UK's Cabot Energy says must clinch January equity raise

Oil and gas company Cabot Energy Plc warned on Monday that it might not be able to operate as a going concern if it does not raise money from shareholders in January to fund its operations and settle debt, hurt by lower Canadian crude oil revenue and contract prices.

from Reuters: New Issues News https://reut.rs/2Rogc0B

CORRECTED-Woodford Investment Management stake in Kier falls after rights issue

Woodford Investment Management, the investment house owned by influential fund manager Neil Woodford, saw its stake in troubled British builder Kier Group Plc fall after it did not take up all its rights in a share issue, a regulatory filing showed on Friday.

from Reuters: New Issues News https://reut.rs/2T4Z39o

Europe is biggest drag in slump in 2018 equity raising

European equity raising slowed sharply in 2018, making it the biggest drag on falling global activity, Refinitiv data showed on Friday, as political uncertainty and growth concerns made it harder to persuade investors to buy stock.

from Reuters: New Issues News https://ift.tt/2T1bfIA

Elior makes progress in sale of Areas catering business - sources

France's Elior hopes to raise more than 1 billion euros ($1.1 billion) from the sale of its concessions catering business Areas and is working with banks including Morgan Stanley, several sources told Reuters.

from Reuters: New Issues News https://ift.tt/2SWKhle

UPDATE 1-Sweden's Cherry receives $1 bln takeover offer from Bridgepoint

A consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash for Swedish gaming company Cherry AB, Cherry said on Tuesday.

from Reuters: New Issues News https://ift.tt/2rJEwM2

Sweden's Cherry receives $1 bln takeover offer from Bridgepoint

Swedish gaming company Cherry AB said on Tuesday that a consortium led by British private equity firm Bridgepoint has made a takeover offer of 9.19 billion Swedish crowns ($1 billion) in cash.

from Reuters: New Issues News https://ift.tt/2A3g4dc

Euro zone banks shouldn't be allowed to use AT1 bonds to meet requirement

Banks should not be allowed to use contingent convertible bonds, known in the market as AT1, to meet the capital requirements set by the European Central Bank, ECB supervisor Sabine Lautenschlaeger said on Friday.

from Reuters: New Issues News https://ift.tt/2Lh1vHp

DNO presses on with $780 mln Faroe Petroleum cash bid despite board rejection

Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.

from Reuters: New Issues News https://ift.tt/2QJHoa0

UPDATE 2-NZ's Trade Me backs offer from UK firm, shares hit new record high

* NZ's Trade Me enters agreement with private equity firm Apax

from Reuters: New Issues News https://ift.tt/2zX2VST

UPDATE 1-NZ's Trade Me backs buyout offer from UK private equity firm

New Zealand's top online marketplace Trade Me Group said it had agreed to be acquired by a British private equity firm for NZ$2.56 billion ($1.76 billion) or NZ$6.45 a share, after it matched a rival offer.

from Reuters: New Issues News https://ift.tt/2UyEFza

UK's Interserve in talks with lenders to convert debt to equity

British outsourcing company Interserve Plc said on Sunday it is in talks with its lenders on a debt reduction plan that is likely to involve converting a substantial part of the company's debt into new equity.

from Reuters: New Issues News https://ift.tt/2RKRULf

UK outsourcer Interserve considering new capital, non-core sales

British support services company Interserve is looking at bringing new capital into the business and selling non-core businesses, it said in a statement on Saturday.

from Reuters: New Issues News https://ift.tt/2E87TiA

Portugal china maker VAA dishes out shares to support global push

Portugal's leading fine china maker Vista Alegre Atlantis (VAA) has launched a secondary share offering to significantly increase its free float and support what it sees as strong growth opportunities in Europe, the Americas and Asia.

from Reuters: New Issues News https://ift.tt/2rlTeJ8

PRESS DIGEST- Financial Times - Dec 7

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2AX788T

Investing platform AJ Bell to trade in London after $860 mln IPO

Britain's AJ Bell is set to trade on the London Stock Exchange on Friday, after an initial public offering (IPO) that valued the investment platform provider at up to 675 million pounds ($863 million).

from Reuters: New Issues News https://ift.tt/2G71tmr

UK's AJ Bell sets 160p as offer price for IPO

Financial services company AJ Bell Plc said on Thursday said it set its offer price at 160 pence per share, which would value the company at 651 million sterling ($832.30 million).

from Reuters: New Issues News https://ift.tt/2Sym702

Abu Dhabi meets bond investors in non-deal roadshow, sources say

Abu Dhabi held meetings with international bond investors in a so-called non-deal roadshow before a potential bond issue next year, sources familiar with the matter said, as a recent drop in oil prices might prompt Gulf countries to borrow soon.

from Reuters: New Issues News https://ift.tt/2BUQA35

UPDATE 4-Takeda clears key hurdle as investors back $59 billion Shire deal

* Shares in Shire and Takeda both gain ground (Updates with approval from Shire shareholders)

from Reuters: New Issues News https://ift.tt/2UjnwJU

UPDATE 3-Property firms Summit Germany, Gateway eye 2019 share sales -sources

* Gateway considering raising capital in H1 2019 (Adds confirmation from Gateway)

from Reuters: New Issues News https://ift.tt/2SwX9ON

UPDATE 2-EnQuest sees 20 pct higher oil production in 2019

* RBC analysts say 2019 forecast lower than expected (Adds analyst comments, shares, details)

from Reuters: New Issues News https://ift.tt/2Pn6PJA

UPDATE 2-Property firm Summit Germany eyes 2019 share sale - sources

German commercial property group Summit is exploring a 2019 share sale to raise money for new investments and make it easier to trade its stock, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2zLVKNj

UPDATE 3-Takeda investors back $59 bln Shire deal, but wary of debt load

* Shares in Shire and Takeda both gain following vote (Adds latest shares, timing for completion of deal)

from Reuters: New Issues News https://ift.tt/2E2NbR3

UPDATE 1-Property firm Summit Germany eyes 2019 share sale - sources

German commercial property group Summit is exploring a 2019 share sale to raise money for new investments and make it easier to trade its stock, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2DYSRvo

Property firm Summit Germany eyes 2019 share sale - sources

German commercial property group Summit is exploring a 2019 share sale as it seeks to reap proceeds for new investments and increase its free float, people close to the matter said.

from Reuters: New Issues News https://ift.tt/2PlCB9O

UPDATE 2-Sorrell's new S4 bolsters digital ad skills with MightyHive deal

Martin Sorrell's S4 Capital has agreed to buy San Francisco-based programmatic ad firm MightyHive for an enterprise value of $150 million, funded by the issue of new shares worth 74 million pounds ($94 million).

from Reuters: New Issues News https://ift.tt/2ARx6L7

UPDATE 1-Martin Sorrell's S4 Capital buys programmatic ad firm MightyHive

Martin Sorrell's S4 Capital has agreed to buy San Francisco-based programmatic ad firm MightyHive for an enterprise value of $150 million, funded by the issue of new shares worth 74 million pounds ($94 million).

from Reuters: New Issues News https://ift.tt/2EbXOlC

Martin Sorrell's S4 Capital buys programmatic ad firm MightyHive

Martin Sorrell's S4 Capital has agreed to buy San Francisco-based programmatic ad firm MightyHive for an enterprise value of $150 million, funded by the issue of new shares worth 74 million pounds ($94 million).

from Reuters: New Issues News https://ift.tt/2G7g3dU

RPT-Euro bond traders, platforms trigger "Plan B" for no-deal Brexit

London-based bond trading platforms and investment banks running European governments' debt sales are accelerating plans to move business across the Channel, fearing a no-deal Brexit will leave them unable to serve continental clients.

from Reuters: New Issues News https://ift.tt/2KBjKqC

UPDATE 5-Faroe Petroleum scorns $781 mln DNO bid as 'inadequate'

* Faroe shares close over 26 pct (Adds rejection from Faroe, comments and updates shares)

from Reuters: New Issues News https://ift.tt/2zryWCc

Euro bond traders, platforms trigger "Plan B" for no-deal Brexit

London-based bond trading platforms and investment banks running European governments' debt sales are accelerating plans to move business across the Channel, fearing a no-deal Brexit will leave them unable to serve continental clients.

from Reuters: New Issues News https://ift.tt/2r4GZAj

UPDATE 4-Faroe Petroleum shares soar after DNO makes hostile bid

Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds ($781 million), sending Faroe shares up by a quarter.

from Reuters: New Issues News https://ift.tt/2Rf2I4f

UPDATE 3-DNO launches hostile bid for Faroe Petroleum, shares soar

Norway's DNO has launched a bid to buy all of Faroe Petroleum in a deal worth around 607.9 million pounds ($779.81 million), sending shares in the London-listed company up by a quarter.

from Reuters: New Issues News https://ift.tt/2Bx8lFx

UPDATE 1-DNO cash takeover offer values Faroe Petroleum at $780 mln

* Faroe CEO has said would prefer to stay independent (Adds detail, background)

from Reuters: New Issues News https://ift.tt/2BxIeOO

DNO offers to buy Faroe Petroleum for $780 mln in cash

Norway's DNO has offered to buy Faroe Petroleum for 152 pence per share in cash, valuing the London-listed company at 607.9 million pounds ($779.81 million), DNO, which already owns just over 28 percent of Faroe, said on Monday.

from Reuters: New Issues News https://ift.tt/2Kxknl3

CORRECTED-UAE's Finablr hires banks for IPO, listing in London – sources

United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half of 2019 on the London Stock Exchange, three sources told Reuters.

from Reuters: New Issues News https://ift.tt/2QdPbN3

UAE's Finablr hires banks for IPO, listing in London – sources

United Arab Emirates-based payments and foreign exchange company Finablr has hired JP Morgan and Barclays as global coordinators for its listing in the first half of 2019 on the London Stock Exchange, three sources told Reuters.

from Reuters: New Issues News https://ift.tt/2FBSjhH

TREASURIES-Yields fall as tumbling stocks prompt safety buying

U.S. Treasury yields fell to six-week lows on Monday as stocks fell, boosting demand for low-risk U.S. government debt. Major stock indexes slid 2 percent as a slump in Apple shares bat

from Reuters: New Issues News https://ift.tt/2qTGoBx

Barclays not liable to buyers of U.S. IPO before 2008 crisis -appeals court

Barclays Plc is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday.

from Reuters: New Issues News https://ift.tt/2DxJQti

UPDATE 1-Struggling Fastjet plans to raise at least $40 mln

Low-cost African airline Fastjet , which said in September it needed more cash within a month to continue operating, announced a fundraising and equity refinancing aimed at increasing its equity base by at least $40 million.

from Reuters: New Issues News https://ift.tt/2qQSrPX

Struggling Fastjet plans to raise at least $40 mln

Fastjet said it plans fundraising and equity refinancing to increase its equity base by at least $40 million, days after it said discussions with shareholders and creditors were continuing.

from Reuters: New Issues News https://ift.tt/2zcGqJr

UPDATE 2-Private equity group 3i's Action defers store openings

Private equity group 3i's biggest investment, discount retailer Action, is delaying 20 store openings to early 2019 to manage peak December demand in France.

from Reuters: New Issues News https://ift.tt/2PrICqo

UPDATE 1-Private equity group 3i's Action defers store openings

Private equity group 3i's biggest investment, discount retailer Action, is delaying 20 store openings to early 2019 to manage peak December demand at its French store network.

from Reuters: New Issues News https://ift.tt/2zeenJv

CORRECTED-Buyout firm 3i says H1 total returns up 11 pct

Private equity firm 3i on Thursday posted a total return of 728 million pounds ($947.56 million) over the first half, up 11 percent from the same period of 2017, boosted by gains on some of its larger investments.

from Reuters: New Issues News https://ift.tt/2RW1tH3

Buyout firm 3i says H1 total returns up 11 pct

Private equity firm 3i on Thursday posted a total return of 728 million pounds ($947.56 million) over the first half, up 11 percent from end-March, boosted by gains on some of its larger investments.

from Reuters: New Issues News https://ift.tt/2K4ZSfb

UPDATE 2-Nigeria raises $2.86 bln in Eurobonds to fund deficit

* Fitch revised outlook prior to issue (Adds government statement, breakdown of amounts, paragraphs 6-7)

from Reuters: New Issues News https://ift.tt/2RVfWDc

UPDATE 1-UAE's NMC Healthcare seeks to raise $400 mln with debut sukuk

United Arab Emirates' healthcare provider NMC Healthcare has set the size of its first international sukuk issue at $400 million, a document issued by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2FnOxrW

UAE's NMC Healthcare targets up to $350 mln with debut sukuk

United Arab Emirates' healthcare provider NMC Healthcare plans to raise between $300 million and $350 million with its first international sukuk sale, a document issued by one of the banks leading the deal showed.

from Reuters: New Issues News https://ift.tt/2DE3Bjx

Russia's Gazprom hedges currency risk with novel Eurobond clause

Gazprom has moved to protect itself against the impact of any new U.S. sanctions or other risks beyond its control by reserving the right to pay back a 1 billion euro ($1.13 billion)Eurobond in other currencies, a first for a Russian borrower.

from Reuters: New Issues News https://ift.tt/2K1t9az

Walmart, Home Depot adopt health insurer tactic in drug copay battle

Walmart and Home Depot , two of the top 10 U.S. employers, have embraced a health insurance strategy that punishes drugmakers for using discount cards to keep patients from switching or stopping their medications.

from Reuters: New Issues News https://ift.tt/2FwAUHh

UPDATE 1-Nigeria plans London roadshow ahead of $2.8 bln Eurobond sale -sources

Nigerian officials will go on a roadshow to London next week ahead of a planned $2.8 billion Eurobond sale this month, two banking sources told Reuters on Thursday.

from Reuters: New Issues News https://ift.tt/2JRXAjK

RPT-Luxury group to test demand for high-yield Italian debt

Italian high-end lighting and furniture company International Design Group (IDG) is poised to launch the first test of investor appetite for high-yield debt from the country since Italy's budget was thrown out by the European Union.

from Reuters: New Issues News https://ift.tt/2JLuF0t

Luxury group to test demand for high-yield Italian debt

Italian high-end lighting and furniture company International Design Group (IDG) is poised to launch the first test of investor appetite for high-yield debt from the country since Italy's budget was thrown out by the European Union.

