Results for United Kingdom
- Brits Start to Count the Cost of Brexit
In the June referendum on whether Britain should leave the European Union, 61 percent of the voters in the city of Sunderland voted to quit. As a result, 6,700 jobs at Nissan’s factory there are now in peril as the Japanese carmaker weighs whether to bui ...
Daily Headline - global.abi.org - 10/24/2016 - 21:33 - 0 comments
- MPs Back Stripping Green Of Knighthood Over BHS Collapse
British MPs have backed stripping billionaire Philip Green of his knighthood over the collapse of BHS department store, in a symbolic move that will raise pressure on the tycoon over his promises to resolve the company’s pension problems, the Irish Tim ...
Daily Headline - global.abi.org - 10/20/2016 - 21:07 - 0 comments
- Hard Brexit Heightens Insolvency Risk, Says Report
A hard Brexit would put 1,400 more UK companies into insolvency than a soft Brexit, according to new forecasts, the Financial Times reported. Compared with this year, by the end of 2019 the number of failing companies could jump almost a third to mor ...
Daily Headline - global.abi.org - 10/13/2016 - 22:22 - 0 comments
- Pound Plunges In Late Trading On Growing Brexit Concerns
The pound slumped in late trading on Tuesday, firmly establishing sterling as the worst major performing currency this year as investors grow increasingly alarmed at the prospect of a severe rupture between the UK and EU, the Financial Times reported ...
Daily Headline - global.abi.org - 10/11/2016 - 22:13 - 0 comments
- Global Banks Fight Back on Brexit, Warning $51 Billion at Stake
Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report warned on Tuesday, Bloomberg New ...
Daily Headline - global.abi.org - 10/04/2016 - 21:31 - 0 comments
- Banks to Miss Out on Special Favors in May’s Brexit Plans
British financial-services companies will get no special favors in Brexit negotiations from Prime Minister Theresa May, who wants to change the relationship between the government and the City of London, Bloomberg News reported. According to three senior ...
Daily Headline - global.abi.org - 10/03/2016 - 19:06 - 0 comments
- U.K. Pension Deficits Fall from Record as Challenge Remains
Research by PricewaterhouseCoopers LLP showed that U.K. company pension deficits fell by 20 billion pounds ($26 billion) in September but remained close to the previous month’s record high of 710 billion pounds, Bloomberg News reported today. The funding ...
Daily Headline - abi_admin - 09/30/2016 - 14:41 - 0 comments
- British Government Urged to Ban Cold Calling to Stop Pension Scams
A new petition is urging the British government to ban cold-calling about pensions and investments in a bid to protect people from fraudsters, the Telegraph reported today. Financial advisers – backed by former pensions minister Baroness Ros Altmann ...
Daily Headline - abi_admin - 09/29/2016 - 15:09 - 0 comments
- No Quick Fix to City of London’s Brexit Conundrum
As the debate over how to carry out Brexit intensifies, the City of London finds itself in the firing line, the Wall Street Journal reported today. To some hard-line Brexiters, repeated warnings from bankers about the costs of quitting the European s ...
Daily Headline - abi_admin - 09/29/2016 - 15:11 - 0 comments
- Farming Debt Reaches Record High Of £2.2 Billion
At the end of May 2016 a total of £2.2 billion was owed to banks – a rise of £177 million on the previous year, and the seventh year in a row that debt levels have increased, The Courier reported. In addition to this, farms have an estimated £1.4 bil ...
Daily Headline - global.abi.org - 09/13/2016 - 21:47 - 0 comments