FCA censures former FTSE 100 company but stops short of a fine as no funds are expected to be leftThe financial watchdog has found that collapsed hospital operator NMC Health committed market abuse by understating its debts by as much as $4bn (£3.2bn).The Financial Conduct Authority (FCA) censured the former FTSE 100 company on Friday for misleading the market but stopped short of fining it as no funds are expected to be left at the business once outstanding debts to creditors are paid out. Continue reading…
Source link : https://www.theguardian.com/business/2023/nov/17/collapsed-hospital-operator-nmc-health-misled-markets-over-32bn-of-debt-says-watchdog
Author : PA Media
Publish date : 2023-11-17 15:05:20
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Collapsed hospital operator NMC Health misled markets over £3.2bn of debt, says watchdog
