Results for United Kingdom
- Defined benefit scheme liability management exercises
Many sponsoring employers of defined benefit pension schemes are keen to limit their exposure to the volatility of their scheme’s liabilities and increasing funding deficits. It is open to these employers to carry out a number of liability management exe ...
Resource Article - abi_admin - 10/05/2015 - 11:01 - 0 comments - 0 attachments
- Article 13 of the EIR: The double test
Recently the European Court of Justice (ECJ) provided useful guidance on how to interpret Article 13 of the European Insolvency Regulation (EIR). Before this decision, the ECJ had already decided that if insolvency proceedings have been opened, the c ...
Resource Article - abi_admin - 10/05/2015 - 10:52 - 0 comments - 1 attachment
- British Steel Crisis Deepens As SSI UK Goes Into Liquidation
Britain's steel sector crisis intensified on Friday as its second-largest steelmaker, SSI UK, went into liquidation after mothballing its Redcar plant in northeast England earlier this week and axing 1,700 jobs, Reuters reported. The decision to liq ...
Daily Headline - global.abi.org - 10/04/2015 - 17:51 - 0 comments
- British Regulators Weigh Deadline for Loan Insurance Compensation
British regulators said on Friday that they may soon set a deadline for consumers to seek compensation for the improper selling of a contentious insurance product that has cost the banking industry billions of dollars in refunds, the International New ...
Daily Headline - global.abi.org - 10/04/2015 - 18:07 - 0 comments
- Steelmaker SSI UK Mothballs Redcar Plant, To Axe 1,700 Jobs
Britain's second-biggest steelmaker SSI UK said on Monday it plans to mothball its Redcar plant in northeast England and axe about 1,700 jobs, calling its future into question and deepening a crisis in the British steel sector. The loss-making compa ...
Daily Headline - global.abi.org - 09/28/2015 - 21:35 - 0 comments
- UK Interest Rate Rise Unlikely Until May 2016, CEBR Forecasts
The Bank of England is likely to keep interest rates on hold until the middle of next year rather than raising them sooner, following a gloomier outlook for the global economy, according to the economic forecaster CEBR, The Guardian reported. The Cen ...
Daily Headline - global.abi.org - 09/27/2015 - 21:43 - 0 comments
- UK Steelmakers Appeal For Help As Threat Of Closures Looms
Britain’s steelmakers are urging the government to rescue the industry from a “perfect storm” that has pushed one of the UK’s largest steelworks to the edge of closure, The Guardian reported. UK Steel, the industry lobby group, said its members were ...
Daily Headline - global.abi.org - 09/23/2015 - 22:11 - 0 comments
- Ailing Steelmaker SSI Halts UK Production; 2,000 Jobs At Risk
Britain's second-largest steelmaker, SSI UK, said on Friday it was halting operations at its Redcar plant in northeast England, calling into question the future of its business and putting 2,000 jobs at risk. The company, a unit of Thailand's l ...
Daily Headline - global.abi.org - 09/20/2015 - 20:54 - 0 comments
- U.K. Inflation Drops Back to Zero in August
U.K. inflation edged down to zero in August amid a renewed fall in fuel costs and subdued price rises on the high street, the Telegraph reported today. The Office for National Statistics (ONS) said that the drop in consumer prices inflation to zero from 0.1pc in the year to July was mainly ...
Daily Headline - abi_admin - 09/15/2015 - 12:25 - 0 comments
- ABB Restructuring Stokes Break-Up Speculation
ABB is to shake up its structure with the aim of saving $1bn a year after activist investor Cevian Capital built up a stake in the power grids and robotics giant, The Telegraph reported. Ahead of an investor day on Tuesday, the world’s largest manufa ...
Daily Headline - global.abi.org - 09/09/2015 - 21:13 - 0 comments