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Equity

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  • Investor confidence in European equities is fragile as the asset class suffered its worst week of outflows since July 2016, but bankers are still confident of buyers'commitment to new issues over the rest of the year.
  • Morgan Stanley has named Magnus Andersson as the co-head of ECM for Asia Pacific. His predecessor, Mille Cheng, has become vice chairman of Asia Pacific global capital markets.
  • FSN Capital, the Northern European private equity firm, sold its remaining 6.23% stake in Danish IT services firm Netcompany, after market close with no need to offer a discount to investors.
  • Investors should beware the surge in Brazilian equities that coincided with the election of its new president Jair Bolsonaro last year.
  • Société Générale has put six of its London-based equity capital markets bankers "at risk" as the French bank looks to streamline its business by consolidating it in Paris.
  • South Korean supermarket chain Homeplus Stores is nearing a $1.5bn real estate investment trust listing. The deal deserves attention in its own right. But it also serves as a stark reminder that Singapore, once the quintessential Reit listing venue in Asia, has fallen from grace.
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