UK

Clydesdale and Yorkshire Bank Group rose when it began trading after its IPO on Wednesday, having completed its separation from National Australia Bank with a £396m flotation.

As Clydesdale and Yorkshire Bank Group completes its long-awaited demerger from National Australia Bank and floats on the London Stock Exchange, the firm's CFO Ian Smith sits down with Olivier Holmey to discuss CYBG's "challenger" status, its long road back to independence, and its future.

Goldman Sachs has named a new head of its EMEA financing group, which houses primary capital markets, as Jim Esposito switches roles to become chief strategy officer of the securities division.

Numis Securities is pulling out of market making in UK retail bonds and its head of fixed income is leaving the firm, after a period when new issuance of bonds on the London Stock Exchange's Orderbook for Retail Bonds has dwindled.

CMC Markets, the financial spread betting firm, narrowed the price range of its London IPO on Wednesday, ahead of the book’s closing the next day.

Law firm Fried Frank has hired an experienced specialist to set up a European restructuring practice.

From bonus caps to pre-trade transparency, the Bank of England has suggested big changes to proposed European Union financial regulation in response to a call for evidence from the European Commission.

Clydesdale and Yorkshire Bank Group’s decision on Tuesday to delay its London IPO by 24 hours surprised and frustrated those working on the deal. The cause of the timetable change was a last minute request for information from Moody’s.

As the euro investment grade corporate bond market approached nearly three weeks without a new issue, EasyJet broke the silence on Tuesday with its long-awaited debut bond.

LCH.Clearnet, the clearing business majority owned by the London Stock Exchange Group, has been granted clearing house status by the Monetary Authority of Singapore.

Clydesdale and Yorkshire Bank Group decided on Tuesday morning to delay its London IPO by a day, to make an unexpected, last minute addition to its prospectus. As a person close to the bank put it: “Someone somewhere is going to be sitting on the naughty step.”

Countryside Properties, the UK house and flat developer, could float between 30% and 50% of its stock in London, in an IPO that would give it a valuation of £1.125bn at mid-range.