UK firms wrestle with equity raising knots in their darkest hour

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UK firms wrestle with equity raising knots in their darkest hour

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An empty Piccadilly Circus on a quiet night in London, as a further 14 patients who tested positive for the coronavirus have died bringing the death toll in the UK to 35. | Hollie Adams/PA

UK companies damaged by the coronavirus lockdown are rushing to the equity market to raise capital, hoping to survive the worst economic disruption most of them have ever faced. Banks are having to stretch deal structures to get the crucial financings done, but this will not work in all cases.

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