United Kingdom


UPDATE 7-BAT offers to buy U.S. tobacco firm Reynolds in $47 billion deal

* Deal brings together Newport, Lucky Strike, Pall Mall brands

Luceco priced for London listing

Oct 21 (IFR) - LED lighting products business Luceco debuted on the London Stock Exchange last Thursday, with its shares up almost 17% above pricing.

21 Oct 2016

Daisy pulls sterling junk bond as investors get tough

LONDON, Oct 21 (IFR) - Daisy called off an attempt to issue a sterling high-yield deal on Friday, in the latest sign of waning UK investor appetite for riskier debt in challenging sectors.

M&A, Private Capital 21 Oct 2016

UK faces big test with Gilt syndication

LONDON, Oct 21 (IFR) - Tensions will run high next week for the UK's first Gilt syndication since chaos in the currency market and concerns over a potential hard Brexit catapulted yields higher.

21 Oct 2016

BAT offers to buys U.S. tobacco firm Reynolds in $47 billion deal

LONDON, Oct 21 British American Tobacco has offered to buy U.S. tobacco company Reynolds American Inc in a $47 billion deal bringing together Newport, Kent and Pall Mall cigarettes to create the U.S. market leader.

M&A, Regulatory News 21 Oct 2016

Misys struggles to show it has changed its ways ahead of IPO

FRANKFURT, Oct 19 Four years since being taken private after two abortive mergers, British banking software firm Misys is struggling to convince investors it should be valued in line with rival Temenos as it readies to list shares in London.

M&A 19 Oct 2016

UPDATE 1-Glencore expands bond buyback as manages debt

* Miners will first tackle debt, then dividends (Adds shareholder comment, share price gain)

18 Oct 2016

Glencore expands bond buyback as manages debt

LONDON, Oct 18 Miner Glencore has increased the size of a bond buyback tender to $1.49 billion from $1.25 billion, it said on Tuesday, seeking to seize on favourable conditions to reduce its debt burden.

18 Oct 2016

Russia's Gazprom plans to hold eurobond road show in November - sources

MOSCOW, Oct 18 Russia's gas giant Gazprom plans to hold a eurobond road show on Nov. 7 with a view to placing up to 1 billion euro ($1.10 billion) worth of bonds, sources familiar with the situation told Reuters on Tuesday.

18 Oct 2016

Dutch firm Avantium pulls IPO on weak investor demand - sources

FRANKFURT, Oct 17 Dutch chemical technology firm Avantium has mothballed plans for an initial public offering (IPO) as jittery markets deterred potential investors, two people close to the matter said.

M&A 17 Oct 2016