• SA firm Sabvest gets liquidity boost after share sale

  

  Sabvest, the South African investment holding company, has substantially boosted its liquidity after two investment vehicles sold out of the stock.

  • 03:15 PM

• Ringfences at the ready as UK banks reassure on reforms

  

  The large British banks have just completed one of the most complex structural reforms they’ve ever undertaken, severing their UK retail businesses from their wholesale operations to meet ringfence regulations. The sheer disruption of the changes has led competitors to scent blood, while the UK banks have been anxious to reassure their clients that nothing will change.

  • 16 Aug 2018

• Privatisation doubts send Tesla CBs down

  

  Elon Musk’s shock announcement on Twitter last week that he had secured funding to take Tesla private at $420 a share rocked US financial markets and send its shares and bonds rallying. Yet one week on questions are being asked about Musk’s “funding secured” claim most notably from the SEC.

  • 16 Aug 2018

• Disappointing year for French IPOs as volume falls 75%

  

  Bankers working within France’s equity capital markets are resigned to the fact that 2018 is going to be a very poor vintage for French IPOs, with volumes down significantly versus last year, a string of failed deals and supply unlikely to pick up in the second half.

  • 16 Aug 2018

• Brexit taking its toll as fund managers pull away from UK

  

  Global investor confidence in UK equities has tumbled so far in August, according to the latest fund manager survey from Bank of America Merrill Lynch, marking the largest monthly drop in sentiment towards the UK since the Brexit referendum.

  • 15 Aug 2018

• Senvion places €62.5m of new equity after first half earnings

  

  Senvion, the German maker of wind turbines, has raised €62.5m of fresh capital to fund its expansion in new markets such as India, where the Indian government has announced plans to build 30,000 mega watts of offshore wind capacity by 2030.

  • 15 Aug 2018

• Turkey exposes European stocks but contagion unlikely

  

  The market chaos caused by investor panic over Turkey hit the shares of European companies this week, but the risk of a systemic crisis is low, said analysts.

  • 14 Aug 2018

• Erdogan’s Turkey a warning for Brexit Britain

  

  Markets don’t like governments engaging in unnecessary economic self-harm, and after numerous warnings and cautions on its unsustainable economic policies, investors are now abandoning Turkey —Brexit Britain should beware.

  • 14 Aug 2018

• Drayson's Sensyne Health trades up 8.6% after IPO on AIM

  

  Sensyne Health, the UK healthcare artificial intelligence company, has traded up nicely after the company priced its IPO on London’s alternative investment market (AIM).

  • 02:00 PM

• Markets lose faith in Turkey amid crisis

  

  Equity and debt markets are preparing for a full blown crisis in Turkey and even though its currency pulled back from its early-week lows, investors are worrying about debt defaults.

  • 13 Aug 2018

• Top government advisor predicts financial market 'attack' on Italy

  

  Giancarlo Giorgetti, undersecretary to the Italian prime minister, has said that he expects the country to suffer an “attack” in the financial markets by the end of the month.

  • 13 Aug 2018

• Tesla investors caught up in buy-out maelstrom

  

  Elon Musk’s sensational claim to have funding in place to take Tesla private stunned the US capital markets this week, but the lack of substantive detail to the plan has largely reversed an initial rally in the firm’s equity and debt instruments, as well as reportedly drawing the attention of the Securities Exchange Commission. Aidan Gregory and David Bell report.

  • 09 Aug 2018

• Glenveagh Properties finalises €213m placing

  

  Glenveagh Properties, the Irish housing developer owned by Oaktree Capital, has concluded the final leg of its €213m placing, conditional placing and open offer, which it originally announced in July to finance the acquisition of more land in Ireland.

  • 10 Aug 2018

• Elon Musk and the Trumpification of investor relations

  

  Elon Musk likes causing a stir on Twitter. Last year he announced his plans to avoid traffic in Los Angeles by digging large tunnels between his home and his office on the site. But the CEO might have dug an ever deeper hole for himself this week by tweeting that he was seeking to privatise Tesla at $420 a share with funding secured.

