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  • Royal Bank of Scotland has abandoned plans to float Williams & Glyn, the subsidiary it must sell by the end of 2017, after it announced a worse-than-expected loss of £2bn in the first half of 2016.
  • Ethos Capital, a permanent capital vehicle belonging to Ethos Private Equity, one of the largest private equity companies in sub-Saharan Africa, had a bumpy ride on its first day of trading on the Johannesburg stock exchange.
  • Everbright Securities has signed up eight cornerstone investors for the bulk of its HK$9.02bn ($1.16bn) IPO in Hong Kong, with high profile names such as China Life and Prudential in the fray, said sources.
  • Indian construction company Dilip Buildcon has raised a potential Rp6.6bn ($98.6m) from its IPO after a robust turnout from investors, with some portions nearly 80x subscribed.
  • Hong Kong-listed United Energy Group is planning a rights issue of at least 13.08bn shares to raise a potential HK$2.6bn ($335.2m), according to a filing.
  • The Singapore Exchange is going ahead with its plan to acquire London-based Baltic Exchange for £77.6m ($101.7m), half a year after submitting a non-binding bid for the shipping bourse.
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