from Reuters: New Issues News https://ift.tt/2DphhyI

UPDATE 2-UAE’s NMC Health prepares dollar sukuk

United Arab Emirates' healthcare provider NMC Health plans to issue U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed on Wednesday, confirming what sources told Reuters earlier.

from Reuters: New Issues News https://ift.tt/2qzUBUc

UPDATE 1-UAE’s NMC Health prepares dollar bond issue - sources

United Arab Emirates' healthcare provider NMC Health plans to issue a U.S. dollar denominated bond, sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2OxYm6d

UAE’s NMC Health prepares dollar bond issue - sources

United Arab Emirates' healthcare provider NMC Health plans to issue a U.S. dollar denominated bond, sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2D8fmOg

UPDATE 3-Backlash over $100 mln bonus claims boss of UK builder Persimmon

* Firm has been heavily criticised over Fairburn's bonus (Adds details, quotes, comparative figures)

from Reuters: New Issues News https://ift.tt/2QpDQpM

UPDATE 2-Boss of UK builder Persimmon to step down after bonus backlash

* Firm has been heavily criticised over Fairburn's bonus (Adds details, context, background)

from Reuters: New Issues News https://ift.tt/2D99X9p

ABC Holdings selling 24.9 pct stake in lender BancABC Botswana

Pan-African financial services provider ABC Holdings, a unit of Atlas Mara, is selling 24.9 percent of its Botswana subsidiary to raise 360 million pula ($34 million) for upgrading its banking infrastructure, BancABC Botswana said on Tuesday.

from Reuters: New Issues News https://ift.tt/2AP93xq

Swedish buyout firm EQT plans IPO, asks banks to pitch -sources

EQT's owners have invited investment banks to pitch to take the Swedish private equity firm public following a strategic review, sources familiar with the matter told Reuters.

from Reuters: New Issues News https://ift.tt/2F8gLa0

Fred. Olsen Energy proposes to issue new equity in restructuring

Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to pay off debt, as part of a refinancing plan published on Tuesday.

from Reuters: New Issues News https://ift.tt/2SOvbyR

Russia's Megafon may lend unit $1.7 bln for possible share buyback

Russia's second-largest mobile phone operator, Megafon, said on Tuesday it could lend its subsidiary Megafon Finance up to 111.6 billion roubles ($1.69 billion) to fund a possible share buyback.

from Reuters: New Issues News https://ift.tt/2SPKV4z

UPDATE 1-Merian fund raises half intended capital in "challenging" London IPO

Merian Chrysalis Investment Company , a fund investing in mature but unlisted firms, said on Friday it had raised 100 million pounds ($130.11 million) via a listing on the London Stock Exchange - half the amount intended.

from Reuters: New Issues News https://ift.tt/2P0wfRY

London IPO of Merian fund raises half the intended capital

Merian Chrysalis Investment Company , a Merian Global Investors fund, said on Friday it had raised 100 million pounds ($130.11 million) via a listing on the London Stock Exchange - half the amount intended.

from Reuters: New Issues News https://ift.tt/2DhcwqT

UPDATE 1-Baker Aryzta wins shareholder approval for capital increase

* Shareholder Cobas says considering "additional measures" (Adds detail, Chairman and shareholder comment)

from Reuters: New Issues News https://ift.tt/2Qbb9wZ

Aryzta shareholders narrowly approve capital increase

Aryzta will go ahead with an 790 million euro ($898 million) capital hike after its shareholders on Thursday narrowly approved a plan to raise more dough for the Swiss-Irish bakery company.

from Reuters: New Issues News https://ift.tt/2P2jczn

Italy's Garofalo Health picks Peninsula Capital as anchor investor

Italy's Garofalo Health Care has chosen private equity firm Peninsula Capital as anchor investor for a planned listing on the Milan stock market, the company said.

from Reuters: New Issues News https://ift.tt/2yFLoxU

TREASURIES-Yields edge higher as equities recover

U.S. Treasury yields rose from three-week lows on Thursday as equities gained, though anxiety about ongoing stock volatility was seen supporting a bid for safe-haven U.S. government debt. Microsoft Corp's strong ear

from Reuters: New Issues News https://ift.tt/2D6ll73

UPDATE 1-Oman sells $1.5 billion sukuk as Khashoggi crisis raises funding costs

Oman sold $1.5 billion in sukuk, or Islamic bonds, on Wednesday but the generous investor returns it had to offer showed that the crisis over the killing of Saudi journalist Jamal Khashoggi is raising funding costs across the Gulf region, fund managers said.

from Reuters: New Issues News https://ift.tt/2PSyQd7

Oman starts marketing dollar sukuk -IFR

The government of Oman has begun marketing a seven-year U.S. dollar-denominated sukuk, or Islamic bond, according to IFR, a fixed-income news service.

from Reuters: New Issues News https://ift.tt/2q6SPtt

UPDATE 2-AstraZeneca digs deeper into cancer with Innate stake

* Innate shares jump 29 percent (Updates with executive interviews, latest shares)

from Reuters: New Issues News https://ift.tt/2PUHzvC

CORRECTED-Britain's O2 delays IPO citing Brexit uncertainty -Press Association

British mobile operator O2, which is owned by Spain's Telefonica, is putting its 10 billion pound ($13 billion)initial public offering plans on hold, the Press Association reported on Monday.

from Reuters: New Issues News https://ift.tt/2OIk3Fm

RPT-Britain's O2 delays IPO citing Brexit uncertainty -Sky News

British mobile operator O2, which is owned by Spain's Telefonica, is putting its 10 billion pound ($13 billion)initial public offering plans on hold, Sky News reported on Monday.

from Reuters: New Issues News https://ift.tt/2yXrcH1

Britain's O2 delays IPO citing Brexit uncertainty -Sky News

British mobile operator O2, which is owned by Spain's Telefonica, is putting its 10 billion pound ($13 billion)initial public offering plans on hold, Sky News reported on Monday.

from Reuters: New Issues News https://ift.tt/2SadUzL

Proxy adviser ISS changes course, backs Aryzta's capital hike plan

Proxy adviser ISS changed course and recommended on Friday that shareholders support baking company Aryzta's plan for an 800 million euro ($917 million) capital increase.

from Reuters: New Issues News https://ift.tt/2CuQxvI

UPDATE 1-Turnaround specialist Zegona to raise stake in Spain's Euskaltel

Britain's Zegona Communications , set up to invest in European tech and telecoms companies, said on Friday it was increasing its stake in Spain's Euskaltel to 29.9 percent to give it more influence on the board.

from Reuters: New Issues News https://ift.tt/2CUtH1p

Proxy adviser Glass Lewis backs Aryzta plan for capital increase

Proxy adviser Glass Lewis recommends supporting baking group Aryzta's plan for an 800 million euro ($916 million) capital increase, it said on Friday.

from Reuters: New Issues News https://ift.tt/2Cscr2q

Zegona looks to raise stake in Spain's Euskaltel via tender

Zegona Communications said on Friday it would increase its stake in Spain's Euskaltel by offering to buy 14.9 percent of its shares for 7.75 euros each, with the objective of increasing its presence on the group's board to drive expansion.

from Reuters: New Issues News https://ift.tt/2NMEHPv

South Africa's Old Mutual sells all 5.5 mln shares in Nedbank

South Africa's Old Mutual Ltd said on Thursday it sold all 5.5 million shares in Nedbank Group Ltd to select institutional investors, marking the final step in the spinning-off of the unit.

from Reuters: New Issues News https://ift.tt/2PE8E5P

MIDEAST - Factors to watch - October 18

Here are some factors that may affect Middle East stock markets on Thursday. Reuters has not verified the press reports and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2RQNcfD

UPDATE 2-Shell sells Danish upstream assets to Norwegian Energy in $1.9 bln deal

* Effective date is Jan 2017, reducing overall payment to Shell

from Reuters: New Issues News https://ift.tt/2NNhdcL

UPDATE 1-Shell sells Danish upstream assets to Norwegian Energy for $1.9 bln

* Noreco will have 36.8 pct stake in Danish Underground Consortium

from Reuters: New Issues News https://ift.tt/2QYYkpv

UPDATE 4-BHP doubles stake in promising Ecuador copper project

* BHP has right to appoint a director, limit on ownership (Updates with percentage cap, analyst comment, share price)

from Reuters: New Issues News https://ift.tt/2CK44QZ

Proxy adviser ISS recommends opposing Aryzta's capital hike plan

Proxy adviser ISS recommended that shareholders oppose baking company Aryzta's plan for an 800 million euro ($925.8 million) capital increase.

from Reuters: New Issues News https://ift.tt/2OtNFX1

UPDATE 3-BHP doubles stake in promising Ecuador copper project

* BHP has right to appoint a director, limit on ownership (Adds SolGold comment, BHP's previous bid, share move)

from Reuters: New Issues News https://ift.tt/2yjvSrA

Spanish stocks - Factors to watch on Tuesday

The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

from Reuters: New Issues News https://ift.tt/2EnaKWB

Greece's Energean expects to complete Tel Aviv listing on Oct 29

Greek energy firm Energean said on Tuesday it plans to complete the process of a secondary listing on the Tel Aviv Stock Exchange on Oct. 29.

from Reuters: New Issues News https://ift.tt/2RLMHDz

CORRECTED-UPDATE 1-Australia's BHP raises stake in promising Ecuador copper project

The world's biggest miner BHP on Tuesday upped its share in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador.

from Reuters: New Issues News https://ift.tt/2RSk33q

CORRECTED-Australia's BHP to subscribe for shares in SolGold

The world's biggest miner BHP on Tuesday said it entered a share subscription agreement with copper-gold explorer SolGold Plc, under which SolGold will issue a 100 million shares to the company.

from Reuters: New Issues News https://ift.tt/2EzdY9R

UPDATE 1-Australia's BHP raises stake in promising Ecuador copper project

The world's biggest miner BHP on Tuesday upped its share in SolGold Plc, bolstering its position against top shareholder Newcrest Mining as it eyes SolGold's promising Cascabel copper-gold project in Ecuador.

from Reuters: New Issues News https://ift.tt/2Oo0NwG

Australia's BHP to subscribe for shares in SolGold

The world's biggest miner BHP on Tuesday said it entered a share subscription agreement with copper-gold explorer SolGold Plc, under which SolGold will issue a 100 million shares to the company.

from Reuters: New Issues News https://ift.tt/2AbKMRU

BRIEF-Russian Helicopters Sets Placement Price Of Additional Share Issue

* SAYS SETS PLACEMENT PRICE OF ADDITIONAL SHARE ISSUE AT RUB 1,124 PER SHARE

from Reuters: New Issues News https://ift.tt/2Opth9A

UPDATE 3-Top uranium producer Kazatomprom may sell 25 pct stake in London/Astana float

* Share sale part of ambitious Kazakh privatisation drive (Adds prospectus date from registration document, context on uranium)

from Reuters: New Issues News https://ift.tt/2NCN4wV

Slovenia to list up to 75 pct of Nova Ljubljanska Banka

Slovenia will sell up to 75 percent of its largest bank Nova Ljubljanska Banka (NLB), listing shares on the London and Ljubljana stock exchanges, NLB and the country's privatisation coordinator Slovenian Sovereign Holding (SDH) said on Monday.

from Reuters: New Issues News https://ift.tt/2RTcAB8

UPDATE 1-Aryzta shareholder Cobas demands halving planned capital hike

Aryzta's biggest shareholder, Cobas Asset Management, on Monday called for an extraordinary general meeting to discuss what it called a better funding plan for the Swiss-Irish baker.

from Reuters: New Issues News https://ift.tt/2Ci1dO3

UPDATE 4-UK's scandal-hit Patisserie Valerie saved by 20 mln pound loan from chairman

Patisserie Valerie, the British cafe chain rocked by an accounting scandal and the arrest of its finance boss, has been saved thanks to 20 million pounds ($26 million) of loans from its chairman, the entrepreneur Luke Johnson.

from Reuters: New Issues News https://ift.tt/2IShASt

Patisserie Valerie seeks 20 mln pounds to stay afloat

The owner of Patisserie Valerie, the British cafe chain rocked by an accounting scandal, said on Friday it requires at least 20 million pounds ($26.30 million) to continue trading and to avoid the need to appoint administrators.

from Reuters: New Issues News https://ift.tt/2OSwjSV

PRESS DIGEST- Financial Times - Oct 11

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2OQga0m

German bond trade will function even in no-deal Brexit - German finance agency

Trade in German government bonds will continue to function even if Great Britain leaves the European Union without a clear agreement, the managing director of the German Finance Agency, Tammo Diemer, told Reuters in an interview published on Tuesday.

from Reuters: New Issues News https://ift.tt/2OIW1JL

UPDATE 3-Knorr-Bremse accelerates IPO as other listings languish

* Deal goes ahead as others have struggled amid market weakness (Adds narrowed price guidance range, updates valuation, Westwing IPO offer price)

from Reuters: New Issues News https://ift.tt/2QCeZim

UPDATE 2-Knorr-Bremse accelerates IPO as other listings languish

* Deal goes ahead as others have struggled amid market weakness (Writes through with financial sources, IPO and market context)

from Reuters: New Issues News https://ift.tt/2OcRyzp

UPDATE 1-Egypt's Hassan Allam plans to list shares in Cairo, London

Egyptian construction and engineering group Hassan Allam said on Monday that it would float up to 44.3 percent of its shares on the Egyptian Exchange and the London Stock Exchange.

from Reuters: New Issues News https://ift.tt/2ILpEo0

McKesson's Change Healthcare hires IPO underwriters -sources

Change Healthcare LLC, a healthcare technology company majority-owned by U.S. drug wholesaler McKesson Corp, has hired underwriters for an initial public offering that could value it at as much as $12 billion, including debt, people familiar with the matter said on Wednesday.

from Reuters: New Issues News https://ift.tt/2y8WYAE

UPDATE 3-Aston Martin skids on market debut

* Carmaker valued slightly higher than Ferrari (Updates with Brexit, CEO comment, growth plan detail)

from Reuters: New Issues News https://ift.tt/2NXVcgt

REFILE-UPDATE 2-Italy nets rich pickings after fierce 5G auction

Italy raised a bumper 6.5 billion euros ($7.52 billion) for state coffers in its fifth-generation mobile auction that drew ferocious bidding from telecoms operators vying for an edge in new digital services.

