New Issues
3i Infra in share placing
International infrastructure investor 3i on Monday said it planned to raise cash to pay down debt and finance new deals.
Sunday newspaper round-up: Arm, Energy bills, Flybe
The Financial Conduct Authority has offered to relax rules around so-called "related party transactions" in order to entice microchip designer Arm to float in London. Arm worries that otherwise it may have to report dealings with owner Softbank and any of the Japanese outfit's hundreds of investments as well as having to consult with shareholders each time. Such transaction nevertheless played an important role in failed US companies Enron and Tyco. Critics say the move would dilute the UK's highly regarded standards of corporate governance.