Primary equity issuance is expected to return to normal levels in 2002 and retail appetite will slowly recover, new research from Schroder Salomon Smith Barney said.
The bank's European Portfolio Strategist report said: "Primary market activity showed signs of a revival in the last few weeks of 2001, and we assume a return to more typical level of supply, at around 1.6% of current market capitalisation, in 2002."
