UK
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Block issuance has been active this week, with three notable accelerated bookbuilds all sold well. Monday also brought the announcement of what could be the largest IPO in London this year.
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Two equity block trades came out in the European market on Tuesday evening, both of which achieved successful sales.
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Britain has made striking free trade deals one of its signature policies following the Brexit vote. Emerging markets will no doubt be keen to sign up but the reality is that such deals will take years to sign off -
Tullett Prebon is set to lose its European chief executive, who becomes the second senior departure in the past week from a planned Tullett-ICAP combined group as the two interdealer brokers look to merge by the end of this year.
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UK chancellor of the exchequer Philip Hammond abandoned on Monday his predecessor’s ambition to pay off the country's public debt by 2020 but renewed its commitment to fiscal consolidation. SSA bankers responded by predicting higher government borrowing.
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Gatwick Airport made a rare solo flight into the sterling bond market on Monday as the pound fell on resurgent Brexit fears, but UK investors were present to support the deal.
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A former managing director at New York Life Investment Management in London has left his job to go back to study at university.
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The Bank of England confirmed on Monday it would stress test UK banks for a broader range of potential threats in 2017, as it set out the timetable for the publication of this year’s results.
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ConvaTec, the UK medical supplies company, has announced plans for an IPO of at least $1.8bn (£1.4bn) on the London Stock Exchange this autumn in an intention-to-float document issued on Monday morning.
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UK waste management company Shanks has agreed a €600m facility for its €482m acquisition of Dutch competitor Van Gansewinkel Group.
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