Latest Uk Headlines

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

Travelers Selects Dublin For EU Subsidiary After Brexit

Dec 20 2017 // U.S. insurer Travelers Cos. Inc. said on Tuesday its European arm will create a subsidiary in Dublin in response to Britain’s vote to leave the European Union.The company said it would apply for authorisation of a...

UK Employers Plan Hiring Despite Brexit Worries

Dec 19 2017 // British employers plan to hire more workers and raise pay more quickly in 2018, but they also fear that Brexit will make the country a less attractive place to do business, a survey showed on Tuesday.Fifty-one percent of...

UK Keeps Top Spot in Financial Services, but Brexit Threatens: TheCityUK

Dec 15 2017 // Britain kept the top spot in global financial services exports last year, but Brexit threatens to raise barriers to its biggest market in Europe, TheCityUK said on Friday.The body, which promotes Britain as a financial...

UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products

Dec 13 2017 // Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have.The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based...

Factbox: More Insurers Make Decisions About Post-Brexit Headquarters

Dec 13 2017 // Liberty Specialty Markets said it planned to redomicile its UK insurance company to Luxembourg, as a result of Britain’s decision to leave the European Union.Below are insurers’ plans for EU subsidiaries (in...

London Financial Industry Welcomes Brexit Breakthrough but Won’t Alter EU Plans

Dec 8 2017 // London’s financial industry welcomed progress on a divorce deal with the European Union on Friday but said it saw little reason to alter preparations for when Britain leaves the EU.The agreement on Friday paves the...

UK, EU Agree to Brexit Divorce Deal, Paving Way for Next Stage of Talks on Trade

Dec 8 2017 // Britain and the European Union struck a divorce deal on Friday that paves the way for arduous talks on future trade ties, easing immediate pressure on Prime Minister Theresa May and boosting hopes of an orderly Brexit.May...

China’s Ping An Insurance Now Second Largest Shareholder in Britain’s HSBC Bank

Dec 7 2017 // HSBC has a three-year head start on its foreign investment banking rivals in China because of the British bank’s unique position of having management control of its securities venture there, chief executive Stuart...

UK Cyber Security Agency Issues Warning About Kaspersky Lab Antivirus Software

Dec 4 2017 // Britain’s cyber security agency has told government departments not to use antivirus software from Moscow-based firm Kaspersky Lab amid concerns about Russian snooping.Ciaran Martin, head of the National Cyber...

UK Auto Insurer Direct Line Offers Tesla Drivers 5% Discount if They Use ‘Auto-Pilot’

Dec 4 2017 // Britain’s largest motor insurer Direct Line is offering Tesla Inc drivers in Britain a 5-percent discount for switching on the car’s autopilot system, seeking to encourage use of a system it hopes will cut down...

Update: Messy Brexit Could Lead to ‘Contract Continuity’ Disruption for Insurers, Banks

Dec 1 2017 // As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job relocations, he’s more concerned about rewriting “hundreds of thousands” of...

Uber’s UK Data Breach Exposed Accounts of 2.7M Customers in 2016

Nov 30 2017 // Uber Technologies Inc. said information from 2.7 million U.K. customers was taken in a 2016 security breach that hit 57 million riders and drivers globally and that the company kept secret from the public and authorities...

Dangers of Messy Brexit Without Insurance Deal Highlighted by Bank of England

Nov 28 2017 // British banks may have unanimously passed Bank of England stress tests, but that clean bill of health came with concern about a messy Brexit, courtesy of Governor Mark Carney.The central bank told lenders to add another 6...

UK Financial Services Industry Pays Record Taxes, ‘Underlining Need’ for Brexit Deal

Nov 27 2017 // Britain’s financial services industry paid a record 72.1 billion pounds ($96.2 billion) in tax during the past fiscal year, PwC said in a report that piles pressure on the government to secure favorable trading terms...

UK P&I Insurer Chooses Dublin as EU Headquarters After Brexit

Nov 21 2017 // British ship insurer Standard Club is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the second of these specialized providers to opt for...

Factbox: Growing List of Insurers Decide on Post-Brexit EU Headquarters

Nov 21 2017 // Sompo International Holdings, a Bermuda-based unit of Japanese insurer Sompo, said it will set up a subsidiary in Luxembourg, in case Britain does not have access to the single market after Brexit.Below are insurers’...

UK P&I Insurer North to Form Dublin Subsidiary as EU Post-Brexit Hub

Nov 20 2017 // British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to announce such a...

JPMorgan Warns of Market Disruption If Clearing Houses Cut-Off by Brexit

Nov 15 2017 // Financial markets face Brexit day upheaval if clearing houses in Britain are abruptly cut off from continental customers, a senior JPMorgan bank official said on Wednesday.Sally Dewar, international head of regulatory...

Russian Cyber Attacks Target Major U.K. Industries, Says Top Spy

Nov 15 2017 // Britain’s National Cyber Security Centre publicly confirmed for the first time that Russia has carried out internet assaults on major U.K. energy, technology and media companies, as tensions escalate over the...

Dublin Attracts Wave of U.S. Financial Services Firms Seeking Post-Brexit EU Hubs

Nov 14 2017 // American direct investment in financial services that would normally head for Britain will be diverted in part to Dublin because of Brexit, Ireland’s financial services minister Michael D’Arcy said on Friday...