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Management simplified as former DCM banker joins as co-CEO
Karim Malek from Kepler joins as an executive director
Largest of three IPOs in Turkey struggles to get covered, smaller ones multiple times oversubscribed
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Shares in Symrise, the German supplier of food flavouring and fragrances, rose as much as 2.1% on Friday morning after the company completed a €400m capital increase to finance its acquisition of International Dehydrated Foods in the US.
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Shares of Chalet Hotels, a high-end hotel group in India, initially soared 5% on their debut on the domestic stock exchange on Thursday, before paring some of the gains.
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Just six months after listing on the Nasdaq, Chinese start-up Pinduoduo is back in the equity market to raise around $1bn from a follow-on offering.
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JP Morgan has overhauled its European management team as it places its oldest franchise at the heart of a push to boost its UK M&A business.
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High yield bonds for auto parts manufacturer Adient slipped more than three points on Thursday as the company tweaked its loan covenants and produced disappointing numbers. The firm’s new management is taking aggressive action to turn the group around and says it needs the financial headroom to do so.
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European equity markets may have rallied since the start of the year but that is not translating into more equity block trades in the region. Low risk appetite among investors and reluctance among sellers to launch trades at wider discounts are to blame, writes Aidan Gregory.
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