UK

SAP on Monday opened the month with the largest euro corporate bond ever sold in December. Tuesday then saw no new issuance, but bankers have not yet turned their attention to buying Christmas presents as a number of deals remain possible.

A FIG and corporate DCM banker who worked at HSBC until August has started a new job at Fitch Ratings managing the firm’s client relationships.

The UK’s GlaxoSmithKline has agreed to buy US oncology company Tesaro for $5.1bn, as 'long overdue' consolidation in the pharmaceutical sector continues apace.

The UK Debt Management Office has chosen the tenor for the final syndication of its 2018-2019 financial year.

LCH, London Stock Exchange Group’s majority-owned clearing house, cleared over one quadrillion dollars of over-the-counter interest rate derivatives in 2018.

Chinese brokerage Huatai Securities has won approval from the Mainland regulator to list Global Depository Receipts (GDRs) in London through the connect scheme with Shanghai.

The Bank of England's Financial Policy Committee on Thursday said that recent assurances from the European Commission on derivatives clearing were not enough to alleviate hard-Brexit disruption.

Dartington Hall Trust, a charity in the UK, is keeping its bond offer open until March next year, amid a slack retail market.

The deal agreed by Theresa May, prime minister, for the UK's exit from the European Union has brought issuance of sterling bonds, equity and loans to a juddering halt, which could extend into 2019. Nigel Owen reports.

Shareholders have waved through The Restaurant Group’s (TRG) £559m debt and equity-funded purchase of UK Asian-themed restaurant Wagamama, despite a large portion of those voting opposing the deal.

Shares and bonds of UK holidays operator Thomas Cook took a beating this week, after it reported low earnings and high net debt, which it blamed on weak local demand and currency effects. But investors saw the company as a victim of poor management, rather than domestic Brexit turbulence.

The public sector market for sterling benchmark issues has shut down earlier than usual as a result of a plunge in Gilt yields — caused by concerns surrounding the UK’s exit from the European Union — which has made new issues unattractive for investors.