Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
EU Braces for No-Deal Brexit if Johnson Becomes UK Prime Minister
Jul 16 2019 // The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain’s prime minister next week with a pledge to renegotiate a deal the bloc says it will not reopen. The...
Panama to Withdraw Flags from More Vessels that Violate Iran Sanctions: Reuters
Jul 15 2019 // Panama will withdraw its flag from more vessels that violate sanctions and international legislation, the country’s maritime authority told Reuters, following the removal of about 60 ships linked to Iran and Syria...
UK Navy Stops Iran from Blocking BP Oil Tanker Leaving Persian Gulf
Jul 11 2019 // The British navy intervened to stop Iran from blocking a commercial oil tanker leaving the Persian Gulf, heightening friction just as European nations scramble to salvage a landmark nuclear accord with the Islamic...
Britain’s Green Finance Strategy Could Mandate Corporate Climate Risk Disclosure
Jul 2 2019 // British public companies and pension funds may have to publish by 2022 what risks their businesses face from climate change under a new so-called green finance strategy. Britain last week became the first G7 country to...
AIR Expands Europe Inland Flood Model, Updates UK Storm Surge Analysis
Jun 26 2019 // Catastrophe risk modeling firm AIR Worldwide announced it has released an expanded inland flood model for Central Europe to include the country of Poland in its model domain. AIR also announced that it has updated the...
UK Business Executives Grow Increasingly Angry at Brexit Deadlock
Jun 17 2019 // There are only so many ways U.K. business chiefs can express their dismay at the Brexit deadlock engulfing the country. Frustration at politicians has morphed into outright anger in the three years since the referendum on...
Threat of No-Deal Brexit Isn’t Likely to Win EU Concessions: UK Business Chief
Jun 14 2019 // Threatening to leave the European Union without a deal isn’t likely to win Britain concessions from the bloc, the country’s biggest business group said in a warning to candidates jostling to succeed Prime...
Swiss Re’s UK Unit, ReAssure, Gets Ready for IPO in July
Jun 14 2019 // Swiss Re AG confirmed that its U.K.-based ReAssure Group Plc unit intends to undertake an initial public offering, giving the business firepower to expand its closed life and pension business. The company is expected to...
Lawsuit Filed for ‘Defective’ Products Linked to London’s Grenfell Tower Fire Disaster
Jun 13 2019 // Three U.S. companies have been slapped with a wrongful death and products liability lawsuit for manufacturing products linked to London’s Grenfell tower fire. The fire, which has been called the worst UK residential...
Britain Commits to Net Zero Greenhouse Gas Emissions by 2050
Jun 13 2019 // Britain has announced it will enshrine a new commitment to reach net zero greenhouse gas emissions by 2050 into law, marking a first among G7 nations facing increasingly severe impacts from the climate crisis. With global...
EU Says It’s Ready for ‘Undesirable’ No-Deal Brexit, but Some Insurers Are Unprepared
Jun 13 2019 // The European Union said it’s ready for the U.K. to leave the bloc without a deal and isn’t planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European Commission...
Swiss Re Plans IPO of $4.5 Billion UK Subsidiary ReAssure
Jun 7 2019 // Swiss Re is pressing ahead with plans to float its $4.5 billion UK life insurance business in London to put it under a more favorable regulatory regime and give it easier access to capital to fund its expansion. ReAssure,...
Here’s How 11 Tory Contenders for UK Prime Minister Plan to Fix Brexit
Jun 6 2019 // Eleven Conservatives are in the running to succeed Theresa May as U.K. prime minister. Each has their own vision of how to fix Brexit, and their views are so divergent that whoever wins will struggle to unite the party...
UK Insurer Aviva’s New CEO Targets Cost, Job Cuts in Company Overhaul
Jun 6 2019 // Aviva Plc’s new chief executive officer, Maurice Tulloch, kicked off his overhaul of the company with a plan to cut costs and jobs and streamline its U.K. business. Tulloch, who took over in March, said he would...
London Must Avoid Becoming ‘Offshore’ Financial Center After Brexit, Says CFTC Chief
Jun 5 2019 // Policymakers should “tether” London to the European Union to avoid isolating the region’s largest financial hub, harming the euro zone economy and spawning an offshore financial center, the head of the...
UK Business Group Warns Next Tory Party Leader to Avoid No-Deal Brexit
Jun 3 2019 // Prime Minister Theresa May’s successor must avoid a no-deal Brexit or risk losing the Conservatives’ moniker as the party of commerce, the U.K.’s biggest business lobby group said. The task facing the...
Allianz Expansion Plan Includes $1 Billion for UK Insurers
May 31 2019 // Allianz SE agreed to buy two insurance businesses in the U.K. in deals valued at a combined $1 billion, transforming the firm into the second-biggest general insurer in the country. The Munich-headquartered company agreed...
Debt Insurance Staging a Comeback with Investors As Distressed Situations Increase
May 30 2019 // Corporate debt insurance that fell out of favor after the financial crisis is returning to vogue as default rates rise and a series of high-profile failures pay off for short sellers. Credit-default swaps trading increased...
European Business Leaders’ Confidence Drops Over Brexit
May 30 2019 // Uncertainty over Britain’s departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European business leaders...
UK Prime Minister to Resign on June 7, Paving Way for Possible No-Deal Brexit
May 24 2019 // Fighting back tears, Theresa May said on Friday she would quit, setting up a contest that will install a new British prime minister who could pursue a cleaner break with the European Union. May’s departure deepens...
