Billions of shares set to flood the stock market

The Times says billions of pounds' worth of shares are expected to flood the Stock Exchange in the coming months as distressed companies turn to equity investors to repair their balance sheets and pay off rapacious bondholders and banks. Equity strategists and fund managers said many companies with too much debt on their balance sheets will have no option but to conduct deeply discounted rights issues. The Times also writes that the Conservative Party is to challenge the Government today about an apparent £100 billion black hole in the UK's occupational pension funds. David Willetts, ...