UPDATE 2-Dana axes offer to swap $700 mln bond in pivotal Islamic finance case

DUBAI, July 31 (Reuters) - Dana Gas has revoked an offer to creditors to exchange its outstanding $700 million Islamic bond for new notes, ending the chance of a consensual resolution to a case that could shape the future of the global Islamic finance industry.

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BRIEF-Jupiter Energy calls off AIM listing plans

* Board have reviewed company's aim listing and concluded that these benefits of listing have not been realised

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Asian high yield suffers triple whammy, as investors push back

* Three bond deals withdrawn as record issuance finally takes toll

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Airlines' Atlantic pact guards against budget rivals and Brexit

BERLIN/NEW YORK, July 28 (Reuters) - A transatlantic alliance between three global airlines will shore up their position in the lucrative UK-U.S. market, shielding them from low-cost rivals and the uncertainties of Britain's exit from the European Union.

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TREASURIES-Bond prices fall, yield curve steepens on heavy supply

(Adds auction results, quotes; updates prices) * Treasury sells $28 bln seven-year notes to fair demand * AT&T markets large bond sale * Gross domestic product data in focus on Friday By Karen Brettell NEW YORK, July 27 (Reuters) - U.S. Treasury prices fell on Thursday as the market was weighed down by government and corporate debt supply, and as investors evaluated the Federal Reserve's statement that it is closer to paring its balance sheet. The Treasury Department so

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UPDATE 1-Delta, Air France-KLM, Virgin rejig Atlantic alliances

PARIS, July 27 (Reuters) - Delta Air Lines, Air France-KLM and Virgin Atlantic unveiled plans on Thursday to combine two overlapping transatlantic joint-ventures, cemented by $1 billion of equity deals as airlines brace for competition and wider consolidation.

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Air France-KLM in $1 bln equity deals to expand alliances

PARIS, July 27 (Reuters) - Air France-KLM on Thursday announced plans for over $1 billion of equity transactions with other airlines in what it described as a move to become the European pillar of an enhanced global network.

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BRIEF-Myriad Group plans to increase capital to up to CHF 15 mln

* MYRIAD GROUP AG ANNOUNCES EXTRAORDINARY GENERAL MEETING TO BE HELD ON 24 AUGUST 2017, TO APPROVE CAPITAL INCREASE AND NOMINATION OF NEW DIRECTOR

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UPDATE 1-FTSE Russell says most investors support voting rights for index inclusion

BOSTON, July 25 (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

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FTSE Russell says majority support voting rights for index inclusion

BOSTON, July 25 (Reuters) - Index provider FTSE Russell said on Tuesday that a majority of investors it surveyed supported its suggestion that companies should offer at least some voting rights in order to be included in its stock indexes.

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UPDATE 1-Drillisch shareholders approve takeover by United Internet

* Merger creates more credible challenge to network operators

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Zimbabwe's Simbisa seeks AIM listing, foreign acquisition

HARARE, July 24 (Reuters) - Zimbabwe's largest fast-food restaurant operator, Simbisa Brands, plans a secondary listing on the London Stock Exchange's junior market to raise capital to expand and for a potential foreign acquisition, it said on Monday.

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PRESS DIGEST- British Business - July 24

July 24 (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.

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UPDATE 1-Dubai Aerospace raises $2.3 bln in bonds for AWAS deal

DUBAI, July 23 (Reuters) - Dubai Aerospace Enterprise (DAE) has priced $2.3 billion in senior bonds split across three tranches, the company said on Sunday.

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Tissue Regenix raises 40 mln stg to buy U.S. regenerative medicine firm

LONDON, July 21 (Reuters) - Tissue Regenix said on Friday it had raised 40 million pounds ($52 million) by selling new shares to buy CellRight Technologies, a U.S regenerative medicine company that specialises in spine surgery and orthopaedics.

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UPDATE 1-BP says it is considering IPO of U.S. pipeline assets

July 18 (Reuters) - BP Plc is considering spinning off certain U.S. pipeline assets in the U.S. Gulf and Midwest in an initial public offering, the company said in a statement on Tuesday.

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Dana Gas to lift UAE sukuk injunction to comply with London court -source

DUBAI, July 18 (Reuters) - Dana Gas will lift an injunction it obtained in a United Arab Emirates court protecting it against claims on $700 million of Islamic bonds to comply with a London court order, a source with knowledge of the matter told Reuters.

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India's HDFC Life revives IPO plan as Max Life deal struggles

MUMBAI, July 17 (Reuters) - India's HDFC Standard Life Insurance Co Ltd said on Monday it had revived a planned initial public offering, as it struggles to get regulatory approval to buy smaller rival Max Life.

