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