from Reuters: New Issues News https://ift.tt/2y9T8Hj

UPDATE 2-Italy nets rich pickings after fierce 5G auction

* High 5G spend raises concerns over operators' profits (Recasts lead, adds fund manager comment, details)

from Reuters: New Issues News https://ift.tt/2NllBQa

UPDATE 2-Aston Martin skids on market debut

* Carmaker valued slightly higher than Ferrari (Adds analyst quote, detail)

from Reuters: New Issues News https://ift.tt/2NklCUk

Aston Martin shares open flat at 19 pounds per share in London debut

Shares in luxury carmaker Aston Martin opened flat at the offer price of 19 pounds ($24.70) per share in its London debut on Wednesday.

from Reuters: New Issues News https://ift.tt/2O1zEzG

UPDATE 1-Aston Martin priced at 19 pounds per share in float, eyes $5.6 bln valuation

Britain's Aston Martin said on Wednesday it had priced its shares at 19 pounds each in its London stock market debut, giving the luxury carmaker a valuation of $5.6 billion.

from Reuters: New Issues News https://ift.tt/2NZ0ND7

Aston Martin prices initial public offering at 19 pounds per share - bookrunner

Britain's Aston Martin said on Wednesday it had priced its shares at 19 pounds in its eagerly anticipated London stock market debut, giving the luxury carmaker a valuation of 4.33 billion pounds ($5.63 billion).

from Reuters: New Issues News https://ift.tt/2OAH1xe

UPDATE 2-Belarus food retailer Eurotorg plans imminent London listing -sources

The biggest food retailer in Belarus, Eurotorg, is planning to list its shares in London in the coming weeks, sources familiar with the matter said, potentially valuing the company at more than $3 billion.

from Reuters: New Issues News https://ift.tt/2OtRTNn

UPDATE 1-Belarus' biggest food retailer Eurotorg to list in London in coming weeks - sources

Belarus' biggest food retailer Eurotorg is planning to list its shares in London in the coming weeks, sources familiar with the matter said, in the first ever international Belarusian listing which could value the company at more than $3 billion.

from Reuters: New Issues News https://ift.tt/2y72FiE

Belarus' biggest food retailer Eurotorg to list in London in coming weeks - sources

Belarus' biggest food retailer Eurotorg is planning to list its shares in London in the coming weeks in the first international listing from the former Soviet republic, sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2P6caG6

UPDATE 1-Aston Martin IPO orders below 19 pounds/shr risk missing out -bookrunners

Potential investors offering below 19 pounds per share for shares in luxury British carmaker Aston Martin risk missing out in the float, two of the bookrunners helping to organise it said on Tuesday.

from Reuters: New Issues News https://ift.tt/2RjVcFM

Aston Martin IPO orders below 19 pounds/shr risk missing out -bookrunner

Orders below 19 pounds per share for the initial public offering of luxury British carmaker Aston Martin risk missing out on the float, with the books closing at 1100 GMT, one of the bookrunners said on Tuesday.

from Reuters: New Issues News https://ift.tt/2Ixq0Pe

BRIEF-Russian Helicopters To Issue 20.2 Mln Additional Shares

* SAYS EGM DECIDES TO INCREASE SHARE CAPITAL BY 20.2 MLN ADDITIONAL SHARES IN CLOSED SUBSCRIPTION

from Reuters: New Issues News https://ift.tt/2Rd2SJD

UPDATE 2-Aston Martin narrows $6 bln IPO range after investor response

* Aston follows Friday's London listing of Funding Circle (Adds detail, investor feedback)

from Reuters: New Issues News https://ift.tt/2Rdu2QL

Norway should invest NOK 2.5 bln in Kongsberg Gruppen share issue -government

Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.

from Reuters: New Issues News https://ift.tt/2zBqtgg

UPDATE 3-Funding Circle makes lacklustre $2 bln London debut in test of demand

* Shares up 4.5 pct before falling below issue price (Adds Povlsen detail, Transferwise, share price update)

from Reuters: New Issues News https://ift.tt/2xX4UoA

UPDATE 2-Funding Circle's $2 bln London debut sets tone for big listings

Funding Circle made a positive market debut on Friday, valuing the British peer-to-peer lending platform at 1.5 billion pounds ($2 billion) and testing investor appetite for large listings with London's biggest for several months.

from Reuters: New Issues News https://ift.tt/2OnVuwI

UPDATE 1-Funding Circle sets IPO price at 440 pence per share -statement

British peer-to-peer lending platform Funding Circle on Thursday issued a final price of 440 pence per share for its initial public offering (IPO).

from Reuters: New Issues News https://ift.tt/2OhlMjY

Funding Circle sets IPO offer price at 440 pence - statement

British peer-to-peer lending platform Funding Circle on Thursday issued a final price of 440 pence per share for its initial public offering (IPO).

from Reuters: New Issues News https://ift.tt/2OVuO3j

Global equity raising slumps, European bankers eye big floats

Europe was the worst performing region for equity raising proceeds in the third quarter, according to Thomson Reuters data, as a strong performance in Asia failed to undo a global slump in issuance.

from Reuters: New Issues News https://ift.tt/2InyCYq

CORRECTED-UPDATE 2-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said on Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the UK-based satellite broadcaster.

from Reuters: New Issues News https://ift.tt/2xRSJt0

UPDATE 2-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox Inc agreed to sell its 39 percent stake in Sky PLC to Comcast Corp, the companies said on Wednesday, a deal that completes the U.S. cable group's takeover and ends Rupert Murdoch's relationship with the UK-based satellite broadcaster.

from Reuters: New Issues News https://ift.tt/2Ihid80

UPDATE 1-Rupert Murdoch's Fox to sell Sky stake to Comcast

Twenty-First Century Fox agreed to sell its stake in Sky to Comcast , securing the U.S. cable group's $40 billion takeover of its European peer and ending Rupert Murdoch's relationship with the UK-based broadcaster.

from Reuters: New Issues News https://ift.tt/2xR64Sy

Rupert Murdoch's Fox to sell Sky stake to Comcast

Rupert Murdoch's Fox said on Wednesday it would sell its 39 percent stake in Sky to Comcast, the U.S cable giant that outbid it in an auction to take control of the European pay-TV group on Saturday.

from Reuters: New Issues News https://ift.tt/2ObJgXM

UPDATE 1-Funding Circle narrows pricing range for London listing - bookrunner

British peer-to-peer lender Funding Circle on Wednesday tightened the price range for its initial public offering to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.

from Reuters: New Issues News https://ift.tt/2IfKBY2

Funding Circle cuts pricing range for London listing - source

British peer-to-peer lender Funding Circle on Wednesday cut the price range for its initial public offering (IPO) to 440-460 pence per share, from an initial guidance of between 420-530 pence, a bookrunner on the deal said.

from Reuters: New Issues News https://ift.tt/2zuwbAI

Private equity investors weigh exit from UAE school operator GEMS-sources

A group of private equity investors, including Fajr Capital, Blackstone and Bahrain's Mumtalakat, is weighing the sale of their combined stake in the emerging market business of UAE-based GEMS Education, three sources said.

from Reuters: New Issues News https://ift.tt/2O5TQzl

UPDATE 2-German chip plant builder Exyte to list on stock exchange

German chip factory builder Exyte is planning to list on the Frankfurt stock exchange this year, the company said on Monday, adding to a flurry of initial public offerings in Europe's largest economy.

from Reuters: New Issues News https://ift.tt/2ONUxuo

UPDATE 1-German chip factory builder Exyte to list on stock exchange

* Deal could value Exyte at 2.5-3 bln eur euros (Adds background, details)

from Reuters: New Issues News https://ift.tt/2OLYRKJ

UPDATE 1-Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.

from Reuters: New Issues News https://ift.tt/2NYGFQS

Farfetch tops price range in IPO in boon to luxury market

Farfetch priced its shares above its targeted range on Friday in a New York flotation that values the online luxury retailer at over $5.8 billion and underscores how big a bet web sales have become for high-end brands.

from Reuters: New Issues News https://ift.tt/2OCbp77

UPDATE 5-Aston Martin aims to steer round Brexit to $6.7 bln IPO

* CEO says carmaker has prepared for Brexit (Adds books covered in paragraph three)

from Reuters: New Issues News https://ift.tt/2MQqyQz

UPDATE 4-Aston Martin aims to steer round Brexit uncertainty to $6.7 bln IPO

* CEO says carmaker has prepared for Brexit (Adds CEO remuneration details, Brexit risks)

from Reuters: New Issues News https://ift.tt/2xEPYem

UPDATE 3-Aston Martin races ahead with up to $6.7 billion flotation

* CEO says carmaker has prepared for Brexit (Adds Ferrari comparison, analyst quote)

from Reuters: New Issues News https://ift.tt/2Dfjz4j

UPDATE 2-Aston Martin speeds ahead with up to $6.7 billion October IPO

* CEO says carmaker has prepared for Brexit (Adds CEO quotes, details)

from Reuters: New Issues News https://ift.tt/2MMkusB

UPDATE 1-Aston Martin aims for $6.7 billion October IPO

Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.

from Reuters: New Issues News https://ift.tt/2xpE48U

Aston Martin aims for 5 billion-pound October IPO

Luxury British carmaker Aston Martin said on Thursday it was seeking a valuation of up to 5.07 billion pounds ($6.7 billion) as it set a price range of 17.50 pounds to 22.50 pounds per share for its stock market flotation.

from Reuters: New Issues News https://ift.tt/2PLJUIy

CVC selects banks to lead Domestic & General float -sources

Private equity firm CVC has chosen Barclays, Bank of America Merrill Lynch and Credit Suisse to lead the initial public offering of warranty provider Domestic & General in London, two sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2OCIi3A

John Laing Infrastructure Fund agrees takeover terms, recommends offer

John Laing Infrastructure Fund said on Wednesday its board had agreed the terms of its proposed 1.4 billion pounds ($1.84 billion) takeover by a consortium of funds, with the price set at 142.5 pence per share in cash.

from Reuters: New Issues News https://ift.tt/2xwyFwb

Funding Circle to price 71.4 mln IPO shares between 420-530 pence

British peer-to-peer lender Funding Circle plans to sell up to 71.4 million new shares in its initial public offering for between 420 pence and 530 pence per share.

from Reuters: New Issues News https://ift.tt/2ODA1fN

UPDATE 3-Rocket-backed furniture site Westwing plans Frankfurt IPO

* Berenberg, Citi acting as joint bookrunners (Adds details from conference call)

from Reuters: New Issues News https://ift.tt/2NCOSdj

UPDATE 2-Rocket-backed furniture site Westwing plans Frankfurt IPO

* Berenberg, Citi acting as joint bookrunners (Adds further details)

from Reuters: New Issues News https://ift.tt/2QsbSKO

UPDATE 1-EnQuest aborted sales talks for Kraken stake due to debt deadline - sources

* Opted for loan against ringfenced stake instead of sale (Updates paragraph 10 on debt position)

from Reuters: New Issues News https://ift.tt/2x8QEJH

EnQuest aborted sales talks for Kraken stake due to debt deadline- sources

EnQuest switched from plans to sell a stake in its flagship North Sea oilfield to borrowing money against it after two sets of sale talks had to be abandoned as a deadline for a debt repayment approached, industry and banking sources said.

from Reuters: New Issues News https://ift.tt/2COKmnS

UPDATE 3-Unilever details plans for December listing of new Dutch entity

* Some UK shareholders have expressed concern (Adds details on Dutch dividend tax)

from Reuters: New Issues News https://ift.tt/2QlIOo0

UPDATE 2-Unilever details plans for December listing of new Dutch entity

* Some UK shareholders have expressed concern (Adds context, analyst comment, bullet points, byline)

from Reuters: New Issues News https://ift.tt/2CJ4h7F

UPDATE 1-Unilever single holding company shares to start trading in December

Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.

from Reuters: New Issues News https://ift.tt/2MdQCoF

Unilever simplification to be through UK scheme of arrangement, Dutch merger

Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would be achieved through a UK scheme of arrangement and a Dutch legal merger.

from Reuters: New Issues News https://ift.tt/2x4I6m7

PRESS DIGEST- Financial Times - Sept 11

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

from Reuters: New Issues News https://ift.tt/2O6J7ld

UPDATE 3-Volvo Cars drops IPO due to trade tensions and auto stocks downturn

Volvo Cars and its Chinese owner Geely have postponed plans to float shares in the Swedish carmaker, blaming trade tensions and a downturn in automotive stocks.

from Reuters: New Issues News https://ift.tt/2Mi4Ft7

UPDATE 3-Funding Circle plans October listing in British 'fintech' first

* Listing expected in October (Updates with 2017 earnings, paragraph 10)

from Reuters: New Issues News https://ift.tt/2QhYmt1

UPDATE 2-Funding Circle plans October listing in British 'fintech' first

* Listing expected in October (Recasts, adds context, detail)

from Reuters: New Issues News https://ift.tt/2O4AdEM

Abu Dhabi’s Aldar Properties hires banks for $750 mln sukuk refinancing - sources

Aldar Properties, the state-linked builder of Abu Dhabi's Formula One circuit, has hired banks to arrange a U.S. dollar-denominated sukuk issue of at least $750 million, sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2Nx4YFf

UPDATE 3-Aston Martin adds FTSE experience to its board ahead of IPO

* IPO prospectus due around Sept. 20 (Adds CEO quotes from interview)

from Reuters: New Issues News https://ift.tt/2MgGgV8

UPDATE 2-Aston Martin adds FTSE experience to its board ahead of IPO

Aston Martin has lined up experienced FTSE executives to boost its board as the 105-year-old luxury carmaker presses ahead with plans to list on the London Stock Exchange, it said on Monday.

from Reuters: New Issues News https://ift.tt/2oUxMK5

UPDATE 1-Funding Circle looks to raise 300 mln stg in London listing

* Firm has helped loan more than 1 bln stg in H1 2018 (Adds detail from statement, bullet points)

from Reuters: New Issues News https://ift.tt/2wXxfez

UPDATE 2-Playtech offloads Plus500 stake for $228 mln ahead of Italy buy

* Sale comes after Plus500 founders sell shares (Adds Odey Asset Management stake, details, shares)

from Reuters: New Issues News https://ift.tt/2MY405y

UPDATE 3-EnQuest to issue discounted shares to buy Magnus oilfield

* Shares down about 13 pct (Recasts, adds detail, share price reaction)

from Reuters: New Issues News https://ift.tt/2M73xIT

UPDATE 2-EnQuest launches $138 mln rights issue to buy all of Magnus oilfield

* To ringfence 15 pct of Kraken cashflow for $175 mln (Adds rights issue launch, Kraken details, shares)

from Reuters: New Issues News https://ift.tt/2NQm79Q

UPDATE 1-Playtech sells whole stake in Plus500 for $228 mln

Playtech Plc has sold its entire 10 percent shareholding in retail online trading platform Plus500 for about 176 million pounds ($228 million), the company said on Friday, giving no details on the buyer.

