UK

The Bank of England moved closer to imposing a counter-cyclical capital buffer on UK banks last month, and will review its decision again before the end of the year.

The LSE announced on Tuesday that it had appointed Nikhil Rathi as its new chief executive officer.

Stonegate Pub Co, the fourth largest in the UK’s managed pub sector, offered on Thursday an £80m tap of its debut fixed rate note, to fund the partial purchase of peer firm Tattershall Castle Group.

Royal Bank of Scotland has promoted two bankers to replace the head of its German business who is leaving.

The Royal Bank of Scotland has confirmed Gordon Taylor in position as head of debt capital markets, following the restructure of its primary business announced last week.

Glencore's investors are jittery, and rightly so. But a single note, with a hypothetical scenario in but no new news, should not wipe £4bn off the market cap.

British operator of cloud services Interoute Communications’ €590m secured notes braved a rough primary high yield market on September 25 and recovered this week from an initial hit in the secondary.

Homerton College, Cambridge, added its name to the list of UK educational institutions to have taken advantage of cheap borrowing conditions in 2015, and the list is set to lengthen, according to a private placement banker.

On Thursday, September 24, GlobalCapital held its 2015 Global Derivatives Dinner at Banking Hall in London and revealed the winners of its Global Derivatives Awards 2015.

National Grid pulled off the rare trick on Thursday of issuing a convertible bond without any risk of diluting its shareholders, writes Jon Hay. The feat relies on an arbitrage that is only occasionally available, and has been accomplished just twice before in Europe in the last decade, bankers said.

Park Resorts, the UK’s largest holiday park operator, will syndicate a £550m term loan 'B' after bank meetings in London this week.

The European high yield market appeared to have woken up this week with three roadshows and €900m on offer — but only one borrower has printed, and investors have now little hope of an unequivocal improvement any time soon.