Latest Uk Headlines
All the headlines from our Uk Topic Page, ordered by recency.
Tesco Reveals $3M Was Stolen from 9,000 Customers in Recent Cyber Bank Theft
Nov 9 2016 // Retailer Tesco Plc’s banking arm said on Tuesday that 2.5 million pounds ($3 million) had been stolen from 9,000 customers over the weekend in what cyber experts said was the first mass hacking of accounts at a...
Tesco Bank’s Cyber Attack Investigated by UK’s National Crime Agency
Nov 8 2016 // Britain’s National Crime Agency (NCA) is leading a criminal inquiry into the theft of money from thousands of Tesco Bank accounts that the UK financial watchdog said was unprecedented. New cyber crime agency National...
UK Court Says Parliamentary Approval Needed for Brexit; Government to Appeal
Nov 3 2016 // England’s High Court ruled on Thursday that the British government requires parliamentary approval to trigger the process of exiting the European Union, upsetting Prime Minister Theresa May’s Brexit plans. The...
UK to Boost Cyber Security Defenses with £1.9B Investment
Nov 1 2016 // Britain will boost its cyber security defenses with a 1.9 billion pound ($2.32 billion) investment due to be announced by Finance Minister Philip Hammond later on Tuesday, a statement from the Treasury said. The new...
Financial Services Firms Likely to Flee Britain If ‘Passport’ Regulations Lost ECB’s Lane
Oct 31 2016 // There is likely to be a significant flight of financial activity out of Britain if companies are no longer regulated on equivalent terms to those in the European Union after Brexit, European Central Bank council member...
Northern Ireland Can’t Block Britain’s Brexit: Court
Oct 31 2016 // Northern Ireland’s High Court on Friday rejected an attempt to block Britain’s exit from the European Union, saying that neither the province’s parliament nor its laws could override a decision by the...
UK Uber Drivers’ Court Victory Over Pay Could Rejigger Gig Economy
Oct 31 2016 // Uber Technologies Inc. lost a lawsuit over pay and vacation time for U.K. drivers at the car-sharing service in a ruling that could change how workers are treated in the country’s burgeoning gig economy. Three London...
Pennsylvania Based NSM Insurance Group Makes First International Acquisition
Oct 26 2016 // NSM Insurance Group, a Conshohocken, Penn., based insurance program administrator, has acquired Vantage Holdings, a U.K.-based collector car and outdoor leisure program administrator. The acquisition is subject to FCA...
UK Employers Downbeat About Economy, Hiring After Brexit Vote: Poll
Oct 26 2016 // The number of British firms that are confident about the economy halved after the Brexit vote, with larger firms and those in regions which voted to stay in the EU more downbeat than those in areas that backed Leave, a...
U.S. Says Trade Talks with Britain Not Possible Until Brexit Resolved
Oct 17 2016 // Britain needs to sort out its relationship with the European Union before it can begin to talk to the United States about any post-Brexit trade deal, U.S. Trade Representative Michael Froman said in Geneva on...
UK Banks Reluctant to Report Extent of Relentless Cyber Attacks
Oct 14 2016 // Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial...
Finance Execs Should Slash Their Pay to Win Back Trust in Business: Lloyd’s CEO
Oct 13 2016 // Finance executives should consider slashing their own paychecks as the U.K. works to exit the European Union in order to win back the trust of people who have lost faith in large businesses, according to Lloyd’s of...
London’s Mayor Khan Warns Exiting EU Could Make UK Poorer
Oct 12 2016 // London Mayor Sadiq Khan told business leaders that he’ll fight any attempt to take the U.K. out of the European Union’s single market, a move he says could make Britain poorer. “If we were to leave the...
British Financial Industry Tallies Lost Jobs, Revenue from ‘Hard Brexit’
Oct 5 2016 // Britain’s financial industry could lose up to 38 billion pounds ($48.34 billion) in revenue in a so-called ‘hard Brexit’ that would leave it with restricted access to the European Union’s single...
Britain’s Financial Sector Fears Damage from Brexit Lobbying Squabbles
Oct 3 2016 // Large banks in Britain have clashed with other parts of the financial sector about who should be leading efforts to lobby the government over Brexit. Failing to present a united front could be damaging as the industry,...
Deutsche Bank Sells Insurance Unit to Britain’s Phoenix Group
Sep 28 2016 // Deutsche Bank AG has sold its British insurance business Abbey Life to Phoenix Group Holdings as it sheds non-core assets and reduces its balance sheet in an effort to reassure anxious investors and meet regulators’...
UK Financial Sector’s Optimism Plunges in Wake of Brexit Vote
Sep 27 2016 // Optimism about the outlook for Britain’s financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial services firms by...
More than 3/4s of UK CEOs Mull Moving Headquarters as Result of Brexit: KPMG
Sep 26 2016 // The U.K.’s vote to leave the European Union has left more than three-quarters of chief executive officers saying they would consider moving their headquarters or operations outside Britain, according to a survey of...
Gibraltar Weighs Post-Brexit Reinvention if UK Loses Passporting Rights
Sep 23 2016 // Gibraltar, a rocky British enclave on Spain’s southern tip that has positioned itself as a springboard for finance to the European Union, may have to reinvent itself after Britain voted to split from the bloc. Fund...
Lloyd’s to Move Some Business to EU if UK Loses Post-Brexit Passporting
Sep 22 2016 // The Lloyd’s of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the bloc, its...
