PRESS DIGEST- Financial Times - July 21
July 21 (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
- UK minister promises overhaul of water industry regulation
- UK government seeks way out of clash with US over Apple encryption
- London Stock Exchange Group considers launch of 24-hour trading
- Investors hitting 'limit' for insuring against UK floods, warns Flood Re chief
Overview
- Steve Reed, UK environment minister, has promised a major overhaul of water industry regulation as he set a new pledge to halve the number of sewage discharge incidents by 2030, adding that water industry's financial regulator Ofwat was "clearly failing."
- The British government is seeking a way out of a clash with U.S. President Donald Trump's administration over the UK's demand that Apple AAPL.O provide it with access to secure customer data, two senior British officials have told the Financial Times.
- London Stock Exchange Group LSEG.L is weighing whether to launch 24-hour trading as bourses race to extend access to stocks amid growing demand from small investors active outside normal business hours.
- Global investors have a dwindling appetite to absorb the rising cost of UK floods, Perry Thomas, the new head of the national flood reinsurer Flood Re has warned, adding that exposure to the hazard is now "worse than when we started."
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