CET1 ratio target range, Chief Financial Officer
David Mathers said on Wednesday.
Read more
BRIEF-Leifheit intends capital increase by issuing bonus shares
* Management board of Leifheit AG intends capital increase from the company's funds at a
ratio of 1:1 by issuing bonus shares
Read more
ratio of 1:1 by issuing bonus shares
Read more
UPDATE 1-Credit Agricole picks JPMorgan for Banque Saudi Fransi sale -sources
DUBAI, March 8 (Reuters) - French bank Credit Agricole
has picked JPMorgan to advise it on a
potential sale of its 31 percent stake in Banque Saudi Fransi
, valued at nearly $2.4 billion, sources familiar with
the deal said.
Read more
has picked JPMorgan to advise it on a
potential sale of its 31 percent stake in Banque Saudi Fransi
, valued at nearly $2.4 billion, sources familiar with
the deal said.
Read more
Ireland examines potential retail offer in AIB IPO plans
DUBLIN, March 7 (Reuters) - Ireland's finance ministry is
looking at potentially including a retail offer in a planned
initial public offering of state-owned Allied Irish Banks
(AIB) that could be launched by May, it said on
Tuesday.
Read more
looking at potentially including a retail offer in a planned
initial public offering of state-owned Allied Irish Banks
(AIB) that could be launched by May, it said on
Tuesday.
Read more
Tuesday, March 7, 2017
Packaging conglomerate Ardagh launches long-awaited IPO in New York
DUBLIN, March 6 (Reuters) - Packaging conglomerate Ardagh
Group launched a long-awaited initial public offering
(IPO) late on Monday, as it sought to raise as much as $370
million by floating around 7 percent of the company on the New
York Stock Exchange.
Read more
Group launched a long-awaited initial public offering
(IPO) late on Monday, as it sought to raise as much as $370
million by floating around 7 percent of the company on the New
York Stock Exchange.
Read more
Monday, March 6, 2017
Banks could earn $332 million from wave of financial services deals
LONDON, March 6 (Reuters) - A spate of big deals by
financial services companies in Europe could earn investment
banks an estimated $332 million in advisory fees, with Goldman
Sachs set to take the lion's share of the pot.
Read more
financial services companies in Europe could earn investment
banks an estimated $332 million in advisory fees, with Goldman
Sachs set to take the lion's share of the pot.
Read more
Saturday, March 4, 2017
Deutsche Bank says prepares 8 billion euro capital increase
FRANKFURT, March 3 (Reuters) - Deutsche Bank is
preparing for a potential capital increase of about 8 billion
euros ($8.5 billion), it said in a statement on Friday.
Read more
preparing for a potential capital increase of about 8 billion
euros ($8.5 billion), it said in a statement on Friday.
Read more
Friday, March 3, 2017
UPDATE 1-Private equity firms offer to buy Shawbrook bank in $1 billion deal
LONDON, March 3 (Reuters) - British bank Shawbrook Group Plc
said on Friday it has received a joint offer from two
private equity firms to buy the lender less than two years since
it went public, in a deal worth 825 million pounds ($1 billion).
Read more
said on Friday it has received a joint offer from two
private equity firms to buy the lender less than two years since
it went public, in a deal worth 825 million pounds ($1 billion).
Read more
Private equity firms offer to buy Shawbrook bank in $1 billion deal
LONDON, March 3 (Reuters) - British bank Shawbrook Group Plc
said on Friday it has received an offer from private
equity firms Pollen Street Capital and BC Partners to buy the
lender in a deal worth 825 million pounds ($1.01 billion).
Read more
said on Friday it has received an offer from private
equity firms Pollen Street Capital and BC Partners to buy the
lender in a deal worth 825 million pounds ($1.01 billion).
Read more
Ireland to select bookrunners, managers as AIB IPO inches closer
DUBLIN, March 3 (Reuters) - Ireland's government will select
bookrunners and co-lead managers to assist a potential share
sale of state-owned Allied Irish Banks (AIB), it said
on Friday, in a further signal that it could launch an IPO by
May.
Read more
bookrunners and co-lead managers to assist a potential share
sale of state-owned Allied Irish Banks (AIB), it said
on Friday, in a further signal that it could launch an IPO by
May.
Read more
UPDATE 1-Music service Spotify tweets it now has 50 mln paid subscribers
March 3 (Reuters) - Spotify has reported via Twitter that it
now has 50 million paid subscribers, a rise of 25 percent in
less than six months, and extending the music streaming
service's lead over its closest rival, Apple Music.
Read more
now has 50 million paid subscribers, a rise of 25 percent in
less than six months, and extending the music streaming
service's lead over its closest rival, Apple Music.
Read more
UPDATE 1-Allied Irish ready to IPO as resumes dividend payments
* FY profit 1.7 bln eur, fully loaded CET1 ratio 15.3 pct
(Adds CFO interview, quotes from chairman)
Read more
(Adds CFO interview, quotes from chairman)
Read more
Thursday, March 2, 2017
Spanish stocks - Factors to watch on Thursday
The following Spanish stocks may be affected by newspaper
reports and other factors on Thursday. Reuters has not verified
the newspaper reports, and cannot vouch for their accuracy:
Read more
reports and other factors on Thursday. Reuters has not verified
the newspaper reports, and cannot vouch for their accuracy:
Read more
Wednesday, March 1, 2017
Allied Irish resumes dividend payments, ready for IPO
DUBLIN, March 2 (Reuters) - Allied Irish Banks
(AIB) became the first of Ireland's lenders to restart dividends
since the financial crash almost a decade ago, proposing a 250
million euro ($263 million) payment and saying it was ready to
IPO this year.
Read more
(AIB) became the first of Ireland's lenders to restart dividends
since the financial crash almost a decade ago, proposing a 250
million euro ($263 million) payment and saying it was ready to
IPO this year.
Read more
Irish fin min says AIB results support 2017 IPO plans
DUBLIN, March 2 (Reuters) - Allied Irish Banks
(AIB) results and first proposed dividend since 2008 support the
view that 2017 is an appropriate time to consider an IPO of the
state-owned bank, finance minister Michael Noonan said on
Thursday.
Read more
(AIB) results and first proposed dividend since 2008 support the
view that 2017 is an appropriate time to consider an IPO of the
state-owned bank, finance minister Michael Noonan said on
Thursday.
Read more
Subscribe to:
Posts (Atom)