UK

The Bank of England published details of its 2017 stress tests on Monday, unveiling a new ‘exploratory’ scenario that will help regulators consider how the UK banking system might evolve to confront long-term headwinds.

Shares in Cobham, the troubled UK aerospace and marine technology company, fell 1.9% on Monday after it revealed that it was being investigated by the Financial Conduct Authority for its handling of inside information before its trading update in April 2016, when it announced its last rights issue.

The UK will run one syndicated bond issue in the first quarter of its 2017-18 financial year, as the country prepared for a week heavy with political events.

UK luxury sports car maker Aston Martin will hit the road for a senior secured deal in sterling and dollars on Friday to repay bonds coming due next year.

Barry Meyers, head of UK equity capital markets at Barclays for the past two years, will rejoin JP Morgan in June after three months' gardening leave.

A managing director in FIG debt capital markets is no longer in his role at Bank of America Merrill Lynch.

UK corporate issuers that rely on discretionary spending for revenue saw their bond spreads widen this week, after inflation in the UK soared past Bank of England targets.

Buying Panmure Gordon may not be the Bob Diamond comeback that everyone was clamouring for, but it could mark the first step in the formation of a non-bank financial player in the mould of Cantor Fitzgerald, writes David Rothnie.

UK corporate issuers that rely on discretionary spending for revenue saw their bond spreads widen on Tuesday, after inflation in the UK soared past Bank of England targets.

The European Investment Bank on Tuesday became the sixth European public sector borrower to hit screens in sterling since March 13, tapping a January 2020 line for £250m. But UK inflation figures could put an end to the currency's run in the sun. Meanwhile, investors and banks discussed what form the next UK Gilt syndication should take.

Euronext today agreed to a strategic partnership with Morningstar which will bring new indices and derivatives contracts to the pan-European exchange within two weeks.

John Laing Infrastructure Fund, the FTSE 250-listed closed end investment fund, is raising £122m through a capital increase led by JP Morgan to reduce its debt after investing in over 60 projects since its creation in 2010.