We are only into the second full trading of the year but scribblers at Citigroup are quick out the blocks with their prediction that easyJet will have to carry out another equity issue, most likely in the second quarter of this year...
Posts tagged: Citigroup
It would appear scribblers at Citigroup have a direct line into Betaville's brain.
On Wednesday evening I wrote in "Cash Calls - who is next? - Part 8" that Stagecoach was to be added to the Cash Calls list. Below is the link:
Citigroup is today telling clients easyJet will have to launch a major cash call to raise between £700 million and a £1 billion.
Mark Manduca - airlines analyst at Citigroup, and son of City grandee and Prudential chairman Paul Manduca - reckons there is now a "high" probability the budget airline will have to carry out a rights issue in the coming weeks or months...
US private equity group HarbourVest is weighing the purchase of a stake in EMI Music Publishing, the company that controls the rights to some of the world's best known bands such as the Black Eyed Peas.
Excellent City sources have told little old Betaville that HarbourVest has been talking to some of EMI Music Publishing's shareholders about buying a shareholding in the music publishing business. ..