from Reuters: New Issues News https://ift.tt/2Qbrxhd

UPDATE 1-EnQuest plans $138 mln rights issue to buy all of Magnus oilfield

UK-focused oil company EnQuest , which already owns a quarter of the Magnus oilfield, is planning a rights issue for $138 million to help it buy the rest from BP, it said on Friday.

from Reuters: New Issues News https://ift.tt/2Cq8HQw

Playtech sells stake in Plus500 for $228 mln

Playtech Plc has sold its entire 10 percent shareholding in online retail trading platform Plus500 for about 176 million pounds ($228 million), the company said on Friday, giving no details on the buyer.

from Reuters: New Issues News https://ift.tt/2NUzeqJ

Neptune Energy reports $70 mln H1 profit in first public results

Private equity-backed oil and gas producer Neptune Energy on Thursday reported a profit of $70 million and a cash pile of over $500 million in the first quarterly results it has published, adding that it was on the lookout for more assets.

from Reuters: New Issues News https://ift.tt/2wOz4uc

REFILE-UPDATE 1-Peer-to-peer lender Funding Circle to list on London exchange

Funding Circle, a British peer-to-peer lending marketplace, on Monday said it will list its shares on the London Stock Exchange's main market, with Danish billionaire Anders Povlsen pledging to buy at last 10 percent of the company.

from Reuters: New Issues News https://ift.tt/2NUcZRO

UPDATE 1-Peer-to-peer lender Funding Circle to list on London exchange

* Deal could be valued at around 300 million pounds -source (Adds background)

from Reuters: New Issues News https://ift.tt/2PxLm18

UPDATE 3-Aston Martin plans to go public as turnaround picks up speed

* First British-based automaker to list in London for years (Adds details, background)

from Reuters: New Issues News https://ift.tt/2ojX1oA

UPDATE 2-Aston Martin plans to go public as turnaround picks up speed

* First British-based automaker to list in London for years (Adds details, background)

from Reuters: New Issues News https://ift.tt/2omHC6V

UPDATE 1-Aston Martin sets out plans to float on London Stock Exchange

Luxury carmaker Aston Martin intends to float on the London Stock Exchange, completing a turnaround after new models and a surge in volumes helped the iconic brand return to profitability following years of losses.

from Reuters: New Issues News https://ift.tt/2LBHXMg

Aston Martin sets out plans to float on London Stock Exchange

Luxury carmaker Aston Martin said on Wednesday it intended to float on the London Stock Exchange, completing a turnaround after a boost to volumes and an increase in models led to a return to profitability.

from Reuters: New Issues News https://ift.tt/2wpYa2m

UPDATE 2-Farfetch targets New York listing as luxury web sales thrive

Online fashion retailer Farfetch aims to float on the New York Stock Exchange by the end of the year, the London-based company said on Monday, seeking to capitalise on rapid growth in luxury sales on the web.

from Reuters: New Issues News https://ift.tt/2vYMJyr

UPDATE 1-UK luxury retailer Farfetch aims for New York listing

Online fashion retailer Farfetch plans to float on the New York Stock Exchange, the London-based firm said on Monday, seeking to capitalise on rapid growth in luxury sales on the web.

from Reuters: New Issues News https://ift.tt/2vXkIaL

UPDATE 1-Countrywide backs off new pay plan for directors

Countrywide has abandoned plans to revamp its incentive package for directors after meetings with top investors aimed at propping up the company with 140 million pounds in new equity.

from Reuters: New Issues News https://ift.tt/2MmHwe0

Britain's 'Aramco' listing category attracts interest from a single firm

Britain's markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms like Saudi Aramco to London, the regulator told Reuters without naming the firm.

from Reuters: New Issues News https://ift.tt/2PiFeKG

Orchard raises $150 mln to expand after GSK gene therapy deal

Anglo-American biotech company Orchard Therapeutics has raised a further $150 million to fund its work in gene therapy, building on earlier fundraisings worth more than $140 million.

from Reuters: New Issues News https://ift.tt/2P6wF5Y

Canada's Fairfax set to take 19 pct stake in Irish insurer FBD

Canadian investment group Fairfax could become Irish insurer FBD's second largest shareholder by September by converting a bond into equity, FBD Chief Executive Fiona Muldoon said on Wednesday.

from Reuters: New Issues News https://ift.tt/2KgYOnf

Investors think possible John Laing Infrastructure bid too low-source

Investors owning around 10 percent of John Laing Infrastructure Fund think a possible cash buyout offer valuing the company at 1.41 billion pounds ($1.85 billion) is too low, according to a source familiar with the matter.

from Reuters: New Issues News https://ift.tt/2NVsVTi

No more cash calls for Metro Bank after raising 303 mln stg -CEO

Metro Bank has ruled out additional cash calls to support its growth ambitions in the medium term, its chief executive told Reuters, a day after the British lender raised 303 million pounds ($398.41 million) in its second major share sale in as many years.

from Reuters: New Issues News https://ift.tt/2JSJTzh

RPT-UPDATE 1-British lender Metro Bank to raise about 300 mln stg, reports higher H1 profit

British lender Metro Bank said on Tuesday it would raise about 300 million pounds ($394 million) through a share placing and reported higher first-half underlying pretax profit, setting it on track for its second full year of profitability.

from Reuters: New Issues News https://ift.tt/2v1dJMI

UPDATE 1-British lender Metro Bank to raise about 300 mln stg, reports higher H1 profit

British lender Metro Bank said on Tuesday it would raise about 300 million pounds ($394 million) through a share placing and reported higher first-half underlying pretax profit, setting it on track for its second full year of profitability.

from Reuters: New Issues News https://ift.tt/2OhjSwK

RBS hires HSBC's Fletcher as new chief risk officer

Royal Bank of Scotland has hired Bruce Fletcher as its new group chief risk officer, the lender said on Friday.

from Reuters: New Issues News https://ift.tt/2Nve3uE

Oman’s Sohar Aluminium to meet banks to discuss financing -sources

Oman's Sohar Aluminium will meet banks this week in London to discuss potential financing options, four sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2L1GN1p

UPDATE 2-Russia's Megafon to delist from London, offers buyout

* To focus on broader cooperation with state firms (Adds details, background, writes through)

from Reuters: New Issues News https://ift.tt/2LaOwJE

UPDATE 1-Megafon to delist from London after buying shares from minority holders

Megafon, Russia's No.2 mobile phone operator, said on Monday it intends to begin the process of cancelling its global depositary receipts (GDRs) listing in London shortly after completion of a tender offer.

from Reuters: New Issues News https://ift.tt/2NT4cjl

Megafon to delist from London after buying shares from minority holders

Megafon, Russia's No.2 mobile phone operator, said on Monday it intends to begin the process of cancelling its Global Depositary Receipts (GDRs) listing in London shortly after completion of a tender offer announced also on Monday.

from Reuters: New Issues News https://ift.tt/2uCGajJ

UPDATE 1-Education company GEMS shelves multibillion dollar London IPO - sources

The initial public offering (IPO) of Blackstone-backed, Middle East-focused education company GEMS has been shelved, three sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2KYH8Rr

Education company GEMS shelves multibillion dollar London IPO - sources

The initial public offering (IPO) of Blackstone-backed, Middle East-focussed education company GEMS has been shelved, three sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2L5rTCZ

UK gets orders of more than 20.5 bln stg at sale of new 2041 linker

Britain received orders worth more than 20.5 billion pounds ($27.15 billion) at a sale via syndication of a new index-linked gilt, with the deal size eventually fixed at 3.5 billion pounds, a bookrunner said on Wednesday.

from Reuters: New Issues News https://ift.tt/2m8zx4X

Books open on sale of new 2041 index-linked gilt - bookrunner

Books opened on the sale via syndication of a new 0.125 percent index-linked British government bond due in 2041, a bookrunner on the deal said on Wednesday.

from Reuters: New Issues News https://ift.tt/2unW0i3

UPDATE 1-EBA to rule on capital treatment of UniCredit 'CASHES'

* EBA cannot give timeframe for ruling (Adds quote, background, bullets)

from Reuters: New Issues News https://ift.tt/2m43wuz

UPDATE 1-Ireland should sell bank shares sooner, not later - debt agency

* Debt agency eyes debut green bond issue in next 12 months (Adds details, quotes)

from Reuters: New Issues News https://ift.tt/2ugfLrH

Ireland should sell bank shares sooner, not later - debt agency

Ireland's government should reduce its exposure to stock markets sooner rather than later by selling more bank shares and use the proceeds to cut the state's debts, the head of the country's debt agency said on Monday.

from Reuters: New Issues News https://ift.tt/2m11Kuq

UPDATE 1-Germany's Axel Springer raises stake in Britain's Purplebricks

German publisher Axel Springer has raised its holding in British online estate agent Purplebricks Group to 12.5 percent and does not rule out a further increase.

from Reuters: New Issues News https://ift.tt/2u598ta

RPT-UK's Mothercare to raise 32.5 mln stg in equity issue

Struggling British mother and baby products retailer Mothercare said on Monday it planned to raise 32.5 million pounds ($43.2 million) through issuing new equity to existing shareholders as part of a survival plan.

from Reuters: New Issues News https://ift.tt/2u3HtIT

RPT-UPDATE 2-Rolls-Royce to sell commercial marine business for $661 mln

* Sells oil and gas equipment making unit to Norway's Kongsberg

from Reuters: New Issues News https://ift.tt/2MUvHaZ

UPDATE 2-Rolls-Royce to sell commercial marine business for $661 mln

* Sells oil and gas equipment making unit to Norway's Kongsberg

from Reuters: New Issues News https://ift.tt/2KUbKAg

Africa's Ecobank plans dollar bond after investor meetings

Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday.

from Reuters: New Issues News https://ift.tt/2KyuqJX

Sub-prime lender Amigo valued at 1.3 bln pounds in London IPO

British sub-prime lender Amigo Holdings listed on the London stock market on Friday in a flotation that valued the business at 1.3 billion pounds ($1.7 billion) and raised almost 330 million pounds for its founder and other managers.

from Reuters: New Issues News https://ift.tt/2MTG3Ym

Africa's Ecobank plans dollar bond after investor meetings

LAGOS, July 2 (Reuters) - Ecobank has mandated international lenders to arrange investor meetings in Britain and the United States, after which it plans to issue a five-year dollar-denominated bond, the African bank said on Monday.

from Reuters: New Issues News https://ift.tt/2tZzjQW

Sub-prime lender Amigo valued at 1.3 bln pounds in London IPO

LONDON, June 29 (Reuters) - British sub-prime lender Amigo Holdings listed on the London stock market on Friday in a flotation that valued the business at 1.3 billion pounds ($1.7 billion) and raised almost 330 million pounds for its founder and other managers.

from Reuters: New Issues News https://ift.tt/2MyAXAO

Old Mutual wealth management unit Quilter lists in London

LONDON, June 25 (Reuters) - Quilter Plc, the wealth management division of Anglo-South African financial services group Old Mutual, will list in London on Monday at a price of 145 pence a share, it said in a statement.

from Reuters: New Issues News https://ift.tt/2MobY3g

UPDATE 1-Britain may issue more 50-year bonds this year, debt office chief says

* Warns about unintended impact of regulation on primary dealers

from Reuters: New Issues News https://ift.tt/2yldzEJ

UPDATE 1-British packaging firm DS Smith to raise $1.3 bln via rights issue

LONDON, June 19 (Reuters) - UK-based packaging group DS Smith said on Tuesday it would look to raise around 1 billion pounds ($1.32 billion) via a rights issue to help fund its biggest-ever acquisition of Spanish rival Europac.

from Reuters: New Issues News https://ift.tt/2JX5qHW

British packaging firm DS Smith to raise $1.3 bln via rights issue

LONDON, June 19 (Reuters) - UK-based packaging group DS Smith said on Tuesday it would raise around 1 billion pounds ($1.32 billion) via a rights issue, with the proceeds to partly fund its acquisition of Spanish rival Europac for 1.9 billion euros ($2.21 billion).

from Reuters: New Issues News https://ift.tt/2tiMigf

UPDATE 1-Cairn buys into Seacrest-backed British North Sea oilfield

* Azinor IPO "certainly a possibility" - managing director (Adds comment from Azinor Managing Director)

from Reuters: New Issues News https://ift.tt/2Mst0Of

Wealth manager Rathbone to buy Scotland's largest independent rival

LONDON, June 14 (Reuters) - British wealth manager Rathbone Brothers has agreed to buy its biggest independent rival in Scotland, Speirs & Jeffrey, boosting its assets by almost a fifth to 44.5 billion pounds ($60 bln).

from Reuters: New Issues News https://ift.tt/2Mpp9le

Four Seasons owner says unable to pay coupons on 525 mln stg of company debt

LONDON, June 13 (Reuters) - Coupons on 525 million pounds ($701.40 million) of debt underpinned by retirement home operator Four Seasons will not be paid, the issuers of the notes said on Wednesday.

from Reuters: New Issues News https://ift.tt/2t8iFhU

UPDATE 1-Home24 expected to price IPO at 23 euros per share - bookrunner

FRANKFURT, June 12 (Reuters) - German online furniture retailer Home24 is expected to price its initial public offering (IPO) at 23 euros a share, giving it a market value of 625 million euros ($737 million) including an overallotment option, following its stock market flotation.

from Reuters: New Issues News https://ift.tt/2sO5zac

Home24 expected to price IPO at 23 euros per share - bookrunner

FRANKFURT, June 12 (Reuters) - German online furniture retailer Home24 is expected to price its initial public offering (IPO) at 23 euros a share, giving it a market value of 625 million euros ($737 million) including an overallotment option, following its stock market flotation.

from Reuters: New Issues News https://ift.tt/2sSIva4

Aquis Exchange to float on June 14, raise a net 12 mln stg

LONDON, June 11 (Reuters) - Pan-European share trading platform Aquis Exchange said it will float on Thursday to raise a net 12 million pounds ($16 million) to build up its user base.

