The Financial Conduct Authority’s CEO has warned that the UK Chancellor’s plans to loosen regulations in the City could attract bad actors. Despite calls for more risk-taking, the FCA is concerned about potential trade-offs. Meanwhile, Thames Water faces financial struggles, with debts reaching £16bn and a rise in pollution incidents. Calls for renationalization have been made, with concerns over sewage spills. Canary Wharf Group has secured a £610m loan to repay bonds, amidst challenges in the commercial property market due to the pandemic. Boohoo faces a shareholder meeting called by Frasers Group, aiming to oust its founder. Kantar reports a 6.5% increase in the cost of an average Christmas dinner in the UK. Finally, Thames Water may run out of cash by March without a £3bn debt deal, while Ashtead Group plans to move its listing to the US from the UK.
Thames Water is facing financial troubles and may run out of cash by March without a £3bn debt deal. Meanwhile, the FCA CEO warns that loosening regulations in the City could attract bad actors. Other key events include Canary Wharf Group securing a loan, Boohoo facing a shareholder meeting, and Kantar reporting a 6.5% increase in the cost of Christmas dinner. Additionally, Ashtead Group plans to move its listing to the US, following a trend of companies leaving the UK stock market.
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