Below are the key morning headlines from today's papers, featuring the Financial Times, The Times, The Telegraph, The Daily Mail & more - see the full Press section here.

- Mark Carney will face questions from MPs over his future at the Bank of England today amid mounting speculation he could extend his stay as governor in order to guide the British economy through Brexit. Carney is expected to answer questions on Tuesday afternoon over his future when facing MPs on the House of Commons Treasury committee, which is tasked with scrutinising appointments at the central bank.

- Footasylum (FOOT)  has shocked investors with its second profit warning in only three months, sending shares in the shoes retailer tumbling to only a quarter of their value when they were listed less than a year ago. The chain set up by David Makin, the JD Sports co-founder, blamed weak consumer sentiment and delays opening new stores as it said that annual earnings were likely to be half those of last year.

- Sir Martin Sorrell has said that WPP (WPP)'s  search for new a chief executive has been a “complete waste of time” after the advertising giant named Mark Read as his successor. Mr Read, former head of WPP’s digital division, was confirmed as its boss yesterday after acting as co-chief operating officer since the resignation of Sir Martin in April.

- United Utilities Group (UU.) , Severn Trent (SVT) , Pennon Group (PNN)  – Water companies have unveiled plans to invest more than £50bn over five years in the processing plants and pipelines that supply homes across England and Wales by 2025, while charging customers less. The utility companies handed their business plans to the regulator yesterday detailing their proposals for investment, customer service and cleaning up rivers which run 5,000 miles through the country

- Royal Mail (RMG)  has moved into the Canadian market and made its biggest acquisition since becoming a listed company in 2013, bulking up its booming parcel delivery division in the face of pressures on its letters business. The former state-owned postal service has spent about £213m buying Dicom Canada, which specialises in delivering parcels between businesses.

- Brexit pessimism at animal medications business Dechra Pharmaceuticals (DPH)  caused investors to take flight yesterday. The company revealed in its full-year results that it was preparing for a hard Brexit and, even though the impact of this on its finances would be ‘immaterial’, its shares still plummeted. The main risks of leaving would centre around having to get its products approved and tested by an EU regulator, Dechra said.

- Berkeley Group Holdings (The) (BKG)  calls affordable housing targets ‘unviable’ as chairman earns £174m. Company run by Tony Pidgley has reduced its obligations in almost all London project.