Invesco's Barnett and Walker warn companies on equity raisings - reports

The pair wrote to UK companies telling them they must come up with compelling cases for attempting to raise "precious and expensive" equity from investors, in a letter seen by Sky News. They said firms should first make use of Government schemes including the £330bn Covid Corporate Finance Facility (CCFF) before asking for support from shareholders. The move comes as a number of top firms are expected to try and raise cash on the secondary market, with e-commerce giant Asos on Wednesday announcing it had successfully raised almost £250m through a share placing. Barnett ousted from PLY...