Theft and Violence in UK Retail Soar to Record Levels, Survey Shows January 30, 2025 By James Davey Theft and violence against retail workers in Britain soared to record levels last year and are “out of control,” driven...
UK’s Reeves to Meet Key Financial Services Sectors January 21, 2025 British finance minister Rachel Reeves said on Monday she would meet representatives from key financial services sectors, such as banking...
One in Four UK Firms Cut Jobs After Reeves Budget, PMI Shows January 6, 2025 By Tom Rees Almost one in four British businesses cut jobs in December amid widespread pessimism over the squeeze on their finances from...
European Insurers’ Fundamentals Resilient to Moderating Premium Rates, Falling Yields December 19, 2024 By Sabine Bauer and Manuel Arrivé European insurers approached the new year from a position of strength, having benefited from supportive interest rates and pricing cycles...
Aviva Reaches Initial £3.6 Billion Deal to Buy Direct Line December 6, 2024 By Pamela Barbaglia, Dinesh Nair, Aaron Kirchfeld and Leonard Kehnscherper Aviva Plc reached a preliminary agreement to buy Direct Line Insurance Group Plc for £3.6 billion ($4.6 billion) in a...
Insurer Fortegra Launches Subsidiary in UK December 4, 2024 The Fortegra Group Inc., the Jacksonville, Florida-based specialty insurer and subsidiary of Tiptree Inc., announced it has received regulatory approval...
UK Business Activity Set to Shrink in Wake of Budget, CBI Says December 3, 2024 Business activity in the UK is on course to shrink for the first time in more than two years as...
Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods December 2, 2024 Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able...
UK Employers Warn Tax Rise Will Hit Investment and Pay November 25, 2024 By David Milliken British employers have been caught off guard by a 25 billion-pound ($31 billion) tax rise at last month’s budget and...
Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector November 15, 2024 By Sinead Cruise Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said...