from Reuters: New Issues News https://ift.tt/2JyyiWx

RPT-UPDATE 1-Britain's Whitbread open to selling either Costa or Premier Inn

LONDON, June 7 (Reuters) - Britain's Whitbread is open to selling its Costa coffee chain or Premier Inn hotels and abandoning its original plan to spin-off the coffee business, according to a new executive pay scheme circulated to shareholders.

from Reuters: New Issues News https://ift.tt/2M7FjQ7

UPDATE 1-Britain's Whitbread open to selling either Costa or Premier Inn

LONDON, June 7 (Reuters) - Britain's Whitbread is open to selling its Costa coffee chain or Premier Inn hotels and abandoning its original plan to spin-off the coffee business, according to a new executive pay scheme circulated to shareholders.

from Reuters: New Issues News https://ift.tt/2kTGTsd

Britain's Whitbread open to selling either Costa or Premier Inn

LONDON, June 7 (Reuters) - Britain's Whitbread is open to selling its Costa coffee chain or Premier Inn hotels and abandoning its original plan to spin-off the coffee business, according to a new executive pay scheme circulated to shareholders.

from Reuters: New Issues News https://ift.tt/2kSIcrp

UPDATE 1-Dutch fintech Adyen valued at up to $8.3 bln as investors seek shares

* Final pricing expected June 12, listing June 13 (Updates with details; background. Books covered within an hour of launch)

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UPDATE 2-Britain takes $2.68 billion loss on RBS share sale

* Marks important moment for RBS - CEO (Adds RBS CEO quote, shares and more details)

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UPDATE 1-Britain takes around $2.66 bln loss on RBS share sale

* Sale was the right thing to do -FinMin (Recasts, adds graphic)

from Reuters: New Issues News https://ift.tt/2Jdeaxi

UPDATE 3-British taxpayer set to lose billions in $3.5 bln RBS sale

* GRAPHIC: https://reut.rs/2LjG3jK (Adds statement from British opposition Labour Party's finance chief John McDonnell)

from Reuters: New Issues News https://ift.tt/2JswotW

UPDATE 2-British taxpayer set to lose billions in $3.5 bln RBS sale

* GRAPHIC: https://reut.rs/2LjG3jK (Recasts, adds analyst reaction, graphic)

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UPDATE 2-Britain's small banks ripe for takeover as CYBG and Virgin Money deal looms

* Further deals could follow as mid-tier consolidates (adds context, further possible deals)

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UPDATE 1-British bank CYBG's shares rise on progress in Virgin Money bid

* Merger would create new competitor to Britain's big banks (Recasts, adds share reaction)

from Reuters: New Issues News https://ift.tt/2LYAzMC

Virgin, CYBG see cost efficiencies in acquisition

LONDON, June 4 (Reuters) - The acquisition of British bank Virgin Money by lender CYBG could result in significant efficiency gains, the boards of the two companies said, after CYBG raised its offer.

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Time is right for RBS share sale, bankers and analysts say

LONDON, May 29 (Reuters) - The British government should go ahead and sell more shares in state-backed Royal Bank of Scotland, bankers and industry experts said, even though it would likely mean a big loss to taxpayers.

from Reuters: New Issues News https://ift.tt/2slrSTv

D.C. airport bonds to lead holiday week in U.S. muni market

May 25 (Reuters) - Washington, D.C.'s airports authority will lead a holiday-shortened week in the U.S. municipal bond market, issuing $578 million in refunding bonds as it forges on with capital projects at the region's two main airports.

from Reuters: New Issues News https://ift.tt/2xdggri

Old Mutual gets rough ride over share bonus plan at AGM

May 25 (Reuters) - Old Mutual shareholders approved an employee share bonus plan on Friday, although the Anglo-South African financial services group faced a backlash over granting non-performance based awards to executives.

from Reuters: New Issues News https://ift.tt/2KSUb3b

UPDATE 1-Petra Diamonds says it urgently needs to raise $178 mln to cut debt

LONDON, May 24 (Reuters) - Mining firm Petra Diamonds said it aims to raise $178 million to help cut its debt burden, and warned it could run low on working capital and breach its debt covenants if shareholders do not back the proposed rights issue.

from Reuters: New Issues News https://ift.tt/2s3Z7v1

UPDATE 1-Polyus expects 2018 gold output at top of forecast range

ST PETERSBURG, May 24 (Reuters) - Polyus, Russia's largest gold producer, said on Thursday 2018 production was likely to be at the upper end of its forecast range of 2.375-2.425 million troy ounces.

from Reuters: New Issues News https://ift.tt/2s8ACMB

Miner Petra Diamonds to raise $178 mln to cut debt, cope with strong rand

LONDON, May 24 (Reuters) - Mining firm Petra Diamonds said on Thursday it would raise $178 million from investors to cut debt after it was hobbled by a strong South African rand, delays in production, strikes and a confiscated consignment of diamonds.

from Reuters: New Issues News https://ift.tt/2KSlgDU

Ireland's Smurfit aims to see off takeover with Dutch acquisition

DUBLIN, May 24 (Reuters) - Smurfit Kappa has agreed to buy Dutch paper and recycling firm Reparenco for about 460 million euros ($539 million), the Irish packaging group said on Thursday, in its effort to see off a takeover bid from U.S. rival International Paper (IP).

from Reuters: New Issues News https://ift.tt/2s6jwzG

Kuwait Energy appoints adviser as it looks to sell Iraq asset - sources

DUBAI, May 20 (Reuters) - Kuwait Energy, an independent oil and gas company, has hired investment bank Perella Weinberg Partners (PWP) to advise it on options that could include selling all or part of its Block 9 asset in southern Iraq and a spin-off of Egyptian assets, sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2k9OiTW

UPDATE 1-Scotiabank quits as primary dealer of UK government debt - DMO

LONDON, May 17 (Reuters) - Scotiabank has resigned as a primary dealer of British government debt, the Debt Management Office said on Thursday, the latest financial services firm to have given up the role in recent years.

from Reuters: New Issues News https://ift.tt/2GrsFqQ

UPDATE 3-Mothercare to shut a third of UK stores in battle for survival

* Battered shares rise as much as 34 pct (Adds details of 2017-18 financial results, analyst comment, updates shares)

from Reuters: New Issues News https://ift.tt/2IqNwwp

Scotiabank quits as primary dealer of UK government debt - DMO

LONDON, May 17 (Reuters) - Scotiabank has resigned as a primary dealer of British government debt, the Debt Management Office said on Thursday.

from Reuters: New Issues News https://ift.tt/2rU3Pei

UPDATE 2-Mothercare plans store closures to revive sickly UK child

* Refinancing to provide 113.5 mln pounds of funding (Adds detail, chairman comments, shares)

from Reuters: New Issues News https://ift.tt/2wU6BWi

UPDATE 1-3i's full-year total return slips to $1.9 bln

LONDON, May 17 (Reuters) - Private equity firm 3i on Thursday posted a 24 percent total return on shareholders' opening funds in the year to end-March, helped by asset sales by its infrastructure arm.

from Reuters: New Issues News https://ift.tt/2GpFZMG

UPDATE 1-UK's Mothercare will close 50 more stores in survival plan, CEO to return

LONDON, May 17 (Reuters) - Britain's Mothercare, the struggling mother and baby products retailer, said on Thursday it would close 50 more stores as part of a survival plan that would also see it ask shareholders for 28 million pounds ($38 million) in an equity raise.

from Reuters: New Issues News https://ift.tt/2rNlNjn

UPDATE 3-SABB and Alawwal agree $5 bln merger to create Saudi's third largest bank

* Deal should make it easier for RBS to exit Alawwal stake -sources

from Reuters: New Issues News https://ift.tt/2Imlg23

International Paper says it will not make hostile bid for Smurfit

* International Paper given June 6 deadline to launch hostile bid

from Reuters: New Issues News https://ift.tt/2rKwWR2

UPDATE 2-Alawwal and SABB to merge to create Saudi Arabia's third largest bank

DUBAI, May 16 (Reuters) - Saudi British Bank (SABB) and Alawwal Bank have agreed a merger that would create Saudi Arabia's third-biggest bank with assets of around $77 billion, the two banks said on Wednesday.

from Reuters: New Issues News https://ift.tt/2GneyTn

UPDATE 1-Alawwal and SABB to merge to create Saudi Arabia's third largest bank

DUBAI, May 16 (Reuters) - Saudi British Bank (SABB) and Alawwal Bank have agreed a merger that would create Saudi Arabia's third-biggest bank with assets of around $77 billion, the two banks said on Wednesday.

from Reuters: New Issues News https://ift.tt/2rKA4fO

Alawwal and SABB to merge to create Saudi Arabia's third largest bank

DUBAI, May 16 (Reuters) - Saudi British Bank (SABB) and Alawwal Bank have agreed on a merger, Alawwal Bank said on Wednesday, in a deal that would create Saudi Arabia's third-biggest bank with assets of around $77 billion.

from Reuters: New Issues News https://ift.tt/2Ks6wLx

UPDATE 3-UK draws record 37.8 bln stg investor demand for new 2071 bond

LONDON, May 15 (Reuters) - Britain received a record 37.8 billion pounds ($51 billion) of demand at the launch of a new bond maturing in 2071, showing continued strong investor appetite for British government debt.

from Reuters: New Issues News https://ift.tt/2wHZsZl

UPDATE 2-UK draws record 37 bln stg demand for new 2071 bond

LONDON, May 15 (Reuters) - Britain received record demand from investors at the launch of a new government bond which matures in 2071, as banks handling the sale took more than 37 billion pounds ($50 billion) of orders from investors.

from Reuters: New Issues News https://ift.tt/2rDMqqP

UPDATE 1-UK draws record 37 bln stg demand at launch of new 2071 bond

LONDON, May 15 (Reuters) - Investors placed a record 37 billion pounds ($50.2 billion) worth of orders on Tuesday for a new British government bond which will mature in 2071, one of the bookrunners on the deal said.

from Reuters: New Issues News https://ift.tt/2KZmmOS

UK 2071 gilt syndication draws over 27 bln stg in orders

LONDON, May 15 (Reuters) - Investors placed orders worth more than 27 billion pounds ($36.55 billion) at the launch of a new British government bond due to mature in October 2071, one of the bookrunners on the deal said on Tuesday.

from Reuters: New Issues News https://ift.tt/2Ih7TjA

UK opens books on syndication of new 2071 gilt

LONDON, May 15 (Reuters) - Britain opened books on Tuesday for the sale via syndication of several billion pounds of a new gilt maturing in October 2071 with a coupon of 1.625 percent, one of the bookrunners on the deal said.

from Reuters: New Issues News https://ift.tt/2L04l37

UPDATE 1-Turkish discount grocer Sok raises $531 mln after cutting IPO price

ISTANBUL, May 14 (Reuters) - Turkish discount grocer Sok Marketler on Monday raised 2.3 billion lira ($531 million) in an initial public offering, after being forced to cut the price and extend the bookbuilding amid weakening demand for new listings.

from Reuters: New Issues News https://ift.tt/2L0kmFZ

Hedge fund Caius says uncertainties remain on UniCredit notes

LONDON, May 11 (Reuters) - British hedge fund Caius Capital on Friday said "significant uncertainties" remained on the regulatory treatment of a complex financial instrument as UniCredit's best-quality capital, in a letter to the bank's CEO.

from Reuters: New Issues News https://ift.tt/2KSI86M

RBS to consider appeals for indirect losses to businesses in its turnaround unit

LONDON, May 10 (Reuters) - Royal Bank of Scotland will set up an appeal process to consider claims for alleged consequential losses suffered by businesses in its Global Restructuring Group, a British lawmaker said on Thursday.

from Reuters: New Issues News https://ift.tt/2jMTAET

UPDATE 1-Cyber security firm Avast falls in LSE's biggest debut of the year

LONDON, May 10 (Reuters) - Cyber security firm Avast shares were down 2.6 percent in early trade on Thursday in the London Stock Exchange's biggest debut in almost a year.

from Reuters: New Issues News https://ift.tt/2G251kM

Cyber security firm Avast down 3 pct in London debut

LONDON, May 10 (Reuters) - Cyber security firm Avast was down almost 3 percent in its debut on Thursday compared to its offer price of 250 pence in the biggest initial public offering (IPO) on the London Stock Exchange since July 2017.

from Reuters: New Issues News https://ift.tt/2I4s2JL

BRIEF-Cyber security firm Avast down 7 pence on IPO price of 250 pence in early trading

* CYBER SECURITY FIRM AVAST DOWN 7 PENCE ON IPO PRICE OF 250 PENCE IN EARLY TRADING Further company coverage: (Reporting by Dasha Afanasieva)

from Reuters: New Issues News https://ift.tt/2jMGaJ6

UPDATE 1-Cyber security firm Avast poised to list at 250 pence at bottom of price range

LONDON, May 9 (Reuters) - Private equity-backed cyber security firm Avast is set to price its initial public offering at 250 pence a share, a bookrunner source on the deal said on Wednesday, at the bottom of a 250-270 pence price range set earlier.

from Reuters: New Issues News https://ift.tt/2rv8La5

Cyber security firm Avast cuts IPO price guidance to 250-270p per share

LONDON, May 9 (Reuters) - Private equity-backed cyber security firm Avast reduced the expected price range for its landmark initial public offering to 250-270 pence a share on Wednesday, from an earlier range of 250-320 pence.

from Reuters: New Issues News https://ift.tt/2KI1bRn

UPDATE 2-Weak demand forces Springer Nature to cancel $3.2 bln float at last minute

* Science magazine publisher was due to float in Frankfurt on Wed

from Reuters: New Issues News https://ift.tt/2jEWzPw

Springer Nature cancels Frankfurt stock market listing

FRANKFURT, May 8 (Reuters) - Springer Nature, the publisher of science magazines Nature and Scientific American, has cancelled the 3.2 billion euros ($3.8 bln) stock market flotation planned for Wednesday due to weak investor demand.

from Reuters: New Issues News https://ift.tt/2wnWRUf

UPDATE 5-Japan's Takeda clinches $62 bln Shire deal as pharma M&A rolls on

* Deal expected to close in first half of 2019 (Adds ratings agency reaction, further details)

from Reuters: New Issues News https://ift.tt/2rtCYWR

British hedge fund Caius challenges capital treatment of UniCredit notes

LONDON/MILAN, May 8 (Reuters) - British hedge fund Caius Capital has asked the European Banking Authority (EBA) to open an investigation into the regulatory treatment of a complex financial instrument as UniCredit's core capital.

