Pizza Express
Pizza Express Ticker: PIZEXP Isin Issue Size Rating M / S&P Coupon Min Piece Maturity Next Call Offer YTW Govt Spread XS1028948120 £465mn B2 / B- 6.625% s/a £100k Aug 2021 Now to Aug 2018 @ 103.313 98.25 7.16% + 649bps XS1028948047 £200mn Caa1 / CCC 8.625% s/z £100k Aug... Read More →
Liberty Interactive LLC (QVC Group)
Liberty Interactive LLC (QVC Group) Ticker: LINTA Liberty Interactive, trading under the tracker stocks QVCA US (market cap $10.8bn) and LVNTA US (market cap $4.9bn), is currently undergoing a number of corporate actions that will result in it focusing almost exclusively on QVC, its retailing business. QVC will be boosted by the... Read More →
Transocean Ltd
Transocean (RIG) has been confronted with significant challenges during the current decade: the Deepwater Horizon disaster followed by lower oil prices. The former has largely been dealt with and the latter has not stopped the company from generating cash flow and reducing debt despite lower returns. It has narrowed its strategic focus to deepwater and... Read More →
New Look Retail Group
The summer quarter has not been kind to most retailers, but today’s Q2 from New Look shows just how hard it is. At the very last moment the board decided not to bring in the former CEO’s Chief Creative Officer appointee, Paula Dumot Lopes, perhaps thinking the cost of the former Inditex talent too much... Read More →