Insurers would potentially be able to use billions of pounds of expected gains from a relaxation of capital rules for share buybacks and to pay dividends, under plans by both candidates to succeed Boris Johnson as UK prime minister. Foreign …
Banks and asset managers representing 40% of the world’s financial assets have now pledged to meet the goals set out in the Paris climate agreement, as an alliance championed by former central banker Mark Carney swells under the gaze of …
Businesses have been been clamoring for the government to finally reopen the UK economy. Now that face masks and social distancing will be all but dropped, they have a new set of worries. Industry groups, big and small, largely welcomed …
UK Chancellor of the Exchequer Rishi Sunak is pushing the Group of Seven (G-7) economies to impose mandatory reporting of environmental risks on their big companies, people familiar with the matter said. Under the proposals, the biggest companies would report …
The UK will set up green finance hubs in Leeds and London as part of efforts to encourage lenders and insurers to invest in renewable energy and sustainable agriculture. The two cities will host the new UK Centre for Greening …
UK Chancellor of the Exchequer Rishi Sunak will hold talks with his Swiss counterpart on Wednesday as the two countries seek to deepen financial services ties in the wake of Brexit. The virtual discussions with Federal Councilor Ueli Maurer will …
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the plan, billed as “the most comprehensive in a decade,” …
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 in front of …
Prospects of a Brexit deal faded after talks between the two sides stalled and European leaders cast doubt on reaching an agreement in time for Oct. 31. French President Emmanuel Macron and Irish Prime Minister Leo Varadkar both signaled they …
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 leaving the European Union …
