From the Securities Lending Trading Desk

We’ve seen additional short interest for cannabis stocks in Canada after the Senate approved a bill to legalize recreational marijuana, sending shares higher. The Australian arm of Domino Pizza Enterprises saw multiple broker downgrades last week amid an increasingly negative business outlook for the company. M&A activity is a key driver this week for securities lending in Europe.

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From the Securities Lending Trading Desk

In the U.S., The B&G Foods (BGS) dividend continues to yield one of the highest pay-out ratios among its peers. The escalation of the trade war between China and the United States has forced one of Japan’s largest electronics manufacturers to cancel a proposed share sale. Whilst in Europe, rights issues continue to be key driver for securities lending demand with Prysmian and Elementis both making announcements.

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