Jumat, 30 Juni 2017

UK debt agency names banks for 2056 linker syndicate

LONDON, June 30 (Reuters) - Britain's government debt agency named Citi, Goldman Sachs, J.P. Morgan, and Nomura on Friday as joint bookrunners for the sale via syndication next month of an index-linked gilt maturing in 2056.

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Kamis, 29 Juni 2017

Global equity listings up by a third, but below previous peaks

LONDON, June 30 (Reuters) - Global equity listings rose sharply in the first half of the year, compared with a year earlier, driven by the U.S. market as well as rights issues in Europe, Thomson Reuters data showed, but remained way off 2015's surge.

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Premier Foods explores options as part of regular review

LONDON, June 29 (Reuters) - Premier Foods, the owner of British food brands including Mr Kipling cakes and Oxo stock cubes, is exploring options as part of a regular review into maximizing shareholder value.

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Hurricane Energy to raise $520 mln to fund North Sea field

LONDON, June 29 (Reuters) - Hurricane Energy plans to raise $520 million for test drilling at its Lancaster oilfield in the North Sea, a major milestone for the project that could breathe new life into the ageing offshore basin.

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Loss-making Delivery Hero to list at premium to online takeaway peers

BERLIN, June 29 (Reuters) - Loss-making online food takeaway firm Delivery Hero will list on Friday in a flotation that values one of Europe's largest Internet startups at 4.4 billion euros ($5 billion) as investors bet on a rapid shift to ordering on apps.

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Rabu, 28 Juni 2017

UPDATE 1-SEC probes bankers from Barclays, Morgan Stanley on Puerto Rico bond sales

June 28 (Reuters) - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, according to filings with the Financial Industry Regulatory Authority (FINRA).

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SEC probes Barclays, Morgan Stanley bankers on Puerto Rico bonds -Bloomberg

June 28 (Reuters) - The U.S. Securities and Exchange Commission may take action against bankers from Barclays Plc and Morgan Stanley for their roles in Puerto Rico bond sales, Bloomberg reported.

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UPDATE 1-Delivery Hero on track to raise 1 bln euros with listing

* Orders below 25.50 euros a share risk missing deal - sources

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UPDATE 1-Britain's Co-op Bank agrees $900 million rescue package

* Rescue avoids central bank intervention (Adds PRA response, details)

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Selasa, 27 Juni 2017

StanChart-backed China Bohai Bank seeks market listing

DALIAN, China, June 27 (Reuters) - China Bohai Bank Co , one of the country's 12 national joint-stock banks, is preparing for an initial public offering (IPO), Chairman Li Fuan said on Tuesday at the World Economic Forum in the northeastern city of Dalian.

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Senin, 26 Juni 2017

UPDATE 1-Stada buyout falls short of shareholder acceptance target

* Stada shares drop 8 pct in after-market trading (Adds Stada CEO, background)

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Jumat, 23 Juni 2017

UPDATE 1-Ireland raises 3 bln euros from "milestone" AIB share sale

* Provides strong platform for future sales-minister (Adds details, quotes)

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Kamis, 22 Juni 2017

AIB listing priced at 4.40 euro per share, raises 3 billion euros

DUBLIN, June 23 (Reuters) - Ireland raised 3 billion euros ($3.35 billion) on Friday via Allied Irish Banks' (AIB) return to the stock market, selling a quarter of the state-owned bank at 4.40 euros per share in one of the largest bank listings since the financial crisis.

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Irish finance minister "very happy" with AIB IPO after books close

DUBLIN, June 22 (Reuters) - Ireland's finance minister said he was very happy with how the process of Allied Irish Banks' (AIB) initial public offering had gone after order books on its sale of a 25 percent stake in the state-owned lender closed on Thursday.

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Rabu, 21 Juni 2017

AIB further narrows IPO price range to 4.30-4.50 euros

DUBLIN, June 21 (Reuters) - Allied Irish Banks' (AIB) has further revised the price guidance for its stock market listing to between 4.30 euros to 4.50 euros with order books covered throughout the range, the bookrunner on the deal said on Wednesday.

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Diamond's Atlas Mara to raise US$200m in revival plan

LONDON, June 21 (IFR) - Bob Diamond’s African investment vehicle Atlas Mara said it is raising US$200m from Fairfax Africa and existing shareholders to kick-start the bank after a tough three years since listing.

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Selasa, 20 Juni 2017

UPDATE 1-Ireland set to net 3 bln euros from AIB IPO as pricing narrowed

* Proceeds could hit 3.5 bln euros on over-allotment option (Adds details)

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AIB narrows IPO price range, book covered at upper end

DUBLIN, June 20 (Reuters) - Allied Irish Banks' (AIB) has revised the price range for its stock market listing to between 4.20 euros to 4.60 euros with order books covered in the upper half of the new range, the bookrunner on the deal said on Tuesday.

