UK market News

Who Is to Blame for Deadly 2017 Grenfell Tower Fire?

A public inquiry into the devastating 2017 London Grenfell Tower blaze concluded on Wednesday that a “culmination of decades of failure” by the government and the construction industry ultimately led to the disaster that killed 72 people. The report detailed …

UK Grenfell Tower Fire Inquiry Blames All Deaths on Incompetence and Greed

A public inquiry into the devastating 2017 London Grenfell Tower blaze that killed 72 people blamed the disaster on failings by the government, construction industry and, most of all, the firms involved in fitting the exterior with flammable cladding. The …

UK Insurers Call for Rule Change to Establish Captive Insurance Regime

Senior figures in the insurance industry are calling on the UK to restart work on a potential new market worth billions of pounds as part of a drive to boost competitiveness. Executives have written to Chancellor Rachel Reeves calling for …

UK’s Thames Water Seeks Deal to Escape £104 Million Sewage Fine

Cash-strapped Thames Water is seeking to strike a deal with its regulator to avoid a fine of £104 million ($133 million) for polluting rivers. Industry regulator Ofwat said the utility released raw sewage from wastewater treatment works for years without …

UK Financial Firms Spur IPO Optimism as Europe Rebound Stutters

Potential initial public offerings by a slew of UK financial services firms could drive the next stage of Europe’s recovery after momentum in new listings slowed sharply. Such hopes have arisen after Bloomberg reported that backers of Canopius Group are …

UK Water Companies Lambasted by Environment Agency for Sewage Releases

Britain’s Environment Agency on Tuesday lambasted the country’s water companies for spewing sewage into rivers and seas, saying the majority of them were failing to get the basics right, as it outlined plans for a tougher regulatory approach. Years of …

British Insurers Propose Green Infrastructure Funding Model

Britain’s insurers set out plans on Monday on how to channel billions of pounds freed up from their safety buffers into infrastructure such as EV charging stations to boost growth. The new Labour government in Britain has said that chunks …

Ardonagh Advisory Acquires UK’s Rollinson Smith Insurance Brokers

Ardonagh Advisory has acquired Rollinson Smith Insurance Brokers (RSIB), a UK community broker that operates in the Shropshire, Staffordshire, West Midlands and North Wales regions with significant reach in London as well as other areas of the country. Financial details …

Banks Face Record Number of UK Lawsuits as Economy Stumbles

Banks in the UK are embroiled in the highest number of lawsuits in a decade in a trend that shows no sign of slowing down. Almost three new cases involving financial services firms were filed every day on average at …

Investors Put UK Election Winner Labour on Credibility Watch

Big investors are warming to Britain after a landslide election win for its new Labour government but remain wary of placing long term bets until Prime Minister Keir Starmer can convince them his economic growth plans are credible. Sterling GBP=D3, …