UK

UK deep-sea container port London Gateway has sold a £580m private placement and is increasing the deal to £650m.

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Concerns of rising central clearing costs are pushing derivative market participants to step up compression initiatives and shrink trade volumes to a post-2007 low, according to an industry report.

Lloyds Bank has given its interim head of loan markets the permanent job but will not fill his former role.

As the $100bn-plus IPO of Saudi Aramco nears its launch, the UK’s Telegraph has most recently hinted at a three-way foreign listing, conducted across London, New York and Hong Kong. Columnist Philippe Espinasse looks at the practicalities and advantages (as well as disadvantages) for the oil behemoth of listing in Asia.

The London Stock Exchange is set to begin offering weekly options that will be based on the FTSE 100 stock index, in what it said is a first-of-its-kind launch in the UK listed derivatives market.

Barclays made a convincing start to its plan of reducing its stake in Barclays Africa on Wednesday night, with a successful block trade that netted $4bn of demand from what bankers on it said was a very high quality group of institutions.

Barclays and BNP Paribas became the first European banks to tap the Yankee market for subordinated paper for almost a month this week.

Centrica, the UK energy supply, trading and production company, raised £700m of new capital on Thursday to support its credit ratings with an intraday placement, but that was less than the £750m it set out to raise, and its share price fell 9.8%.

J.C. Rathbone Associates has acquired Canaccord Genuity's social housing and bond advisory business, which will be headed by Adrian Bell and Henrietta Podd, leaders of the Canadian's firm's UK debt business.

Abbey National may shortly return to the public senior market, after launching three cash tender offers in a bid to shift debt away from its operating company.

China’s Ministry of Finance (MoF) is set to issue its debut offshore renminbi (CNH) government bond in London as early as this month, with one Chinese bank and one foreign bank mandated on the deal.