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Monday, 23 October 2017

Graham Fahy' s stories

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  • Ardagh

    Ardagh up 18% on small float

    Ticker | 15 March 2017

    Shares in Irish packaging company Ardagh were up by more than 18% in early New York trading after the company priced its IPO in the upper end of its pricing range.

  • Spanish construction

    Neinor to test appetite for new homes

    Top News | 10 March 2017

    The listing of a Spanish homebuilder would be a remarkable achievement in a country where there are still over half a million unsold houses. Yet extensive marketing to investors in advance of launch means bankers are confident that the IPO of Neinor Homes will be successful.

  • Jean Pierre Mustier

    UniCredit's near perfect rights result

    Top News | 24 February 2017

    UniCredit has achieved overwhelming market support for its €13bn capital raise – the biggest from a bank since the depths of the crisis – with 99.8% of rights being taken up during the subscription period, an impressive result for the struggling Italian bank.

  • Blistering pace for Lloyds sell-down

    Equities | 03 February 2017

    The UK government has taken just 15 trading days to reduce its holding in Lloyds Banking Group by another 1%, setting a pace that, if maintained, would see the stake sold entirely by the summer through its highly effective dribble-out programme.

  • Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street

    Lloyds dribble-out shows the way

    Top News | 13 January 2017

    The UK government’s bold use of a dribble-out programme to steadily dispose of unwanted shares in Lloyds Banking Group has raised billions of pounds apparently without adversely impacting the bank’s share price, raising the question of why the strategy is not used more often f

  • A man looks at a UniCredit logo

    UniCredit woos substitute investors

    Top News | 13 January 2017

    UniCredit is courting new investors to support its €13bn rights issue amid concerns that not all of its current shareholders will be willing – or able – to take up their rights in a transaction that is vital to turning around Italy’s biggest bank.

  • UniCredit bank headquaters

    UniCredit fees an oasis in an ECM desert

    Top News | 06 January 2017

    The 19 underwriters of UniCredit’s €13bn rights issue should make the most of their fat fees as there will be few other pay days in Italy in the coming months, with a series of Italian banking recapitalisations likely to be orchestrated by the state behind closed doors – as in the case of Banca M

  • FCA proposals dampen appetite for FxPro

    Equities | 06 January 2017

    London-based currency trading broker FxPro has cancelled plans for a public listing as regulators prepare to impose stricter rules on firms offering contract-for-difference products to retail customers.

  • EMEA Equity Issue: Dong Energy's DKr19.7bn IPO

    All Special Reports | 16 December 2016

    Transformation stories are a tough sell in ECM, with outcomes hinging on the ability of the issuer to convince and inspire. But Dong Energy, together with its banks, adeptly navigated a minefield of investor anxieties that ranged from the future of green subsidies to concerns about a massive expansion plan ahead to ensure a successful Copenhagen listing.

  • Monte dei Paschi bank headquaters

    Monte dei Paschi faces bailout

    Top News | 09 December 2016

    Banca Monte dei Paschi di Siena may have little option but to ask for a government bailout after the European Central Bank rejected a plea to extend the deadline on its €5bn recapitalisation efforts by three weeks.