ECM switches to recovery mode in new spring offensive

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By Aidan Gregory, Sam Kerr
18 Feb 2021

If companies rushing to raise equity capital defined last year’s spring, what about this year’s March and April? Well, they could prove to be just as busy — for different, and more positive reasons. This year, companies are looking to raise capital from buoyant investors as they take advantage of the effect of Covid-19 vaccines and the reopening of economies. Aidan Gregory and Sam Kerr report.

On Monday, a consortium of shareholders, led by Joe Lewis, the owner of Tottenham Hotspur FC, stepped in to underwrite a £350m rights issue for underperforming pub chain, Mitchells & Butlers — and there are plenty of other firms that are expected to hit equity markets in the ...

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