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Metals recycler Befesa attracts private equity bids - sources

FRANKFURT/LONDON, June 20 (Reuters) - Metals recycler Befesa has attracted bids from several private equity groups as its owner mulls whether to list the company on the stock exchange or opt for an outright sale.

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China's Fosun raises offer for Fabergé owner Gemfields

June 20 (Reuters) - China's Fosun International has increased its offer for Fabergé owner Gemfields to 256 million pounds ($324 million), turning up the heat in a bid battle with the largest shareholder of the London-listed company.

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Senin, 19 Juni 2017

UPDATE 1-France's Orange to cut stake in BT Group

PARIS, June 19 (Reuters) - French telecoms company Orange plans to reduce its stake in British rival BT Group from 4 percent to as little as 1.33 percent, it said on Monday.

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France's Orange to cut stake in BT Group to 2.66 pct or less

PARIS, June 19 (Reuters) - French telecoms firm Orange said on Monday it was reducing its stake in Britain's BT Group to about 2.66 percent from 4 percent, and could cut it further to as little as 1.33 percent.

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UPDATE 2-Delivery Hero aims to raise around 1 bln euros via listing

* Shares to start trading on June 30 (Adds comments from investors, bankers, source familiar with company)

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Jumat, 16 Juni 2017

Wall St Week Ahead-Tech to see bump in growth weighting in Russell rejig

NEW YORK, June 16 (Reuters) - The largecap technology sector is expected to see a bump in its growth weighting when index provider Russell Investments completes the annual refresh of its benchmarks next Friday, a move that could lift tech shares targetted in the rejig.

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Buyout group says support for Shawbrook offer inches up ahead of Monday deadline

June 16 (Reuters) - Private equity groups trying to take control of British challenger bank Shawbrook Group Plc said 46.6 percent of shares in the lender now counted towards the 50 percent threshold needed by a deadline on Monday for the deal to go through.

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Kamis, 15 Juni 2017

Co-op sub debt holders set for £27m coupon payments

LONDON, June 15 (IFR) - Holders of Co-operative bank's subordinated debt are set to receive some £27m of coupon payments in the coming weeks despite the troubled UK lender struggling to find a buyer for its business.

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Dominos Pizza in Turkey, Russia aims for $422 mln share market valuation

LONDON, June 15 (Reuters) - DP Eurasia, the Domino's Pizza franchise holder in Russia and Turkey, has set a price range of between 200 and 230 pence a share for its initial public offer on the London Stock Exchange, implying a market capitalisation of up to 331 million pounds ($422 million).

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Rabu, 14 Juni 2017

Indigo Partners to sell its 18.7 percent Wizz Air stake

DUBLIN, June 14 (Reuters) - Indigo Partners, the private equity firm managed by Bill Franke, the veteran U.S. low-cost airline investor, is selling its 18.7 percent stake in eastern European low-cost carrier Wizz Air, it said on Wednesday.

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Selasa, 13 Juni 2017

UPDATE 1-Allied Irish Banks float fully subscribed

LONDON, June 13 (Reuters) - Allied Irish Banks' stock market listing has been fully subscribed, including the greenshoe option, its bookrunner said on Tuesday, in a sign of investor demand for what is set to be one of Europe's biggest bank flotations since the 2008 financial crisis.

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Allied Irish Banks float fully subscribed - bookrunner

LONDON, June 13 (Reuters) - The book on Allied Irish Banks' initial public offering has been fully subscribed, including the greenshoe option, the bookrunner said on Tuesday.

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UPDATE 1-Abu Dhabi's Dana Gas seeks restructuring of "unlawful" $700 mln sukuk

DUBAI, June 13 (Reuters) - Abu Dhabi's Dana Gas said it would propose restructuring $700 million of outstanding Islamic bonds on Tuesday to a committee of holders of the sukuk, which it said was not sharia-compliant.

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Senin, 12 Juni 2017

Allied Irish Banks plans to seek permission to pay dividend in 2018 -prospectus

LONDON, June 12 (Reuters) - Allied Irish Banks does not intend to pay an interim dividend in 2017 but expects to seek permission in 2018 for a final dividend for full-year 2017, the lender's initial public offering prospectus said on Monday.

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UPDATE 1-IPO price range values Allied Irish Banks at up to 13.3 bln euros

DUBLIN, June 12 (Reuters) - Shares in Allied Irish Banks (AIB) will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros ($14.9 billion), Ireland's finance ministry said in a statement.

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IPO price range values Allied Irish Banks at up to 13.3 bln euros

DUBLIN, June 12 (Reuters) - Shares in Allied Irish Banks (AIB) will be priced at between 3.90 and 4.90 euros when a 25 percent stake is floated in Dublin and London, valuing the state-owned lender at up to 13.3 billion euros ($14.9 billion), Ireland's finance ministry said in a statement.

