UK

WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.

Sky, the UK satellite and cable broadcasting group, brought a 10 year euro benchmark bond on Monday, pushing out for a longer maturity after a week when many issuers stayed with intermediate tenors.

Vodafone has attracted a €2.5bn order book for a €750m five year bond, its first since negotiations over an asset swap with Liberty Global fell through.

Two issuers made opportunistic moves in sterling on Tuesday with one offering investors a rare 2020 and the other a tap.

Dean Tyler, previously a managing director at Sberbank, has taken on more responsibility at Haitong Securities this month.

Perform Group, the UK digital sports media firm, sold £175m of secured notes on Wednesday, after cutting down the offering from £200m as investors proved cautious.

The UK plans to change its rules on bonuses, allowances, and banker pay to reflect the European Banking Authority’s hostility to “allowances” — seen as a tool to circumvent restrictions on the ratio of fixed pay to bonuses.

Interdealer broker Tullett Prebon has deepened its commitment to telephone trading by agreeing to buy the global hybrid voice broking and information business of ICAP.

Abide Financial, a UK based transaction reporting specialist, has applied to become a derivatives trade repository under European Market Infrastructure Regulation (EMIR) definitions.

Santander has completed an overhaul of its London loans team, with four new hires that it hopes will lead the bank to the forefront of Europe’s corporate finance business. The Spanish bank wants a bigger role in high level acquisition finance in western Europe and is also investing in CIB divisions in Asia, eastern Europe and the US.

The European Union looks to have hit a big setback with its drive to overhaul financial market rules, after accepting that it will have to delay rolling out its MiFID II legislation framework – and possibly by as much a year.

WPP, the UK advertising firm, attracted more than €3bn of orders for its four year benchmark bond on Tuesday as investors showed they were willing to turn on the taps for the right deal.