@peter_IFAMAG reads Twitter so you don’t have to.
New lockdown measures will cause mass closures and redundancies, say industry leaders. While the FT Adviser asks of the FCA ‘ failures or cover-ups?’
First, Apollo is the frontrunner for a £6.5bn takeover of ASDA.
Apollo emerges as the frontrunner to take control of Asda https://t.co/uJPilJPMv4
— Ben Martin (@Benjaminwmartin) September 23, 2020
Michael Pettis writes a thread on the ascending Euro.
This is a little surreal. For years certain countries like Germany saw their productivity-adjusted wages decline dramatically relative to those of their trading partners – especially their EU trading partners in the period before the 2008-08 crisis. https://t.co/ST9oqKMIY9
— Michael Pettis (@michaelxpettis) September 22, 2020
FT Adviser asks, ‘failures or cover-ups?’ when discussing outgoing FCA chief’s statement of ‘painful lessons’.
Outgoing CEO, 'admitted there would be "painful lessons" for the City watchdog when several investigations into potential regulatory failures concluded later this year.'
Question: Failures or cover-ups? https://t.co/192ecE8JCr
— Joanne Rossouw (@JoanneRossouw) September 23, 2020
Andrew Ellson asks in The Times’ comments section, why do watchdogs take so long to fix insurance scandals?
A sloth stepping through glue?
— Andrew Ellson (@andrewellson) September 23, 2020
Another development in the Wirecard scandal today; only a few units were involved in the company’s legitimate revenue creation.
“Only a few units of the group were actually involved in conducting operative business that was customer-facing and generated revenue.” [Administrator] https://t.co/vMF2GT23tz
— Olaf Storbeck (@OlafStorbeck) September 23, 2020
And finally, business leaders call for a new round of emergency state support for UK companies.
New Covid restrictions will cause mass closures and redundancies, business groups warn, as pressure mounts on government to provide fresh emergency support. Story with @walshdominic https://t.co/o1SAIBpwrf
— James Hurley (@jameshurley) September 23, 2020