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  • English football’s highest level is at a clinch point as teams juggle a plunge in revenue, due to the suspension of the Premier League season, and the hefty overheads of player wages they must continue to pay. With clubs in need of cash, viable options are proving few and far between. Silas Brown, Sam Kerr and Mariam Meskin investigate.
  • Punjab & Sind Bank has won approval from its board of directors to raise up to Rp15bn ($195.2m) from an issue of fresh equity, according to a stock exchange filing.
  • French president Emmanuel Macron may have extended the country’s Covid-19 lockdown until May 11 but equity bankers took hope from his address to the country this week.
  • Yageo Corp, a Taiwan-based electronic components manufacturer, has raised $650m from an issue of global depositary shares (GDS), boosting the final offer size on strong institutional investor demand.
  • Bronte Capital’s funds posted bumper gains in March. The hedge fund founded by the famous Australian short seller John Hempton benefitted from puts and shorts purchased before other investors panicked about the spread of coronavirus.
  • Supermarket Income Reit, the UK real estate investment trust focused on supermarkets, has unveiled a £75m fundraising to finance new investment opportunities that may arise from the Covid-19 crisis, which had caused UK grocers to be inundated with demand.