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Telefónica Upbeat as O2 Performance Improves

A round of job cuts has been made at O2 to strengthen the British mobile network’s performance, as parent company Telefónica continues to weigh options for the business. About 5 per cent of the UK network’s 6,500 workforce left the company in the fourth ...

Daily Headline - global.abi.org - 02/23/2017 - 21:37 - 0 comments

Container Shipping Faces Critical Moment After Years of Losses

At first glance, it is not obvious watching the cargo moving on and off the Leverkusen Express at the Port of Southampton that the container shipping industry has been contending with the biggest financial crunch in its 60-year history. Cranes lift boxes ...

Daily Headline - global.abi.org - 02/22/2017 - 21:46 - 0 comments

UK Tata Steelworkers Accept Pension Cuts

Tata steelworkers in the UK have voted to accept the closure of their £15bn pension fund, a historic sacrifice that brings the industry closer to resolving the crisis in British steel, the Financial Times reported. Thousands of trade union members ba ...

Daily Headline - global.abi.org - 02/15/2017 - 21:20 - 0 comments

E-Storage Updater 4th Edition

In this 4th edition of the E-Storage Updater, our global team looks back on 2016, plus technology and regulatory news highlights for the last quarter. Click here for more. (Australia, Costa Rica, United Kingdom) bankruptcy,insolvency,head ...

Resource Article - twallace@abiwor... - 02/14/2017 - 14:08 - 0 comments - 0 attachments

‘Fast-Track’ Probe into BHS Collapse Could Take Until 2019

An investigation into the collapse of BHS could take as long as two years to determine whether any of the department-store chain’s former directors should be disqualified, the head of the Insolvency Service has said, while expressing “confidence” that th ...

Daily Headline - global.abi.org - 02/09/2017 - 22:40 - 0 comments

UK Energy Market Watchdog to Review Supply Licences This Year

Britain's energy market regulator Ofgem will review the way it awards supply licences and financial requirements on energy suppliers later this year, it said, following calls for firms to undergo stricter financial stress tests, the International ...

Daily Headline - global.abi.org - 02/09/2017 - 22:42 - 0 comments

RSA Boosts Capital Strength with $1 Billion Reinsurance Deal

British insurer RSA has strengthened its capital base above its target range with a deal to dispose of a book of mainly asbestos-related insurance policies, the firm's chief financial officer said on Wednesday, Reuters reported. RSA, best known in B ...

Daily Headline - global.abi.org - 02/08/2017 - 22:02 - 0 comments

Central Bankers Face Off Over Impact of a Disorderly Brexit

Europe’s leading central bankers are at loggerheads over one of the biggest economic judgments facing the continent: does a disorderly Brexit pose a financial stability risk? Mark Carney, Bank of England governor, fears a messy and severe Brexit could be ...

Daily Headline - global.abi.org - 02/08/2017 - 22:07 - 0 comments

Insurance focus – January 2017

Insurance focus is a bi-annual magazine on global legal and regulatory issues in the insurance industry, published by Norton Rose Fulbright. Click here for more. (United Kingdom) bankruptcy,insolvency,headlines,articles,legislatives,debt,r ...

Resource Article - twallace@abiwor... - 02/08/2017 - 14:08 - 0 comments - 0 attachments

Auto-enrolment: the basics and practicalities for employers

The Department for Work and Pensions (DWP) has announced that it will conduct a review of automatic enrolment during 2017, which will focus on ensuring that auto-enrolment continues to meet the needs of individual savers. Evidence will also be gathered a ...

Resource Article - twallace@abiwor... - 02/08/2017 - 14:02 - 0 comments - 0 attachments

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