Latest Uk Headlines

All the headlines from our Uk Topic Page, ordered by recency.

Bank of England’s Carney Warns Investors to Get Serious About Climate Change

Feb 27 2020 // In a world facing a climate crisis, investors need to start taking account of carbon emissions and rising temperatures in their decisions, according to Bank of England Governor Mark Carney.The shift in thinking will be key...

Britain’s Financial Conduct Regulator Admits Data Breach

Feb 25 2020 // Britain’s Financial Conduct Authority (FCA) has admitted an accidental leak of confidential information, including the names and some contact details of people who had made complaints against the watchdog in 2018 and...

Update: UK Issues Severe Flood Warnings as Rivers Peak After Storm Dennis

Feb 19 2020 // Residents in central England and Wales piled up sandbags, readied water pumps and hoped for the best Tuesday as rivers peaked after a weekend storm brought up to 6 inches (150 mm) of rain to an already waterlogged...

Storm Sabine (AKA Ciara) Cost Insurers $731M in Germany: GDV

Feb 18 2020 // Storm Sabine caused insured losses of 675 million euros ($731 million) in Germany this month, the GDV Insurance Association said on Tuesday, making it the sixth most costly storm in Europe’s largest economy since...

Facebook, Twitter, Other Internet Firms to Be Responsible for Content Under UK Plan

Feb 12 2020 // Britain said it would force social media companies such as Facebook, Twitter and Snap to do more to block or remove harmful content on their platforms.Following a consultation, the UK government said on Wednesday it...

Allianz-Backed Fintech Startup, N26, Closes UK Mobile Bank Accounts, Blaming Brexit

Feb 12 2020 // N26 GmbH, the German mobile bank backed by billionaires Peter Thiel and Li Ka-Shing, said it will end UK operations citing the country’s departure from the European Union.The Berlin-based digital bank will close UK...

UK, EU Remain at Odds over Financial Services’ Market Access

Feb 11 2020 // Britain wants a stable relationship with the European Union for “decades to come” in financial services, Britain’s finance minister Sajid Javid said on Tuesday, but received an instant rebuttal from...

Storm Ciara Batters Europe with Hurricane-Force Winds, Killing at Least 5 People

Feb 11 2020 // A strong winter storm that has battered Europe with hurricane-force winds and heavy rains and killed at least five people moved eastward Monday, causing severe travel disruptions across the continent.After striking Britain...

Nissan Autonomous Car Completes 230-Mile Journey in Britain

Feb 6 2020 // CRANFIELD, England – A Nissan car has completed a 230-mile journey autonomously in Britain, the longest and most complex such trip in the country as carmakers race to develop the driverless technologies set to...

Britain’s Insurance Sector Urged to Compete by Selectively Diverging from EU Rules

Feb 5 2020 // A senior official from Britain’s insurance sector on Wednesday laid out the case for selective divergence from EU rules to add to London’s appeal as a competitive global financial center.Britain left the...

Insurance Executive and Partners Seek $52 M in Sale of U.K. Soccer Team Sunderland

Feb 5 2020 // Sunderland AFC’s owners are targeting a valuation of as much as 40 million pounds ($52 million) as they seek a buyer for the U.K. soccer team, people with knowledge of the matter said.Insurance entrepreneur Stewart...

UK and EU Commence Sparring Over Post-Brexit Trade Rules

Feb 3 2020 // The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he...

A Divided Britain Must Now Seek New Identity Outside European Union

Jan 31 2020 // At 10 a.m. inside Aux Merveilleux de Fred, a patisserie in the heart of London’s French quarter, the air is thick with the aroma of butter. Aicha Boubakri, 30, is arranging neat rows of pastel-colored cream pastries...

Brexit Day Is Finally Here; Now the Hard Part Begins: Opinion

Jan 30 2020 // London and Brussels are two hours apart by train but on Friday, the day the U.K. officially leaves the European Union, the two cities will feel worlds apart.The Brits are planning a Brexit celebration worthy of a...

Brexit Impact on UK Insurers Dictated by Trade Talks, Possible Economic Hit: AM Best

Jan 30 2020 // From an operational point of view, the United Kingdom’s departure from the European Union on Jan. 31, 2020 will have little immediate impact on AM Best-rated insurers in the UK or EU, according to the ratings agency...

Factbox: What’s Ahead for UK Financial Services Sector and Brexit Trade Deal?

Jan 28 2020 // Britain leaves the European Union at 2300 GMT on Friday but has yet to negotiate a deal on future trading relations with the bloc.The EU is Britain’s biggest market for financial services, worth about 26 billion...

U.K. Financial Services Firms Prepare for Worst in Brexit Trade Talks

Jan 27 2020 // Britain’s finance sector is losing hope of securing even basic access to European Union markets from Dec. 31, as talk that the EU wants UK fishing rights in exchange draws the industry into a political struggle...

U.K. Financial Services Firms Must Prepare for Failure of Brexit Trade Deal: Regulator

Jan 24 2020 // Financial firms in Britain should be ready in case no trade agreement is struck with the European Union by December, a senior U.K. regulator said on Thursday.Britain leaves the EU next week, followed by a “business...

U.K. P&C Insurers Face Strong Competition, Claims Inflation: AM Best Report

Jan 16 2020 // Market conditions for U.K. non-life insurers were difficult in 2019 as they continued to face strong competition and claims inflation, according to a report published by AM Best.Companies have had to contend with changes...

U.K. Broker Tysers Invests in Bermuda-Based MGA, Helix Underwriting Partners

Jan 15 2020 // Tysers, the London-based broker, announced it has taken a minority investment in Bermuda’s newly formed and first independent managing general agent Helix Underwriting Partners Ltd.“As we enter the 200th year...