Spanish nuts grower Borges postpones share issue

Spanish nuts producer Borges said it was postponing a 23.5 million-euro ($26.5 million) share capital hike and putting plans to move to Spain's main stock market from a smaller exchange on hold, citing difficult market conditions. "The situation in the markets is not optimal," Chief Executive David Prats said in a statement late on Friday. Poor market conditions have derailed several companies' plans for stock market debuts in Europe and the United States this year, as faltering growth prospects in China and across the world spook investors.