Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
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...
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...
Despite Earthquake Risk, UK Ready to Begin Fracking – Again
Nov 6 2017 // Six years after Britain’s first fracking operation was stymied by earth tremors, its shale gas industry is poised to try again with a technology that could transform the UK gas market and drastically reduce its...
UK Could Lose 75,000 Insurance, Banking Jobs as a Result of Brexit: Regulator
Nov 1 2017 // Sam Woods, Britain’s top banking regulator, said a consultancy’s estimate that Brexit could cause as many as 75,000 job losses in banking and insurance is “plausible” if the U.K. leaves the European...
UK Faces Bad Deal for Brexit, Gloomy Outlook: S&P, Fitch
Oct 30 2017 // Standard and Poor’s and Fitch held their credit ratings for Britain unchanged on Friday [Oct. 27], but both remained gloomy about the outlook due to the likelihood of the country reaching a bad deal in its divorce...
Basic IT Best Practice Would Have Limited WannaCry Cyber Attack: UK Report
Oct 30 2017 // The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak defense against such...
EU President Tusk Believes UK Could Reverse Its Plans for Brexit
Oct 25 2017 // European Union President Donald Tusk revived the notion that the U.K. will stay in the bloc after all, as British Prime Minister Theresa May struggles with persistent splits in her government. Speaking 16 months to the day...
