UK

Tullett Prebon has obtained approval from the UK’s Financial Conduct Authority for its proposed acquisition of rival interdealer broker ICAP’s global hybrid voice broking and information businesses.

The Mutual Recognition of Funds (MRF) scheme continues to attract interest from mainland retail investors nearly a year after its launch. However, it is being stifled by poor distribution efforts, scarcity of eligible funds, as well as foreign fund manager uncertainty about what is the best route into China.

D2 Legal Technology, an independent financial services legal data and technology consulting firm, has appointed a chief operating officer.

The UK Debt Management Office is looking to hit the 40 year area of the curve with its next syndicated issue, which will be an inflation-linked Gilt.

Greencore Group, the Irish convenience food supplier, has announced plans for a £439m rights issue to partly finance its takeover of Peacock Foods, a US competitor, alongside its preliminary full year results on Monday.

The London RMB hub has been under threat from the Brexit vote, but China seems keen not to jump ship yet. The latest round of meetings have yielded a commitment to launching the long-promised London-Shanghai Stock Connect, the UK Treasury said on November 10.

The US Commodity Futures Trading Commission has requested more than $38m in monetary sanctions against UK based trader Navinder Singh Sarao over S&P futures 'spoofing' allegations.

Deutsche Bank and HSBC are co-ordinating the loans for British American Tobacco’s acquisition of a 57.8% stake in Reynolds American.

SG's deputy head of bond syndicate has left the bank.

Shares in Shanks, the UK waste disposal company, closed flat on Thursday after it announced the completion of its £96m rights issue, to partly finance its merger with Dutch recycling group Van Gansewinkel.

BNP Paribas is making some changes in its equity capital markets business, following the departure of Alain Dib in June.

Addressing the nation on television in November 1967, British prime minister Harold Wilson announced the devaluation of the pound and famously declared that "it does not mean that the pound here in Britain, in your pocket, has been devalued."