Investors are piling into bets against the British pound, traders say, amid widespread pessimism over the outcome of the UK government’s budget later this month.

Having attended hundreds of investor days over the years, I am used to listening to management teams talk about how unique their franchise is, how they have won market share, that this is all sustainable and there are big opportunities out there.

Citigroup is moving Michael Lavelle and Ken Robins, two of its most senior capital markets bankers, to New York from London as it attempts to increase business in its home US market.

Morgan Stanley is ramping up its research coverage of private companies to try to get an edge over competitors and meet investor demand on how the hundreds of unicorns in the US, China and elsewhere are shaking up technology, finance and other industries.

Gilt market volatility returned with a vengeance on Friday following briefings of a potential UK government U-turn on plans to raise income tax rates.

Resolution Life inaugurated a new capital product on Wednesday with a rapturously received Ancillary Tier 1 bond.

Investment-grade corporates have set a new supply record for a November in the euro market, smashing past the previous benchmark with still half the month to go.

Bpifrance printed its first European defence bond on Wednesday, a tightly priced €1bn five-year that was almost four times subscribed, exceeding leads' expectations for a good turnout. 

The European ABS market is showing signs of fatigue as investors take longer to digest the latest dealflow heading into year-end, though overall appetite for paper remains decent.

More RMBS supply hit the market over the past week across a range of collateral types but there are signs investors are starting to struggle to digest the sustained onslaught.

Blackstone's QTS was preparing to sell a US$3.46bn commercial mortgage bond backed by revenues from its data centres, which would be the largest deal of its kind in the CMBS market.

US hamburger chain Wendy's is showing investors a US$400m seven-year whole business securitisation to repay two maturing debt issues.

The government of Jamaica will receive a full payout of US$150m under a catastrophe bond issued by the World Bank's International Bank for Reconstruction and Development.

Digital bonds could play a greater role in financing verified impact and help to close the US$6trn per year annual climate and nature finance gap, according to the Green Digital Finance Alliance. 

Aegon Asset Management’s Global Sustainable Sovereign Bond Fund has passed €500m in assets under management, while the United Nations Sustainable Development Goals-aligned strategy that the fund applies has now accumulated €2bn overall.

Georgina Baker has been appointed as chair of the board of directors of the International Finance Facility for Immunisation and will take over from Ken Lay on January 1. 

An €839m sole bookrunner role on an accelerated bookbuild in Portuguese utility EDP has extended Goldman Sachs' dominance at the top of EMEA ECM league tables to a level not seen since 2009.

The debuts of online brokerage Groww and payments company Pine Labs were a welcome change for listings in India following lacklustre subscriptions in recent deals.

Grayscale Investments filed publicly on Thursday for its highly anticipated NYSE IPO as the crypto asset manager looks to cash out insiders. 

Adani Enterprises is putting faith in its shareholders to raise Rs250bn (US$2.82bn) of equity through a rights issue.

French medical diagnostic company Sebia has launched a €1.9bn-equivalent dual-currency term loan B to back its buyout by a consortium led by Warburg Pincus, with pricing that aims to distinguish the firm from weak sentiment in the French laboratory sector.

Indian clean energy developer ReNew Energy Global is likely to raise more than US$4bn-equivalent through a mix of loans and bonds over the next two years to fund its pipeline of renewable energy projects as well as refinance debt falling due until mid-2028.

Portability provisions are muscling their way into a growing share of direct lending deals as private equity firms hunt for cleaner, quicker exits following a stretch of high rates and frozen valuations.

Restructuring lawyers and investors have put Merlin Entertainments on their watchlist, as the theme park operator struggles with a cash crunch and lower than expected Ebitda levels, sources said.