from Reuters: New Issues News https://ift.tt/2FVaf1F

UPDATE 1-Springer Nature IPO likely to be cheaper and smaller than original target

* Pricing expected later on Tuesday, trading to start Wednesday

from Reuters: New Issues News https://ift.tt/2jHwdMY

UPDATE 4-Japan's Takeda clinches $62 bln deal to buy drugmaker Shire

* Deal expected to close in first half of 2019 (Adds investor comment, more on past M&A, Breakingviews link)

from Reuters: New Issues News https://ift.tt/2ruUVDs

UK biotech firm Autolus joins CAR-T rush with Nasdaq IPO filing

LONDON, May 8 (Reuters) - Autolus Therapeutics, a small British company developing cell therapy treatments, is to join the swelling ranks of listed biotech companies using the new anti-cancer technology with a planned IPO on Nasdaq.

from Reuters: New Issues News https://ift.tt/2K5zuAW

UPDATE 3-Japan's Takeda clinches $62 bln deal to buy drugmaker Shire

* Takeda sees 6-7 percent reduction in global workforce (Adds further Takeda CEO quotes, more on drugs, shares)

from Reuters: New Issues News https://ift.tt/2jKf9Gd

UPDATE 2-Japan's Takeda agrees $62 billion takeover of Shire

LONDON, May 8 (Reuters) - Takeda Pharmaceutical agreed to buy London-listed Shire for 45.3 billion pounds ($61.50 billion) on Tuesday after the Japanese company raised the amount of cash in its offer to $30.33 to secure a recommendation.

from Reuters: New Issues News https://ift.tt/2rr6f4n

Russia's TCS may issue new shares for potential acquisitions

MOSCOW, May 5 (Reuters) - Russian online financial services company TCS Group may increase its share capital by up to 5 percent which could be used to make potential future acquisitions, its spokeswoman said on Saturday.

from Reuters: New Issues News https://ift.tt/2FKBv2R

UPDATE 2-Vivo Energy, Vitol's Africa venture, floats with 2 billion pound valuation

LONDON, May 4 (Reuters) - Vivo Energy PLC launched on the London Stock Exchange on Friday with a valuation of nearly 2 billion pounds ($2.7 billion), the largest London IPO so far this year and the largest Africa-focused IPO in more than a decade.

from Reuters: New Issues News https://ift.tt/2JUgyVD

UPDATE 1-Vivo Energy, Vitol's Africa venture, floats with 2 billion pound valuation

May 4 (Reuters) - Vivo Energy PLC launched on the London Stock Exchange on Friday with a valuation of nearly 2 billion pounds ($2.7 billion), the largest London IPO of the year.

from Reuters: New Issues News https://ift.tt/2rln93w

UK DMO names banks for sale of 2071 gilt in mid-May

LONDON, May 4 (Reuters) - Britain's Debt Management Office has named a syndicate of banks to sell a new conventional gilt with a 2071 maturity date, with the sale in the week starting May 14.

from Reuters: New Issues News https://ift.tt/2Kz1SMH

UPDATE 1-SLA flags possible capital return after Phoenix insurance deal

May 3 (Reuters) - Britain's Standard Life Aberdeen (SLA) said on Thursday it was considering the potential for a "substantial" return of capital to shareholders after it completes a deal to sell the bulk of its insurance business to Phoenix Group.

from Reuters: New Issues News https://ift.tt/2HQHrZS

Standard Life reiterates capital return plans after Phoenix deal

May 3 (Reuters) - Standard Life Aberdeen on Thursday said it was considering the potential for a "susbtantial" return of capital to shareholders after its deal to sell the bulk of its insurance business to Phoenix Group closes.

from Reuters: New Issues News https://ift.tt/2rgmzEW

France's Fonciere des Regions enters UK market in $1.2 bln hotels takeover deal

PARIS, May 3 (Reuters) - French property group Fonciere des Regions made its first foray into the British market on Thursday, in a deal to buy 14 upmarket hotels from Starwood Capital for 858 million pounds ($1.2 billion).

from Reuters: New Issues News https://ift.tt/2HMk1EZ

BRIEF-Fonciere Des Regions to finance UK hotels takeover deal via capital increase

* To finance this transaction, Foncière des Murs, a subsidiary of Foncière des Régions, has in particular planned an increase of its share capital in the amount of c. €300 million, to be subscribed by all its major shareholders

from Reuters: New Issues News https://ift.tt/2Ky7mr2

Neptune Energy increases bond offering to $550 mln

* Neptune Energy Bondco plc, a wholly-owned subsidiary of oil producer Neptune Energy Group Limited, announced on May 1 it has priced its offering of 6 5/8 pct senior notes (the “Offering”) in an aggregate principal amount of $550 million (the “Notes”)

from Reuters: New Issues News https://ift.tt/2w92h5q

RPT-Aviva to pay up to 14 mln stg to investors over preference shares

LONDON, April 30 (Reuters) - British insurer Aviva said it would pay up to 14 million pounds ($19.25 million) to compensate holders of its preference shares who sold out before the company backed down on a plan to cancel them.

from Reuters: New Issues News https://ift.tt/2KqZM1h

UPDATE 1-Carpetright creditors back UK restructuring plan

LONDON, April 26 (Reuters) - Creditors and landlords of Carpetright approved the struggling British retailer's restructuring plan at a meeting on Thursday.

from Reuters: New Issues News https://ift.tt/2r2a1kB

Carpetright creditors back UK restructuring plan

LONDON, April 26 (Reuters) - Creditors and landlords of Carpetright approved the struggling British retailer's restructuring plan at a meeting on Thursday.

from Reuters: New Issues News https://ift.tt/2JssLQX

Cyber security firm Avast targets $4.5 bln valuation in IPO

LONDON, April 26 (Reuters) - Private equity-backed cyber security firm Avast is targeting a market capitalisation of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.

from Reuters: New Issues News https://ift.tt/2HrTgJL

UPDATE 2-Springer Nature to offer 1.6 bln euros of shares in listing

FRANKFURT, April 25 (Reuters) - Springer Nature, the publisher of science magazines Nature and Scientific American, is offering shares worth up to 1.6 billion euros ($1.95 billion) in its planned initial public offering (IPO), it said on Wednesday.

from Reuters: New Issues News https://ift.tt/2Keewk3

Springer Nature sets price range for Frankfurt flotation

FRANKFURT, April 25 (Reuters) - Springer Nature, the publisher of science magazines Nature and Scientific American, is offering shares worth up to 1.6 billion euros ($1.95 billion) in its planned initial public offering (IPO), it said on Wednesday.

from Reuters: New Issues News https://ift.tt/2FgXcag

Ardian sells 49 percent stake in Luton Airport concession to AMP Capital

LONDON, April 24 (Reuters) - French investment company Ardian has agreed to sell its 49 percent stake in the concession to run Britain's fifth largest airport Luton to AMP Capital for an undisclosed sum.

from Reuters: New Issues News https://ift.tt/2vLbX5W

UPDATE 3-UK's Capita raises cash as aims to put problems in past

* Will raise 700 mln pounds for restructuring and balance sheet

from Reuters: New Issues News https://ift.tt/2Ka6BV2

UPDATE 2-UK's Capita turns to shareholders to fund business relaunch

* Will raise 700 mln pounds to fund restructuring, strengthen balance sheet

from Reuters: New Issues News https://ift.tt/2Hk7jB3

UPDATE 1-Old Mutual to list emerging market, UK fund units in June

* Rest to have primary list in South Africa (Adds CEO comment, share price, CEO bonus)

from Reuters: New Issues News https://ift.tt/2qSS5bt

Old Mutual to list emerging market, UK fund units in June

LONDON, April 20 (Reuters) - Old Mutual said on Friday that the next stage of a planned break-up of the company would take place in June with the listing of its asset management and emerging market units.

from Reuters: New Issues News https://ift.tt/2qMx3vO

UPDATE 2-Britain's FCA sends 'Dear CEO' letter to preference share issuers

* Other listed firms have yet to clarify position -FCA (Updates with graphic)

from Reuters: New Issues News https://ift.tt/2EZdk0d

UPDATE 1-Britain's FCA sends 'Dear CEO' letter to preference share issuers

* Other listed firms have yet to clarify position -FCA (Adds fund manager, investor letters)

from Reuters: New Issues News https://ift.tt/2HJK8x0

Dutch energy company Eneco working with Citi on sale -sources

LONDON/AMSTERDAM, April 18 (Reuters) - Dutch energy company Eneco is working with investment bank Citi to advise on its privatisation, which should kick off soon, three sources familiar with the matter said.

from Reuters: New Issues News https://ift.tt/2HISZiy

UPDATE 1-Russian housebuilder PIK Group postpones bond sale

MOSCOW, April 17 (Reuters) - Russia's biggest housebuilder PIK Group said on Tuesday it had postponed indefinitely the sale of 14 billion roubles ($227.66 million) of domestic bonds.

from Reuters: New Issues News https://ift.tt/2H5pbQi

BRIEF-Russian Railways Decides To Increase Share Capital

* DECIDES TO INCREASE SHARE CAPITAL BY 25.9 MLN ADDITIONAL SHARES WITH PLACEMENT PRICE RUB 1,000 PER SHARE IN CLOSED SUBSCRIPTION

from Reuters: New Issues News https://ift.tt/2H4JpcU

CORRECTED-UPDATE 2-Cyber security firm Avast plans watershed London tech listing

LONDON, April 12 (Reuters) - Avast, the world's largest consumer antivirus supplier by customers, said on Thursday it will apply to list its shares on the London Stock Exchange in what could be a blockbuster float expected to value the company at around $4 billion.

from Reuters: New Issues News https://ift.tt/2qtdPuU

UPDATE 2-Cyber security firm Avast plans watershed London tech listing

* Follows IPOs of other 'freemium' firms (Adds more detail, background, source on valuation)

from Reuters: New Issues News https://ift.tt/2vcRiYc

UPDATE 1-Springer Nature aims to raise 1.2 bln euros in new money in IPO

* BC Partners to sell some shares, Holtzbrinck to keep its stake

from Reuters: New Issues News https://ift.tt/2EFSYsB

UPDATE 1-Britain's Carpetright plans to close 92 stores in restructuring

LONDON, April 12 (Reuters) - Struggling British flooring retailer Carpetright said it would seek creditor approval for a restructuring plan to close 92 stores and reduce rents at 113 of its sites, resulting in about 300 job losses.

from Reuters: New Issues News https://ift.tt/2GQz8k9

UPDATE 3-Vitol to list African venture Vivo, cancels Varo float

* Firm expects to be able to join FTSE UK indices (Updates with Varo IPO cancellation)

from Reuters: New Issues News https://ift.tt/2qkqT5T

Investor immunity to cryptocurrency 'disease' is growing, says Barclays

LONDON, April 10 (Reuters) - The investment mania for cryptocurrencies is like an infectious disease whose transmission rate may be declining, Barclays said on Tuesday, concluding their combined market capitalisation has probably already peaked.

from Reuters: New Issues News https://ift.tt/2ql7wIW

UPDATE 2-Vitol's African venture Vivo to float in London, Johannesburg

* Firm expects to be able to join FTSE UK indices (Adds details on Vivo and its on ownership, Varo listing)

from Reuters: New Issues News https://ift.tt/2GNh5eG

Avanti warns of insolvency if cannot complete debt restructuring

April 9 (Reuters) - Satellite operator Avanti Communications said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million.

from Reuters: New Issues News https://ift.tt/2qgDQ0i

Aston Martin plans to appoint three banks to prepare 4 billion stg float - source

LONDON, April 6 (Reuters) - Aston Martin is preparing to appoint three banks to manage a possible London stock market listing of the luxury car manufacturer that could value it at between 4 billion pounds and 5 billion pounds ($5.6 billion to $7 billion), according to a source with direct knowledge of the matter.

from Reuters: New Issues News https://ift.tt/2EqdD3K

Global IPO proceeds hit four year high in first quarter

LONDON, March 30 (Reuters) - Global proceeds from initial public offerings (IPO) rose to $39 billion in the first quarter of 2018, the highest since 2014, as companies rushed to take advantage of generally strong equity markets and robust economic growth amid signs they may not last.

from Reuters: New Issues News https://ift.tt/2Ihprrr

UPDATE 1-ATON raises stake in S.Africa's Murray & Roberts in takeover attempt

JOHANNESBURG, March 29 (Reuters) - German investor ATON said on Thursday it had raised its stake in South Africa's Murray & Roberts to 33.1 percent as it seeks to takeover the engineering and construction firm despite management opposition.

from Reuters: New Issues News https://ift.tt/2GkOfhB

ATON raises stake in S.Africa's Murray & Roberts in takeover attempt

JOHANNESBURG, March 29 (Reuters) - German investor ATON said on Thursday it had raised its stake in South Africa's Murray & Roberts to 33.1 percent as it seeks to takeover the engineering and construction firm despite management opposition.

from Reuters: New Issues News https://ift.tt/2pOt2q3

AMC is working with Citi on potential $2 bln float of Odeon cinemas -sources

* Parent company seeks to capitalise on higher European valuations

from Reuters: New Issues News https://ift.tt/2pPqLtS

UPDATE 1-UK watchdog to review Aviva over preference share plan

LONDON, March 28 (Reuters) - Britain's markets watchdog will review Aviva's treatment of its preference shareholders to see if any of them lost money following the insurer's decision to drop a plan to cancel these high-yielding shares. The preference shares , which give holders fixed dividends that take priority over ordinary share dividends, fell sharply after Aviva said earlier this month it might cancel them. Cancelling the shares would have saved Aviva about 38 million pounds ($53.64 million

from Reuters: New Issues News https://ift.tt/2pLrVr9

UPDATE 1-ATON's bid in South Africa's Murray & Roberts rejected by major shareholder

JOHANNESBURG, March 28 (Reuters) - The buyout bid from Germany's ATON for Murray & Roberts (M&R) could be in doubt after the fourth-largest shareholder in South African engineering and construction company, rejected their offer.

from Reuters: New Issues News https://ift.tt/2GAs8Hu

South Africa M&R's top 5 investor rejects ATON's buyout bid

JOHANNESBURG, March 28 (Reuters) - The fifth-largest shareholder in Murray & Roberts (M&R) plans to reject a hostile buyout bid from Germany's ATON that values the South African builder at nearly $600 million.

