PRESS DIGEST- Financial Times – Dec 22


Dec 22 (Reuters) – The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

– Ryanair cancels UK routes in dispute with regulator

– SoftBank launches SPAC and may buy one of its own investments

– UK debt office pushes back after MP scrutiny of government bond sales

– More areas of England set to enter tier 4 in race to curb new strain

Overview

– Ryanair Holdings Plc has cancelled 12 international and domestic United Kingdom routes, following a disagreement with UK Civil Aviation Authority (CAA), the regulator that the company said left operation of the flights “impossible” ahead of Brexit. https://on.ft.com/2WBSvTS

– SoftBank Group Corp has filed to raise up to $604 million through a blank-check company, saying the vehicle could acquire a business the Japanese conglomerate has previously invested in via its $100 billion Vision Fund. https://on.ft.com/3mEMyjA

– The UK’s Debt Management Office has defended one of its main ways of financing the government’s spending after Mel Stride, a Conservative MP that chairs Parliament’s Treasury select committee, questioned whether it was harming taxpayers. https://on.ft.com/2JgriTC

– More areas of England are likely to enter the highest level of tier 4 restrictions in the new year as the country braces for the spread of the new strain of coronavirus, Patrick Vallance, the government’s chief scientific adviser has said. https://on.ft.com/34QA6ar

(Compiled by Bengaluru newsroom)



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