sections

Saturday, 16 December 2017

Graham Fahy' s stories

Sort by: Newest firstOldest firstA-ZZ-A

  • Scandinavian Tobacco Group logo

    Europe trumps US in IPO test

    Top News | 12 February 2016

    European equity issuers passed their biggest test of the year, overcoming market volatility to price four floats in what was the busiest week of IPOs so far this year and outpacing the US, where both major deals were cancelled.

  • cigar smokes

    Bankers break out the Cohibas

    Equities | 12 February 2016

    Scandinavian Tobacco Group made its trading debut last Wednesday, having survived the market turmoil to become the largest tobacco IPO since Caroline Group came to the market in 2002.

  • Saipem logo

    Underwriters stuck with Saipem

    Equities | 12 February 2016

    Underwriters are blaming arbitrage traders for a surge of selling in Saipem that pushed the share price below the subscription level on its €3.5bn rights issue, sticking them with almost €427m of unwanted shares.

  • Lloyds Banking Group head office

    Forget it Sid, Lloyds sale is off

    Top News | 29 January 2016

    A promise by the UK government to give retail investors an opportunity to buy shares in Lloyds Banking Group has jammed it firmly between a rock and a hard place.

  • Saipem logo

    Saipem an early test of nerves

    Equities | 22 January 2016

    Goldman Sachs and JP Morgan could be about to find out if this is the year the market punishes the go-to guys as they take on the lion’s share of underwriting for Saipem’s massive €3.5bn rights issue.

  • Consob office

    REITs hold fast

    Equities | 15 January 2016

    Consob did its bit to jump-start Europe’s equity capital markets last week, announcing the launch of two Italian real estate listings. Unfortunately, neither company was so keen to brave the market and both decided to hold fast rather than launch on the originally scheduled date. They now have a small window before financial statements go stale.

  • A woman walks past a Clydesdale Bank in Glasgow

    Clydesdale CEO faces stern test

    Equities | 15 January 2016

    The recently appointed CEO of Clydesdale and Yorkshire Bank Group, David Duffy, takes to the road on Monday to convince nervy investors that his bank is worth a punt despite the current market upheaval.

  • NN Group logo

    Narrow window for state sale of ASR

    Equities | 08 January 2016

    The Dutch state body NLFI has said it will have to navigate sell-downs in NN Group as well as the recently-listed ABN AMRO when scheduling an IPO of insurance group ASR.

  • Eurofins

    Eurofins punished for failed deal

    Equities | 11 December 2015

    Eurofins Scientific’s insistence that a failed attempt to raise capital will not impede its push to double turnover over the next five years did not protect its share price when trading resumed on Friday.

  • A Delta Lloyd sign is seen on a building

    Delta Lloyd crushed by unconvinced investors

    Top News | 04 December 2015

    Delta Lloyd may have thought that boosting its capital by more than two-thirds of its current equity value would ease investor concerns about its solvency. But a wave of selling that continued even after the company announced a €1bn rights issue designed to do just that has taken the Dutch insurer’s share pric