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Ocado prepares first bond delivery

LONDON, June 12 (IFR) - Ocado Group is planning to sell a debut bond to fund its UK retail capacity and improvements to its proprietary platform.

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UK online supermarket Ocado to raise 350 mln pounds to support growth

LONDON, June 12 (Reuters) - Britain's Ocado plans to raise at least 350 million pounds ($446 million) from issuing bonds and making changes to its banking facilities, money that the online food retailer will use to expand capacity and develop software, it said on Monday.

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CEE MARKETS-Zloty eases ahead of CPI data, Poland leads bank stock slide

* Zloty eases, CPI figures may underpin central bank doves * Polish markets will be closed on Thursday * Warsaw bank stock index shed 2 pct, leading fall of CEE shares By Sandor Peto and Bartosz Chmielewski BUDAPEST/WARSAW, June 12 (Reuters) - Warsaw bank shares led Central European equities lower on Monday as they tracked losses in Western Europe and Asia following Friday's technology sell-off on Wall Street. Investors were also cautious before Wednesday's Federal Reser

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Jumat, 09 Juni 2017

Ireland says AIB listing remains on track after UK election

DUBLIN, June 9 (Reuters) - Ireland's initial public offering of Allied Irish Banks (AIB) remains on track after neighbouring Britain's election and a price range will be issued in the next week or so, a spokesman for the finance ministry said on Friday.

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Kamis, 08 Juni 2017

UPDATE 1-UK must not bend rules to allow Saudi Aramco IPO -Royal London

LONDON, June 8 (Reuters) - A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be "highly inappropriate", fund manager Royal London said on Thursday, adding it would lobby against such a move.

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Fund manager Royal London says bending of UK listing rules for Saudi Aramco IPO "highly inappropriate"

LONDON, June 8 (Reuters) - A change in UK listing rules for a potential initial public offering of oil giant Saudi Aramco would be "highly inappropriate", fund manager Royal London said on Thursday, adding it would lobby strongly against such a move.

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Rabu, 07 Juni 2017

Online fashion company Boohoo.com raises sales forecast

June 7 (Reuters) - Online fashion retailer Boohoo.com Plc on Wednesday nudged its full-year sales forecast upwards after a doubling in first-quarter sales on the back of strong demand across all its businesses.

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REFILE-Trafigura pledges to cut debt, reduce share buybacks

* Core leverage metrics to improve in the next quarters - CFO

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Italy - Factors to watch on June 7

The following factors could affect Italian markets on Wednesday.

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Selasa, 06 Juni 2017

CEE MARKETS-Stocks mostly retreat despite Waberer's IPO, bonds firm

* Political uncertainty fuels profit taking in CEE stock markets * Hungarian haulage firm Waberer's announces rare IPO * Bonds firms slightly, Polish central bank seen holding fire By Sandor Peto BUDAPEST, June 6 (Reuters) - Central European stocks fell on Tuesday despite a rare initial public offering (IPO) announced in Budapest, ahead of elections in Britain and France and as some Arab states severed ties with Qatar. Political uncertainty weighed on stock markets globa

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UPDATE 2-Germany's Delivery Hero lines up latest online takeaway IPO

* IPO seen as a boost for Rocket Internet (Adds comments from CEO, background)

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Senin, 05 Juni 2017

UPDATE 1-RBS braces for trial over 2008 share sale case

LONDON, June 5 (Reuters) - Royal Bank of Scotland is set to face a trial it had hoped to avert over its 2008 share sale, as the last group of holdout investors in the case secured the funds they need to proceed to trial, a source involved in the claim said on Monday.

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RBS claimants face dash for funding as bank refuses to up settlement

LONDON, June 5 (Reuters) - Royal Bank of Scotland is refusing to raise its offer to shareholders still suing the bank over its 2008 share sale, sources with knowledge of the matter said, leaving the claimants in a race to raise 3 million pounds ($3.9 million) to proceed with the case.

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UPDATE 1-Delivery group DX secures backing for revised Menzies deal

June 5 (Reuters) - UK mail delivery company DX Group agreed to acquire John Menzies' distribution arm through a reverse takeover on Monday, securing backing from its largest investors after terms of the deal were revised.

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UPDATE 1-Societe Generale launches IPO for car leasing arm ALD Automotive

PARIS, June 5 (Reuters) - Societe Generale will sell up to 23 percent of its car leasing arm ALD Automotive in an initial public offering (IPO) this month, the French bank said on Monday, potentially raising as much as 1.6 billion euros ($1.8 billion).

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Jumat, 02 Juni 2017

Russian tycoon Deripaska says En+ wants $1.5 bln from possible IPO

MOSCOW, June 2 (Reuters) - En+ Group, which manages Russian tycoon Oleg Deripaska's aluminium and hydro power businesses, wants to raise about $1.5 billion from a possible initial public offering (IPO) in London, Deripaska said on Friday.

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