ABBs/Block Trades

  • UK equities grapple with Covid-19 dividend cancellations

    UK equities grapple with Covid-19 dividend cancellations

    UK equity market participants are assessing the impact of a huge number of dividend cancellations or postponements. It is another layer of fundamental disruption to business as usual, brought about by the coronavirus pandemic, and one which could have wider repercussions.

  • UK firms wrestle with equity raising knots in their darkest hour

    UK firms wrestle with equity raising knots in their darkest hour

    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.

  • UK body gives thumbs up to pre-emption relaxation

    UK body gives thumbs up to pre-emption relaxation

    The Pre-Emption Group, an assembly of listed companiesm investors and intermediaries that monitors pre-emption rights in the UK, has changed its guidelines to say that the impacts of the Covid-19 coronavirus means investors should support companies selling new shares worth up to 20% of their market capitalisation without giving existing shareholders first refusal.

  • Li Ning block fetches $194m for Viva

    Li Ning block fetches $194m for Viva

    Viva China Holdings has bagged HK$1.51bn ($194.3m) after selling a block of shares in Chinese sportswear manufacturer Li Ning Co at the top of the marketed range.

  • Remote ECM bankers cannot switch off

    Remote ECM bankers cannot switch off

    Equity capital markets are adjusting to life in quarantine, with most bankers saying they are well set up to work remotely during Covid-19 lockdowns. Even syndicate bankers, natural sceptics to home working, are starting to have faith that business can be done at a distance.

ABBs/Block Trades Archive