A right carry-on

21 July 2008 By John Foley

The UK lender s £4bn flop is the first such failure in 20 years. Underwriters must now shift a quarter of its shares. Rights issues are still the fairest way for companies to raise equity. So they won t go away but they may get faster and more expensive.

This content is for Subscribers only

To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)