  • 09 Aug 2018

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Recent highlights

• African dual listing plans set to give boost to London ECM

  Several large African companies are seriously exploring going public, with many likely to dual list domestically and in London, a boon for the city as Brexit clouds hover.

  • 09 Aug 2018

• Sibur IPO talk premature, says CFO

  Russian petrochemicals company Sibur is not close to making a decision on whether to go public, despite media reports in the last fortnight to the contrary, its CFO told GlobalCapital.

  • 09 Aug 2018

• Rainbow Rare Earths completes capital increase to fund new African mining ventures

  Rainbow Rare Earths Ltd, the rare earth element mining company, has priced a £1.6m capital increase to finance a new mining development in Murambi, a remote town in Northern Rwanda.

  • 08 Aug 2018

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Deals in the pipeline

• Sibur IPO talk premature, says CFO
• Swiss Re mulls spinoff of UK closed-book life division
• Bob Diamond buys Kepler stake, IPO possible later
• EN+ sale coming as Deripaska steps back for sanctions relief
• Vodafone to try equity-neutral mando magic again
• Reit market is choppy, but don't dismiss social housing
• Sausage sliced: sanctions stall Cherkizovo IPO
• Whitbread plans to list Costa Coffee in the next two years
• Metro plans bond but analysts focus on equity needs
• IPO window reopens to test investor sentiment with EM flavours
• Africa back in the spotlight for equity buyers
• Market loses second jumbo Swiss IPO as HNA postpones Swissport
• Three Turkish retail IPOs hit pipeline
• CEVA reopens Europe’s IPO market with Sfr1.3bn flotation
• Belfius postpones IPO until autumn amid fears of row with government
• Gategroup pulls IPO on valuation pressure, Godewind resizes
• Europe’s rights issue market heats up with Valora, REN, Astaldi
• Axel Springer, United Internet to float merged marketing unit
• Five set for Saudi Aramco roles, Moelis must share
• BRF mulls London IPO for halal poultry business
• Petro Rabigh rights issue mandate raises Saudi ECM hopes
• Volvo Cars bags Skr5bn ahead of possible stockmarket return
• Putin, ministers speak on Russian privatisation
• VTB first on the block as Russia embarks on mass state sell-off
• Mærsk shares soar 12% on hopes of break-up
• Ivory Coast change holds up Eranove IPO
• Romania ready to reboot stalled privatisation with Hidroelectrica
• Budapest Bank can float, but no move on IPO yet
• An Aramco IPO could spark a foreign investment surge
• Aramco IPO: ECM world must hope the Saudis move swiftly

Completed deals

• Fever-Tree founders sell £103m of stock at highest price yet
• Victoria raises £60m to fund Saloni takeover
• Long-only investors boost block trades this week
• Investors lap up €90m Petroleum Geo-Services block
• African dual listing plans set to give boost to London ECM
• Imperial sells part of Logista stake to cut debt
• Metro Bank’s £303m block covered before launch
• Greencoat Renewables raises €111m for Irish wind investing
• DS Smith wraps up deal as ECM preps for big September
• Spanish solar firm sells €97m block to fund projects
• UK retailer The Works prices £65m flotation
• Idorsia raises Sfr505m through share sale and CB to fund R&D
• Greencoat Renewables returns to ECM with €250m share issuance programme
• Shandong Ruyi offloads chunk of SMCP
• Tritax scores second hit with new fund focused on Europe
• Niche UK lender Amigo grows by around £85.6m in two days
• Consus Real Estate sets price on €287m equity raising
• SA banks to sell R3.8bn of Shoprite stock
• Unipol ups BPER Banca stake in rare reverse block trade
• Soitec returns to equity-linked after share price run-up
• Bayer achieves 98.3% take-up for rights issue
• Finland’s flop leaves Neste taste in mouth of Credit Suisse
• Arion Banki to price at top of revised range
• ECM investors buoyant as Adyen rises by over 91% on debut day
• First Basic Fit block ends multiple times covered as investors buy into growth story