IPOs

Tesco getting hammered after rating downgrades

LONDON, Oct 24 (IFR) - Two credit rating agencies have reduced Tesco's rating to the cusp of investment grade after a horrible set of first half numbers on Thursday.

ECB to find capital shortfall of over 800 mln euros at PTSB- Irish Times

DUBLIN, Oct 24 - European bank stress tests will find a capital shortfall of between 800 million and 1 billion euros at state-owned lender Permanent TSB (PTSB), the Irish Times reported on Friday without naming its sources.

Company Outlooks, M&A 24 Oct 2014

New Issue- Society of Lloyd's prices 500 mln stg 2024 bond

For news about this issuer, double click on the issuer RIC,

23 Oct 2014

Russia's Rosneft CEO sees share price at no less than $8.12 at possible stake sale

MOSCOW, Oct 23 - Russia's Rosneft Chief Executive Igor Sechin said he sees share price at no less than $8.12 per share at possible stake sale by the state, Russian agencies reported on Thursday.

Regulatory News 23 Oct 2014

UPDATE 1-MOVES-Barclays revamps FIG coverage following Appen departure

LONDON, Oct 23 (IFR) - Barclays is revamping its financial institutions group business for the second time in under two years, appointing Ben Davey as the sole head of financial institutions Europe, Middle East and Africa following the departure of Allen Appen earlier this month.

23 Oct 2014

Tesco CEO says not currently working on a rights issue

LONDON, Oct 23 - Tesco Chief Executive Dave Lewis said the group was not working on a rights issue, although he could not rule one out, as a profit slump in the first half ramped up the pressures on the business.

MOVES-Barclays revamps FIG coverage following Appen departure

LONDON, Oct 23 (IFR) - Barclays is revamping its financial institutions group business for the second time in under two years, appointing Ben Davey as the sole head of financial institutions Europe, Middle East and Africa following the departure of Allen Appen earlier this month.

23 Oct 2014

Philippine retailer SSI prices $166 mln IPO at top end of guidance

MANILA, Oct 23 - Philippine specialty retailer SSI Group Inc priced its initial public offering (IPO) at the top end of its indicative range, allowing it to raise $166 million in the country's third and biggest maiden share sale this year.

23 Oct 2014

UPDATE 1-Private equity eyes $13 bln Bayer plastics business - sources

(Adds details throughout on planned listing and potential bidders and valuation)

M&A, Private Capital 22 Oct 2014

REFILE-Private equity eyes $13 bln Bayer plastics business - sources

FRANKFURT/LONDON, Oct 22 - Private equity firms are circling Bayer's 10 billion-euro ($12.7 billion) plastics business, hoping to divert the German drugmaker's plan to list the division, two people familiar with the matter said on Wednesday.

M&A, Private Capital 22 Oct 2014