The great rights rush (TT JulAug09 p18-19)

The May issue of The Treasurer reported on a rush of rights issues that marked the opening weeks of 2009 and pointed out the danger of investor fatigue setting in. But even though the first four months of this year saw rights issues with a combined valueof £30bn announced, there has been no sign of any slowdown so far. In recent weeks, retailers, property groups and miners are among a "second wave" of companies seeking the favour of investors.