Europe
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Struggling UK retailer is in talks to increase capital by 20%
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Grid operator returns to market for first time since announcing 10 year investment plan
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Progress seen in both markets but it remains gradual
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Market participants expect derisking deals to get harder as Lottomatica prepares to reopen the market
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Concerns heightened that investors will struggle to swallow up to €30bn a year of subordinated debt
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Subordinated corporate debt investors are stuck in a quantitative easing mindset
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Volatility has receded, encouraging Lottomatica to launch the first large IPO in Europe in months
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The Italian gambling company plans to reopen Europe’s IPO market with a €600m flotation
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Gas distribution company brings first IG corporate deal since Easter break
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Company spokesperson can’t rule out possibility of deferring payment after firm dallied with postponing last payment
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The deal could raise €600m in total, sources say
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Another day of empty screens has put the power in corporate issuers’ hands