UK

Diurnal Group, a UK company developing drugs to treat rare chronic hormonal imbalances, completed its Aim IPO for £25m on Monday, gaining a £75m market cap.

Capital Group has hired Julie Dickson from Ashmore Group as an investment specialist, based in London.

The London Stock Exchange (LSE) is working with Chinese authorities on the possibility of London-listed RMB-denominated shares, most likely in the form of global depositary receipts (GDRs), Jon Edwards, head of primary markets, Greater China, LSE, told GlobalRMB.

Bank market makers in credit index options got hammered twice in the past week, as a spike in spreads caught them long volatility after an unprecedented month-long market lull.

Market participants expect a large step up in senior holdco issuance early next year, putting further pressure on spreads and pushing some issuers further afield for funding.

Morgan Stanley has rehired Olga Basirov on to its senior relationship management team after she spent several years on the buyside.

UBS has poached a M&A veteran from JP Morgan.

Industry participants lobbying the Financial Conduct Authority on its plans for implementing the Markets in Financial Instruments Directive II (MiFID II) in the UK are planning on focusing their efforts on the areas of MiFID where the regulator has national discretion.

Grosvenor Fund Management has completed the refinancing of Grosvenor Liverpool Fund, owner of the 2.4m square feet Liverpool One shopping centre.

Royal Bank of Scotland is moving forward with its plans to divest its Williams & Glyn branch network, but it is as yet unclear whether the sale will be done as an IPO or a straight sale.

A director has left Crédit Agricole in the latest of a string of departures from the French bank’s hybrid capital and liability management team.

RPC Group, the London-listed plastic products maker, is raising £232.6m in a rights issue to back its acquisition of GCS Group, the manufacturer of lids and dispensers.