Reuters•11 minutes agoUK markets watchdog urges joint action with EU on Brexit risks
Britain's markets watchdog urged his European counterparts on Tuesday to work jointly to address risks from Brexit, saying unilateral action by the United Kingdom would only offer second-best measures. