UK

Chris Jones, head of local currency syndicate at HSBC, has been put at risk of redundancy by the bank.

Prudential's deal was nearly 18 times subscribed on Thursday for an attractively priced tier two, which had an unusual 30 year non-call five maturity structure.

The EMEA IPO market has performed solidly in the first half of 2019, with high growth propositions in particular outperforming. Nevertheless, with disparate year-to-date returns between offerings and geopolitical tensions likely to surface in the autumn, sellers will act with heightened caution when the market reopens in September, writes Sam Kerr.

After disappointing trading in Airtel Africa, Traton and Global Fashion, there is hope that ReAssure, the UK life insurer, will fare better when it prices its £793m IPO on the London Stock Exchange on July 11.

Energean Oil and Gas, the Greek exploration company listed on the London Stock Exchange, won strong investor support on Thursday morning for a transaction backing a new M&A deal.

UK train leasing firm Porterbrook has sent out requests for proposals to US private placement agents, for a prospective return to the market.

Société Générale has begun its planned round of redundancies and the first name GlobalCapital has associated with the cuts has been with the bank for over a decade.

Shares in Synthomer, the UK producer of aqueous polymers, closed 1.3% higher on Wednesday after the company announced a £204m rights issue to finance its expansion in the US.

Ade Ademakinwa will rejoin Deutsche Bank as head of its European financial institutions syndicate desk, just as a senior and longstanding member of that team departs.

The EU’s decision not to extend equivalence to Swiss exchanges and Switzerland’s subsequent retaliation is a perfect example of why the measure is an insufficient framework for future EU-UK financial services relations after Brexit.

Lloyds Bank Corporate Markets, the non-ringfenced arm of Lloyds Banking Group, has made its capital markets debut. The UK bank went private to place short-end paper in both fixed and floating rate formats, ahead of a debut in the public market later this week.

The City of London Corporation, via its endowment fund The City’s Cash, has held its first roadshow for its inaugural US private placement notes. The funds will be partly used to finance the consolidation of the Billingsgate, Smithfield and Spitalfields wholesale food markets at a new site in Dagenham, Essex.