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Wizz eyes rapid recovery as it taps investors for €500 million debt funding featured picture

Wizz eyes rapid recovery as it taps investors for €500 million debt funding

Budget airline Wizz Air (WIZZ) emphasised its optimism for a rapid recovery in the European flights industry by raising €500 million through a bond offering. The bonds come with a 1% coupon and expire in 2026, while Wizz Air’s credit is rated BBB by ratings agencies Fitch and Baa3 by Moody’s. That the company says the offer was ‘oversubscribed’ illustrates the rampant appetite among ...
Blue chips untroubled by US inflation, weaker dollar boosts mining and oil stocks featured picture

Blue chips untroubled by US inflation, weaker dollar boosts mining and oil stocks

The FTSE 100 finished 0.81% in the green at 7,551.72 points on Wednesday, building on Tuesday’s rally despite US CPI inflation hitting 7% in December, a 40-year high. With markets already pricing in rate rises, investors took the US inflation print in their stride, though it would have been a different story if the figure had strayed above the 7% most analysts had been expecting. Global ...
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