News Headline Summary

Spain's Banco Popular (POP SM) share up 5% in early trade after disclosing details of share increase plan

Update details:

- Banco Popular plans to offer a steeper-than-expected discount on its EUR 2.5bln rights issue. The bank is offering three new shares for every old one at a price of EUR 0.401 each which represents a 64% discount to Friday’s closing share price.

Print 08:32, 12 Nov 2012 - European Equities - Source: Newswires