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New wave of rights issues

Credit Suisse UK mid-250 fund manager Justin Jordan believes we are only halfway through a surge of rights issues in the UK market.

Jordan says that he expects another £40-£50bn to be added to the £25bn of rights issues that have already been announced so far this year.

He says: “My view is that, of the top 350 financial companies between 30 to 50 will look to refinance, some out of choice, but others out of necessity.”

Jordan says he is selectively picking opportunities in the market, pointing to William Hill and HMV as examples of businesses looking to conduct a rights issue from a position of strength. HMV is considering a rights issue to raise money for a takeover of 14 Zavvi stores.

He says: “I expect a spurt of rights issues after Easter, between the end of April and the end of May, and then another in the results’ season from the end of August through to September.”


Court out

The FSA and the life offices caught up in the Lautro debacle have a long month ahead of them while they wait for the High Court to consider the appeal against naming those involved.

Why prevention is better than cure

Quoting the famous adage, prevention is better than cure; there are many proactive benefits that can improve wellness in the workplace, decrease stress, increase staff morale and reduce absenteeism, as well as attracting and retaining employees of a higher standard. With a recent study showing that employees in Britain are working below peak productivity, preventative benefits can ensure you address potential health issues or causes of stress at their source and ensure productivity in the workplace remains at an optimum level. With this in mind, how are you using preventative benefits to help keep your workforce happy and healthy?


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