The Financial Conduct Authority (FCA) is reviewing the market for preference shares following the debacle surrounding Aviva and its plans to cancel preference shares at par value, which were subsequently scrapped.
In a Dear CEO letter, published by the FCA today and sent to issuers of listed irredeemable preference shares, the regulator said it is scrutinising the market for ‘permanent' fixed income shares, such...
What made financial headlines over the weekend?
Q2 net sales dropped almost 50%
‘Important to have an anchor’
Lack of innovation for solutions