UK
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Shares in Tullow Oil, the UK oil and gas drilling company, fell 16% on Friday morning after it announced plans for a £607m rights issue to strengthen its balance sheet after oil prices have rallied from their slump in 2015. -
A bold £2bn mandatorily exchangeable bond issue for Anil Agarwal, founder and chairman of Vedanta Resources, captured global headlines on Wednesday and Thursday as he used it to buy a stake of about 12% in Anglo American, the mining group.
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Shares in Playtech, the UK gaming software business, closed 1.1% lower on Wednesday after its founder Teddy Sagi sold 4.1% of the company to Boussard & Gavaudan Investment Management for £113m.
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The Scottish city of Aberdeen may be long past its 1980s heyday — when it was the hub of the burgeoning North Sea oil industry and its football team was one of the most feared in Europe — but it could soon find itself being a useful capital markets bellwether for the latest constitutional crisis to hit the UK.
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Legal & General (L&G) issued its first tier two bond in dollars on Tuesday enjoying “extremely strong execution”, suggesting there is scope for further supply.
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The Financial Stability Board on Monday issued a consultation document that sets out proposals for the governance arrangements of a unique code for OTC derivatives transactions.
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Shares in Segro, the UK property developer, closed 6% lower on Friday after it announced a £556m rights issue to finance its buyout of Aviva from a joint venture at London’s Heathrow Airport.
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Bain Capital has completed its second block sale of shares in Ibstock, the UK brick maker, since its £354m IPO on the London Stock Exchange in October 2015.
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International borrowers made good use of sterling this week, finding value in the market despite risks around the UK budget and the government's intention to trigger Article 50 later in the month.
