UK

S4 Capital, the digital advertising and marketing services company created by Martin Sorrell, the former CEO of WPP, has agreed the terms of its second acquisition and is partly financing the deal through a £74m placing and open offer on the London Stock Exchange.

Utility Thames Water has a signed a £1.4bn sustainability-linked revolving credit facility that its coordinators say is the first to be linked to an asset-specific Infrastructure GRESB rating.

The Council of the European Union has approved its final version of a controversial legislative proposal that seeks to overhaul the bloc’s oversight of clearing houses.

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.