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UK Market Retreats
The UK market declined on Monday, as the entire continent was rattled by concerns about Greece leaving the eurozone. Sentiment was also impacted by weak cues from Wall Street in the previous session. Meanwhile, China facilitated the addition of as much as 400 billion yuan of liquidity to the financial system, fuelling concerns about a slowdown in the world's second-largest economy.
Allied Irish Banks returned to the debt markets yesterday for the first time since the crisis hit, raising E395m in bonds secured against UK mortgages.
Corporate Bond Issuance In US Roars Back To Life, UK Dominates
Several multibillion-dollar issues from foreign borrowers hit the high-grade U.S. corporate bond market Wednesday, putting the session on track to be one of the busiest of 2012.
The £3.6bn UK lingerie market will be lifted this summer by brands expanding in London. The US chain Victoria's Secret has revealed the opening dates for its first two UK shops, while Agent Provocateur is searching for new London stores as part of a 50-store expansion plan.
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