from Reuters: New Issues News https://ift.tt/2E164QY

UK watchdog conducts review into Aviva over preference shares

LONDON, March 28 (Reuters) - Britain's markets watchdog will review Aviva's treatment of holders of its preference shares following the insurer's abandoned plan to cancel the shares, to see if any shareholders lost money as a result, it said on Wednesday.

from Reuters: New Issues News https://ift.tt/2GjgMEg

UPDATE 1-Capita to set out new strategy, rights issue on April 26 - source

LONDON, March 28 (Reuters) - Britain's Capita will publish a five-year transformation plan and details of a rights issue with its annual results on April 26, a person familiar with the matter said, giving the services group a clean slate after a raft of profit warnings.

from Reuters: New Issues News https://ift.tt/2E1g4JM

UK's Capita to set out new strategy, rights issue on April 26 - source

LONDON, March 27 (Reuters) - Britain's Capita will publish a five-year transformation strategy and rights issue details with its annual results on April 26 as the IT-based services firm seeks a fresh start after several profit warnings, a person familiar with the matter said.

from Reuters: New Issues News https://ift.tt/BFaz2j

RPT-France to sell new 18-year euro zone linker bond by syndicate

PARIS, March 27 (Reuters) - France is to sell by syndicate a new, 18-year bond with a yield linked to euro zone inflation in the coming days, the Agence France Tresor public debt agency said on Tuesday.

from Reuters: New Issues News https://ift.tt/2I4tjMs

France to sell new 18-year euro zone linker bond by syndicate

PARIS, March 27 (Reuters) - France is to sell by syndicate a new, 18-year bond with a yield linked to euro zone inflation in the coming days, the Agence France Tresor public debt agency said on Tuesday.

from Reuters: New Issues News https://ift.tt/2ITlqKK

UPDATE 2-Travelport shares jump 17 pct as hedge fund Elliott buys stake

March 26 (Reuters) - Shares of Travelport Worldwide Ltd jumped 17 percent on Monday after activist hedge fund Elliott Management Corp disclosed a large stake and said it might try to purchase the travel software company outright.

from Reuters: New Issues News https://ift.tt/2G9SPTZ

UPDATE 1-Hedge fund Elliott says it could acquire Travelport, buys 12 pct stake

March 26 (Reuters) - Activist hedge fund Elliott Management Corp on Monday asked Travelport Worldwide Ltd to pursue a sale and said it could be a potential buyer as it disclosed a nearly 12 percent stake in the travel software company.

from Reuters: New Issues News https://ift.tt/2uqAv3c

Elliott says could buy Travelport, buys 12 percent stake

March 26 (Reuters) - Activist hedge fund Elliott Management Corp on Monday asked Travelport Worldwide Ltd to pursue a sale and said it could be a potential buyer as it disclosed a nearly 12 percent stake in the travel software company.

from Reuters: New Issues News https://ift.tt/2pGInsT

UPDATE 3-GKN promises quick cash for investors as takeover battle comes to a head

* GKN says to quickly return up to 700 mln stg to shareholders

from Reuters: New Issues News https://ift.tt/2GvPPAN

UPDATE 2-GKN promises quick cash for investors as takeover battle comes to a head

* GKN says to quickly return up to 700 mln stg to shareholders

from Reuters: New Issues News https://ift.tt/2ufIArq

UPDATE 1-CVC among private equity firms eyeing British telecoms group Daisy-sources

LONDON, March 23 (Reuters) - Private equity firms including CVC Capital Partners are eyeing bids for Daisy Group in an auction that could value the British telecoms business at about 1 billion pounds ($1.41 billion), banking sources told Reuters.

from Reuters: New Issues News https://ift.tt/2HW5K8c

BRIEF-Mobilezone: Subscription Rights For 99.9 Pct Of Shares Offered Were Exercised

* SAYS SUBSCRIPTION RIGHTS FOR 8,573,352 NEW REGISTERED SHARES HAVE BEEN EXERCISED BY END OF SUBSCRIPTION PERIOD

from Reuters: New Issues News https://ift.tt/2GkQu84

CVC among private equity firms eyeing British telecoms group Daisy-sources

LONDON, March 23 (Reuters) - Private equity firms including CVC Capital Partners are eyeing bids for Daisy Group in an auction that could value the British telecoms business at about 1 billion pounds ($1.41 billion), banking sources told Reuters.

from Reuters: New Issues News http://ift.tt/2pCry1d

UPDATE 3-Aviva backs down on plan to cancel preference shares ​

* Regulator had asked Aviva to explain legal basis of plan (Adds investor response, updates preference shares)

from Reuters: New Issues News http://ift.tt/2G1hABq

UPDATE 2-Aviva backs down on plan to cancel preference shares ​

* Regulator had asked Aviva to explain legal basis of plan (Updates with quotes and preference share prices)

from Reuters: New Issues News http://ift.tt/2pyNE5J

UPDATE 1-Britain's Aviva scraps plan to cancel preference shares​

LONDON, March 23 (Reuters) - British insurer Aviva has abandoned a plan to cancel high-yielding preference shares that had been opposed by investors and drawn scrutiny from the country's financial watchdog.

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

Britain's Aviva scraps plan to cancel preference shares​

LONDON, March 23 (Reuters) - British insurer Aviva said on Friday it would abandon a plan to cancel high-yielding preference shares that had been opposed by investors and drawn scrutiny from Britain's Financial Conduct Authority watchdog.

from Reuters: New Issues News http://www.reuters.com/article/aviva-gb-preference-shares/britains-aviva-scraps-plan-to-cancel-preference-shares-idUSFWN1R417X?feedType=RSS&feedName=newIssuesNews

MHP launches at 6.95%

LONDON, March 22 (IFR) - * Launches US$550m at 6.95% (4:12pm) * Final guidance 7% (+/-5bp) wpir. Expected size US$500m-US$550m (max). Book size over US$1.35bn. (2.39pm) * Guidance at 7.125%-7.25%. Expected size around US$500m. Tender results: US$409.783m. (1.03pm) * IPTs 7.25%-7.375% area for USD benchmark Apr 2026 note. Books open, today's business (08:50am)

from Reuters: New Issues News http://ift.tt/2ubDg8H

MHP opens books on USD 8yr bond

LONDON, March 22 (IFR) - *IPTs 7.25%-7.375% area for USD benchmark Apr 2026 note. Books open, today's business (08:50am)

from Reuters: New Issues News http://ift.tt/2DLAS83

UPDATE 2-UK markets watchdog asks Aviva to explain preference share plans

* Its preference shares down by up to 30 pct since announcement

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

UPDATE 1-UK markets watchdog asks Aviva to explain preference share plans

LONDON, March 21 (Reuters) - Britain's markets watchdog has asked insurer Aviva to explain the legal basis for statements about proposals to cancel high-yielding preference shares, it said on Wednesday.

from Reuters: New Issues News http://ift.tt/2DJ1V42

UK markets watchdog asks Aviva to explain preference share plans

LONDON, March 21 (Reuters) - Britain's markets watchdog has asked insurer Aviva to explain the legal basis for recent statements about the cancellation of its preference shares , it said on Wednesday.

from Reuters: New Issues News http://ift.tt/2u3btHy

Troubled UK retailer Carpetright to raise capital, sell stake to key investor

March 21 (Reuters) - British retailer Carpetright has agreed a loan with a shareholder in exchange for new shares to fund the short term running of the company, and may raise a further 60 million pounds ($84.15 million) to strengthen its balance sheet, it said on Wednesday.

from Reuters: New Issues News http://ift.tt/2HOct4k

Ghana to name four lead advisors for $2.5 bln Eurobond sale

ACCRA, March 20 (Reuters) - Ghana is set to name four banks as lead advisers for a planned sale of up to $2.5 billion of Eurobonds, expected by June, sources close to the transaction said on Tuesday.

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

RBS Chief McEwan hopes to resolve U.S. Justice Department case in 2018

LONDON, March 20 (Reuters) - Royal Bank of Scotland hopes to reach a settlement with the U.S. Justice Department over alleged mis-selling of toxic mortgage-backed securities this year, its chief executive said on Tuesday, although it has no news on the timing of any deal.

from Reuters: New Issues News http://ift.tt/2u4YZ1W

Steinhoff says considering all options to help cut debt

JOHANNESBURG, March 20 (Reuters) - Crisis-hit South African retailer Steinhoff said on Tuesday it is considering "all of its options" in order to support its liquidity after a report on Monday that the retailer could sell a stake in its African unit.

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

Rocket Internet explores IPO of online shopping group Jumia - sources

FRANKFURT, March 16 (Reuters) - German start-up investor Rocket Internet is exploring a stock market listing of loss-making African online shopping platform Jumia, people close to the matter said.

from Reuters: New Issues News http://ift.tt/2GAm8vT

Rio Tinto hires UBS to explore Pacific Aluminium listing - sources

LONDON, March 16 (Reuters) - Rio Tinto has asked Swiss investment bank UBS to explore a possible public listing of its Pacific Aluminium smelting business on the Australian Stock Exchange (ASX), two industry sources said on Friday.

from Reuters: New Issues News http://ift.tt/2FO4bJ0

Barclays CIB chief Throsby gets £12.5m of shares

LONDON, March 16 (IFR) - Barclays' investment bank boss Tim Throsby has been awarded shares worth £12.5m, including £9m to compensate him for stock he forfeited when he joined the British bank last year from JP Morgan.

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

UPDATE 2-Greece's Energean lists in London, raises $460 mln for Israeli gas project

LONDON, March 16 (Reuters) - Greece's Energean Oil & Gas listed on the London Stock Exchange on Friday, raising $460 million to develop two Israeli offshore gas fields in the latest milestone for the rapidly expanding eastern Mediterranean energy sector.

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

BRIEF-Energean CEO expects FID on Israeli gas fields this month

March 16 (Reuters) - Energean Oil & Gas Plc :

from Reuters: New Issues News http://ift.tt/2FUp0pB

UPDATE 1-Greece's Energean lists in London, raises $500 mln for Israeli gas project

* Shares up 0.4 pct after opening of trade (Recasts, adds details, quotes)

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

Greece's Energean IPO to raise $500 mln for Israeli gas project

LONDON, March 16 (Reuters) - Greece's Energean Oil & Gas plans to raise about $500 million to develop its Israeli offshore fields through an initial public offering (IPO) in London, it said on Friday.

from Reuters: New Issues News http://ift.tt/2G0cx3C

UK's Conviviality considers equity raising after forgotten tax bill

LONDON, March 16 (Reuters) - British drinks wholesaler Conviviality, which earlier this week revealed it had neglected to allow for a 30 million pounds ($42 million) tax bill in its cash flow forecast, said on Friday it was considering raising new equity.

from Reuters: New Issues News http://ift.tt/2Dw8tTw

UPDATE 2-Africa's Helios ditches London IPO plans, Congo turmoil weighs

LONDON, March 15 (Reuters) - African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion).

from Reuters: New Issues News http://ift.tt/2FLQ4E7

UPDATE 1-Africa's Helios ditches London IPO plans, Congo turmoil weighs

LONDON, March 15 (Reuters) - African mobile phone mast firm Helios Towers on Thursday pulled its plans to list in London, with one banker saying the expected IPO price was too low for shareholders who had been valuing the firm at as much as 2 billion pounds ($2.8 billion).

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

Helios Towers ditches 2 bln stg London IPO plan

LONDON, March 15 (Reuters) - Helios Towers has ditched its plans to launch an initial public offering (IPO) in London which was expected to value the business at about 2 billion pounds ($2.8 billion), the African mobile networks operator said on Thursday.

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

UPDATE 4-Noble Group clinches restructuring deal with group of creditors

* Company would seek move to Britain if deal not approved (Adds quotes in paras 3-4)

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

Azeri oil fund to boost state transfers in 2018

BAKU, March 14 (Reuters) - Azerbaijan's national oil fund SOFAZ plans to transfer up to 50 percent more money to the state budget this year than in 2017, it said on Wednesday.

from Reuters: New Issues News http://ift.tt/2p9CnIz

UPDATE 3-Steinhoff sells part of stake in South Africa's KAP to help cut debt

* Steinhoff to retain remaining 26 pct stake in KAP (Recasts lead with money raised, adds details)

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

UPDATE 2-Steinhoff sells part of stake in South Africa's KAP to cut debt

* Accelerated bookbuild could raise $300 million - banker (Adds shares, Mattress Firm cash needs)

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

EBRD issues its first "health bond" worth 317 mln zlotys

WARSAW/LONDON, March 13 (Reuters) - The European Bank for Reconstruction and Development (EBRD) said on Tuesday it has issued its first "health bond", raising 317 million zlotys ($92.84 million) from one of Japan's largest life insurers to finance health projects across the globe.

from Reuters: New Issues News http://ift.tt/2FxrD13

UPDATE 3-Britain's Melrose raises GKN bid to $11.2 bln in final offer

* GKN had agreed deal to spin off car parts business (Updates with GKN rejection, Aviva Investors comment)

from Reuters: New Issues News http://ift.tt/2p9cCYj

Britain's GKN rejects Melrose $11.2 bln final offer

March 12 (Reuters) - GKN rejected Melrose Industries' increased and final 8.1 billion pounds ($11.2 billion) offer for the British engineering firm, saying the turnaround specialist was not the right owner.

from Reuters: New Issues News http://ift.tt/2HrHEC2

CORRECTED-Troubled UK outsourcer Capita brings in new broom for staff changes

EDINBURGH, March 12 (Reuters) - IT-led outsourcer Capita has named a new chief people officer who will report directly to CEO Jonathan Lewis and spearhead the staff changes needed for the troubled British services company to get back on track.

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

Troubled UK outsourcer Capita brings in new broom for staff changes

EDINBURGH, March 12 (Reuters) - IT-led outsourcer Capita has named a new chief people officer who will sit on its board and spearhead the staff changes needed for the troubled British services company to get back on track.

