1231 GMT - Proposed changes to the U.K.'s "ringfencing" regime for banks enhance customer choice and competition, U.K. banking and financial services trade association, UK Finance, says after the government opened a consultation on the reforms. The rules ringfence retail deposits in banks with deposits of GBP25 billion or more, aiming to protect household savings from risky investments. The changes include raising the deposit threshold by 40% to GBP35 billion, exempting retail-focused banks and allowing ring-fenced banks to operate outside of the U.K. or the European Economic Area. "Alongside this we continue to urge the government to review the long-term need for the ring-fencing regime, recognising the significant changes to bank resolvability since the regime was first introduced in 2019," financial & risk policy principal Nala Worsfold says. (elena.vardon@wsj.com)

---

ZOO Digital Seen Investing in Future Despite Short-Term Industry Headwinds

1225 GMT - Although the writer's strike has ended, the disruption to the TV and film industry is still taking its toll on ZOO Digital, AJ bell analyst Russ Mould says on a note. The subtitles and dubbing services company had been banking on order levels going back to normal from October, but said this now looks unlikely amid limited earnings visibility, Mould says. Still, Hollywood will be eager to get back to work so this might simply be a short-term rocky period, he says. "The fact it will continue to invest in dubbing capabilities in hope of a rapid rebound in work shows the board is thinking about the long-term prize, not panicking because of short-term problems," Mould says. Shares are up 4.2% at 404.80 pence. (anthony.orunagoriainoff@dowjones.com)


Contact: London NewsPlus, Dow Jones Newswires;


(END) Dow Jones Newswires

09-28-23 1206ET