Rights issues drive record month for LSE

The London Stock Exchange reported a record £23.2bn (€29.3bn) raised on its primary markets in May, driven by rights issues from UK companies, which accounted for more than half of the total.

Even excluding the £12.2bn rights issue by Royal Bank of Scotland, the amount raised last month almost equalled the £11.2bn raised in July 2006, the previous record.

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