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Thursday, 19 October 2017

Graham Fahy' s stories

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  • Glencore opts for fast-track placing

    Equities | 18 September 2015

    Glencore pushed ahead with an accelerated placing of new shares on Tuesday, raising £1.635bn as part of a US$10bn programme of fundraising and production cuts to reduce debt and safeguard its investment-grade credit rating. The placing removes the overhang that has weighed on the share price in the week

  • Worldpay snubs suitor for IPO

    Equities | 18 September 2015

    The private equity firms behind payment processing company Worldpay are charging ahead with a public offering, despite receiving a £6.6bn bid from French payment company Ingenico. Bain Capital and Advent considered a trade sale for weeks, but worries about how Ingenico would raise the cash caused the owners to stick with their

  • Glencore logo

    Investors force Glencore to change tack

    Top News | 11 September 2015

    Glencore’s billionaire management has begrudgingly given in to investor demands that the company boost its balance sheet in order to preserve its investment-grade credit rating.

  • UK: Challenger bank sponsors head for the door

    Equities | 11 September 2015

    Shares in Aldermore are trading more than 40% above the price of its March IPO, but that did not deter investors from topping up in Thursday’s selldown by AnaCap Financial and Tosca Asset Management. In fact, a handful of wall-crossed investors called dibs on most of the shares even before news of the placing hit the tape.

  • Virgin Money logo

    UK: Good results give opportunity to sell

    Equities | 21 August 2015

    Analysts believe the financial sponsors behind Aldermore and OneSavings Bank could make substantial share sales once the reportin

  • Just Retirement logo

    Annuity specialists pair up

    Equities | 14 August 2015

    After more than a year of trying to carve out new business from a landscape changed beyond recognition by Chancellor of the Exchequer George Osborne, Just Retirement and Partnership Assurance have fallen into each other’s arms in the hope tha

  • Osborne

    RBS shares sold at one-year low

    Top News | 07 August 2015

    The UK government muscled through a sale of shares in Royal Bank of Scotland last week, shrugging off concerns from investors and bankers that the summer vacation period might not be the best time to extract maximum value from its stake. In an accelerated transaction tha

  • Osborne

    In IFR this week: RBS shares sold at one-year low

    Capital City | 07 August 2015

    The UK government muscled through a sale of shares in Royal Bank of Scotland last week, shrugging off concerns from investors and bankers that the summer vacation period might not be the best time to extract maximum value from its stake. In an accelerated transaction tha

  • saga pensioner holiday vacation

    BAML leads Saga into the light

    Top News | 31 July 2015

    An unusually cautious approach to selldowns by the private equity owners of Saga has wiped away memories of the over-50s group’s poorly executed IPO. Last week’s sale, again driven by reverse enquiry, came just before a blackout on sales had been imposed and had started out with a modest target that was covered, allowing for

  • Martin Lewis

    Shareholder donates shares to charity

    Equities | 31 July 2015

    Martin Lewis, the personal finance journalist who founded Money Saving Expert, has donated 4.27m shares in Moneysupermarket to the Charities Aid Foundation. The shares were bundled with another 9m shares owned by Lewis and sold on Thursday in an accelerated bookbuild managed by Credit Suiss