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UPDATE 2-Centrica merges oil business with Bayerngas to tap younger fields

* Centrica to pay 340 mln pounds out to 2022 for decommissioning

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New UK listing rules set to attract state companies beyond Aramco

* FCA proposed listing category tailored for state-owned firms

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UAE's Dana Gas describes UK court decisions on sukuk as favourable

DUBAI, July 16 (Reuters) - Abu Dhabi-listed Dana Gas described decisions by the High Court of Justice in London as favourable, as the company seeks to restructure $700 million of outstanding sukuk on the grounds that the instruments have become unlawful in the UAE.

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UPDATE 1-Marriott to join NatWest Markets FIG DCM team

LONDON, July 14 (IFR) - James Marriott, head of financial institutions group debt capital markets at UBS for Europe, Middle East and Africa, is joining NatWest Markets, according to multiple sources.

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UBS banker James Marriott to join NatWest Markets DCM team - sources

LONDON, July 14 (IFR) - James Marriott, head of financial institutions group debt capital markets at UBS in Europe, Middle East and Africa, is joining NatWest Markets debt capital markets team, according to multiple sources. (Reporting by Alice Gledhill, Editing by Helene Durand)

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UPDATE 1-Goldman, JPMorgan, HSBC vie for lead roles on UAE ADNOC retail unit IPO -sources

ABU DHABI/DUBAI, July 12 (Reuters) - Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail business as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said.

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Goldman, JPMorgan, HSBC in race for lead roles on UAE ADNOC retail unit IPO -sources

ABU DHABI/DUBAI, July 12 (Reuters) - Abu Dhabi's national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail unit as the emirate joins other Gulf states in privatising assets, sources familiar with the matter said.

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UPDATE 2-Activist Loeb keeps up performance pressure on Nestle -source

LONDON, July 10 (Reuters) - Activist investor Daniel Loeb is keeping up pressure on Nestle by sharing views with the company as part of a regular dialogue, a source familiar with the matter told Reuters.

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UPDATE 1-Activist Loeb keeps up pressure on Nestle - source

* Nestle shares pare gains made in wake of Loeb letter (Updates with details of Nestle campaign)

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Third Point Ultra fund up 0.9 pct in June amid Nestle campaign

LONDON, July 10 (Reuters) - Hedge fund Third Point's Ultra fund gained 0.9 percent in June, taking its year-to-date performance to 17.2 percent, a source familiar with the matter said on Monday, giving activist investor Dan Loeb a boost as he pushes for a shake-up at Nestle.

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BRIEF-Ireland exercises over-alotment option in AIB IPO

* Announces exercise of over-allotment option in relation to Allied Irish Banks

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UPDATE 1-London court to hear Dana Gas sukuk case in September

DUBAI/LONDON, July 5 (Reuters) - London's High Court plans to hold a full hearing in September on efforts by Abu Dhabi-listed Dana Gas to restructure $700 million of its Islamic bonds, sources familiar with the case said on Wednesday.

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Creditors seek to overturn Dana Gas sukuk injunction in UK court

DUBAI, July 5 (Reuters) - The owners of Islamic bonds issued by Abu Dhabi-listed Dana Gas have gone to London's High Court of Justice to try to overturn an injunction that prevents them from forcing repayment of the $700 million of sukuk.

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Russia's PIK to consolidate shareholder structure, plans SPO

MOSCOW, July 5 (Reuters) - Russian homebuilder PIK Group said on Wednesday it will consolidate its shareholder structure by raising a stake held by companies owned by Sergei Gordeev and will hold a secondary placement of its shares in the medium term.

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UPDATE 1-Guinness Nigeria starts $126 mln share sale to cut funding costs

LAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 million) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30 years last year.

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Guinness Nigeria starts $126 mln share sale to cut funding costs

LAGOS, July 4 (Reuters) - Guinness Nigeria on Tuesday launched a share sale to raise 39.7 billion naira ($126 mln) from existing shareholders to help lower its financing costs after reporting its first annual loss in 30-years last year.

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UPDATE 1-Spain's Santander launches Popular rights issue at 19 pct discount

* Expects H1 net profit of 3.6 bln euros (Adds details, background)

from Reuters: New Issues News http://ift.tt/2tK44Ma

Spain's Santander launches 7 bln euros rights issue at 4.85 eur/share

MADRID, July 3 (Reuters) - Spain's Banco Santander on Monday launched a 7 billion euros ($7.95 billion) rights issue at a price of 4.85 euros per share, a move it had flagged a month ago when it took over rescued peer Banco Popular for a nominal euro.

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