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

UPDATE 2-Britain's Melrose raises GKN bid to $11.2 bln in final offer

* Had agreed its own deal to spin off car parts business (Adds GKN response, shareholder comment, background)

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

UPDATE 1-Britain's Melrose ups "final" offer for GKN to $11.2 bln

LONDON, March 12 (Reuters) - Melrose Industries increased its hostile offer for GKN to 8.1 billion pounds on Monday by boosting the equity element of the offer, appealing to investors after the British engineering firm struck a rival deal of its own last week.

from Reuters: New Issues News http://ift.tt/2p2VCUo

Melrose ups offer for GKN, says latest bid final

LONDON, March 12 (Reuters) - Melrose Industries raised its offer for GKN, the British engineering company which it is pursuing through a hostile takeover, stating that the new bid represented a final offer and would not be increased under any circumstances.

from Reuters: New Issues News http://ift.tt/2FB5o6n

UK officials told that Aramco IPO unlikely until 2019 -FT

March 11 (Reuters) - British officials have been informed by their Saudi counterparts that oil giant Saudi Aramco's initial public offering is likely to be delayed until 2019, the Financial Times reported.

from Reuters: New Issues News http://ift.tt/2GfQ5B4

Hong Kong suspends UBS as IPO sponsor for 18 months

ZURICH/HONG KONG, March 9 (Reuters) - Hong Kong's securities regulator has blocked UBS from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision.

from Reuters: New Issues News http://ift.tt/2oX2gvc

Saudi concerned about risks with New York IPO for Aramco - CNN

March 8 (Reuters) - Saudi Arabia has concerns about the risks that oil giant Aramco would run by choosing New York as the venue for its $100 billion market listing, Energy Minister Khalid al-Falih said in an interview with CNN.

from Reuters: New Issues News http://ift.tt/2oUOdq1

Advent to seek buyer for conveyor belt firm Ammeraal Beltech -sources

LONDON, March 7 (Reuters) - Private equity firm Advent has hired Goldman Sachs and Rothschild to sell Dutch conveyor belt company Ammeraal Beltech in a process expected to begin around the end of this month, two sources familiar with the deal said.

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

Atom Bank raises $206 million as major backers raise their stakes

LONDON, March 7 (Reuters) - Britain's Atom Bank has raised 149 million pounds ($207 million) in a funding round that saw its main backers Spanish lender BBVA and London's Toscafund Asset Management raise their stakes, the app-based bank said on Wednesday.

from Reuters: New Issues News http://ift.tt/2I5GaPf

Smurfit Kappa reaffirms rejection of International Paper approach

DUBLIN, March 7 (Reuters) - Smurfit Kappa's board reaffirmed its rejection of a takeover offer from International Paper Co after its U.S. rival revealed late on Tuesday that the bid was worth 8 billion euros ($10 billion).

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

BRIEF-Orior Launches Placement Of Up To 0.6 Mln New Shares

* LAUNCHES A PLACEMENT OF UP TO 592,499 NEW SHARES THROUGH AN ACCELERATED BOOKBUILDING

from Reuters: New Issues News http://ift.tt/2Fl2NNA

Europe's IPO hopefuls face investor caution over quality, price

LONDON, March 5 (Reuters) - Europe is on course for its busiest start to the year for initial public offerings since 2015 but a jump in stock market volatility and a few IPO flops have made investors more discerning of where they put their cash.

from Reuters: New Issues News http://ift.tt/2D0Hlvp

UPDATE 1-Tesco completes $5.5 bln takeover of Booker​

LONDON, March 5 (Reuters) - Tesco's 4 billion pound ($5.51 billion) takeover of Booker has completed, both companies said on Monday, creating a new powerhouse in Britain's 200 billion pound-a-year food market.

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

UPDATE 1-African telecoms towers operator Helios plans London listing

London, March 2 (Reuters) - African mobile towers operator Helios Towers plans to list on the London Stock Exchange in early April, it said on Friday, with an expected valuation of about 2 billion pounds ($2.75 billion).

from Reuters: New Issues News http://ift.tt/2F5Ee7u

UPDATE 2-Advent Intl to buy UK electronics firm Laird in $1.65 bln deal

* Buyout firms turning to public markets for targets (Adds share price spike)

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

CORRECTED-UPDATE 1-Dutch energy storage firm Alfen plans IPO

AMSTERDAM, March 1 (Reuters) - Dutch energy storage firm Alfen Beheer BV said on Thursday it intended to seek an initial public offering of shares on the Amsterdam Euronext stock exchange.

from Reuters: New Issues News http://ift.tt/2Fb5G70

UPDATE 1-Advent Intl to buy UK tech firm Laird in $1.65 bln deal

LONDON, March 1 (Reuters) - Private equity firm Advent International has agreed to buy British electronics and technology business Laird, the firms said on Thursday, valuing it at around 1.2 billion pounds ($1.65 billion) including debt.

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

Allied Irish Banks increases post-IPO dividend payments

DUBLIN, March 1 (Reuters) - Allied Irish Banks (AIB) will raise its dividend, it said, after annual results on Thursday that showed higher capital, lower nonperforming loans and a drop in pretax profit on fewer one-off gains.

from Reuters: New Issues News http://ift.tt/2F4wxhR

UPDATE 2-Melrose's $10 bln GKN bid opposed by investor adviser PIRC

* Melrose shareholders to vote on March 8 (Adds Glass Lewis recommendation)

from Reuters: New Issues News http://ift.tt/2HSH1T2

UPDATE 3-Tesco and Booker shareholders give marriage blessing

* Shares in both companies rise (Adds detail, Tesco chairman, fund manager comments, updates shares)

from Reuters: New Issues News http://ift.tt/2F1vxPH

L-Bank sets IPTs for US dollar FRN three-tranche taps

LONDON, Feb 28 (IFR) - Landeskreditbank Baden Wuerttemberg – Foerderbank has started marketing taps of a three-tranche bond, increasing the Apr 2020s, Sep 2021s and Mar 2023s by US$250m, US$500m and US$500m, respectively.

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

India's Bharti Airtel wants to get out of towers, committed to Africa

BARCELONA, Feb 28 (Reuters) - India's Bharti Airtel is exploring merger and sale options for its mobile towers businesses as Chairman Sunil Bharti Mittal seeks to get out of the infrastructure game and focus on connectivity.

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

UPDATE 2-Tesco and Booker shareholders give blessing to marriage

* Shares in both companies rise (Adds details of Booker meetings, shares)

from Reuters: New Issues News http://ift.tt/2HOMs5H

UPDATE 1-Proxy shareholding group PIRC opposes Melrose bid for GKN

LONDON, Feb 28 (Reuters) - Proxy voting adviser PIRC has told Melrose Industries shareholders they should oppose its 7 billion pound ($9.67 billion) bid for engineering group GKN because of the hostile nature of its offer and political scrutiny it has drawn.

from Reuters: New Issues News http://ift.tt/2oC2ZB6

UPDATE 1-Tesco shareholders give blessing to Booker takeover

LONDON, Feb 28 (Reuters) - Shareholders in Tesco, Britain's biggest retailer, on Wednesday overwhelmingly backed the takeover of Booker, the country's largest wholesaler, according to a provisional voting announcement.

from Reuters: New Issues News http://ift.tt/2F1NBc4

BRIEF-Awilco Drilling ‍Intends To Carry Out A Subsequent Offering

* ‍INTENDS TO CARRY OUT A SUBSEQUENT OFFERING OF UP TO 1,400,000 NEW SHARES IN COMPANY​

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

BRIEF-‍Awilco Drilling to issue $65 mln in new shares to build $425 mln rig at Keppel

* ‍AWILCO DRILLING IS CONTEMPLATING A PRIVATE PLACEMENT OF NEW SHARES WITH GROSS PROCEEDS IN AMOUNT OF USD 65 MILLION DIRECTED TOWARDS NORWEGIAN AND INTERNATIONAL INVESTORS​

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

UPDATE 1-RBS staffing shows turnaround unit "merely" rebranded says UK lawmaker

LONDON, Feb 27 (Reuters) - Nearly all the senior employees in Royal Bank of Scotland's business turnaround division also worked for its predecessor, which is alleged to have pushed firms into bankruptcy, British lawmakers said on Tuesday.

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

UPDATE 2-Provident Financial shares soar as capital raising seen as first step to recovery

* Settles Vanquis Bank probe with FCA (Adds details, CEO comments, share movement)

from Reuters: New Issues News http://ift.tt/2CKlvw8

UPDATE 2-Hong Kong to ease rules for secondary listing of US, UK-listed firms

* HKEX wants to ease restrictions on secondary listings in city

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

UK builder Persimmon reins in management bonus scheme after criticism

Feb 23 (Reuters) - British housebuilder Persimmon has scaled back potential rewards under its management bonus plan following widespread criticism of a scheme that could have netted bosses more than 200 million pounds ($279 million) from share options.

from Reuters: New Issues News http://ift.tt/2CBBXP7

Financial services firm SimplyBiz eyes 150 million pound London IPO - source

LONDON, Feb 21 (Reuters) - British company SimplyBiz is joining a queue of financial services firms preparing for flotations on the London stock market with plans for a listing that could value the group at more than 150 million pounds ($209 million).

from Reuters: New Issues News http://ift.tt/2EI6VXO

Turkish Treasury says mandates banks for panda market bond issue

ISTANBUL, Feb 21 (Reuters) - Turkey has mandated Bank of China, HSBC and ICBC to explore bond issuance opportunities in China's panda market, the Turkish Treasury said on Wednesday.

from Reuters: New Issues News http://ift.tt/2ED4TIn

UPDATE 2-Temenos agrees 1.4 bln stg deal for Fidessa, activist Elliott enters

* Elliott Capital Advisors discloses nearly 5 pct Fidessa stake (Updates market reaction, adds details on Elliott)

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

UPDATE 1-Temenos agrees 1.4 bln stg deal for Fidessa, activist Elliott enters

ZURICH, Feb 21 (Reuters) - Swiss software company Temenos said it has agreed a 1.4 billion pound ($1.96 billion) deal to buy British peer Fidessa Group, whose shares traded above the offer price as an activist investor disclosed a stake of nearly 5 percent.

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

UPDATE 2-Temenos in talks to buy British trading software company Fidessa

* Swiss software supplier pursuing expansion beyond banking sector

from Reuters: New Issues News http://ift.tt/2BEn3ee

UPDATE 3-HSBC profit disappoints as CEO Gulliver bows out

* Shares fall 4.4 percent (Adds investor reaction, share update, CEO quote)

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

UPDATE 1-Temenos, Fidessa in advanced talks for $1.97 bln Fidessa offer

ZURICH, Feb 20 (Reuters) - Swiss banking software supplier Temenos and Fidessa Group said on Tuesday they were in advanced discussions regarding a possible all-cash offer valuing the British trading software provider at about 1.41 billion pounds ($1.97 billion).

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

For timing of Aramco IPO, watch forward oil price curve

* Kingdom wants long-dated oil price ideally at $70/b -sources

from Reuters: New Issues News http://ift.tt/2EAEv1Q

UPDATE 1-Britain's financial watchdog refuses to publish report on RBS

LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it would not publish the full report into Royal Bank of Scotland Group's treatment of small businesses, but instead sent a copy of the report to lawmakers on Friday.

from Reuters: New Issues News http://ift.tt/2F6CpYH

Britain's financial watchdog refuses to publish report on RBS

LONDON, Feb 16 (Reuters) - Britain's financial watchdog said it would not publish the full report into Royal Bank of Scotland Group's treatment of small businesses, but instead sent a copy of the report to lawmakers on Friday.

from Reuters: New Issues News http://ift.tt/2HlD3SS

Sky investor Polygon says Fox offer undervalues broadcaster

LONDON, Feb 14 (Reuters) - Hedge fund Polygon Global Partners, which is an investor in Sky, said the outcome of the English Premier League soccer rights auction supported its view that the takeover by Twenty-First Century Fox undervalues the British company.

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

RPT-UPDATE 1-Attention turns to bid price after Sky's soccer winner

* Sky shares rise above Fox offer price of 10.75 pounds a share

from Reuters: New Issues News http://ift.tt/2o6Uu0z

UPDATE 1-Attention turns to bid price after Sky's soccer winner

* Sky shares rise above Fox offer price of 10.75 pounds a share (Adds Sky shareholder, further analyst reaction)

from Reuters: New Issues News http://ift.tt/2EopMH3

CVC chooses banks to lead Sky Bet float in London - sources

LONDON, Feb 14 (Reuters) - The majority owner of Britain's Sky Bet, CVC, has chosen investment banks Citi, Goldman Sachs and Barclays to lead an initial public offering of the online betting company, two sources familiar with the matter said.

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

UPDATE 2-Galliford seeks funds after collapse of partner Carillion

* Looks to raise 150 mln stg from investors to offset Carillion collapse costs

from Reuters: New Issues News http://ift.tt/2o6gIzY

UPDATE 2-Danone to sell $1.9 bln Yakult stake in quest to boost shareholder returns

* Danone to sell 14 percent Yakult stake, two-thirds of holding

from Reuters: New Issues News http://ift.tt/2Eqdrq1

Sky's investors cheer its Premier League result

LONDON, Feb 14 (Reuters) - Rupert Murdoch's Sky has tightened its grip on English Premier League soccer rights at a lower price than it currently pays, boosting its shares early on Wednesday.

from Reuters: New Issues News http://ift.tt/2Bt5r4T

UPDATE 1-British construction group Galliford Try to raise 150 mln pounds

Feb 14 (Reuters) - British construction group Galliford Try said it planned to raise 150 million pounds ($209 million) from investors in coming weeks and said it would bring forward plans to increase its dividend cover to the current financial year.

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

Financial services firm JTC eyes 320 mln-pound London IPO - sources

LONDON, Feb 12 (Reuters) - Financial services business JTC Group is gearing up for a London stock market float that could value the private-equity backed firm at more than 300 million pounds ($414.33 million), according to two sources with knowledge of the matter.

from Reuters: New Issues News http://ift.tt/2o3WEhk

Russia's Sistema: toy retailer Detsky Mir to sell shares in March

MOSCOW, Feb 9 (Reuters) - Russian children's goods retailer Detsky Mir plans to hold a secondary share offering in March, Vladimir Yevtushenkov, chairman of its parent company Sistema, said on Friday.

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

Activist Sandell calls on Booker to secure better Tesco bid terms

LONDON, Feb 8 (Reuters) - Activist investor Sandell Asset Management plans to oppose Tesco's 3.7 billion pound ($5.2 billion) takeover of Booker Group unless the wholesaler secures a better offer from Britain's biggest retailer.

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

Dutch bank NIBC doubles profit in run-up to possible IPO

AMSTERDAM, Feb 8 (Reuters) - Dutch bank NIBC said on Thursday its net profit had more than doubled last year and it was making good progress with its latest preparations for a possible stock market listing.

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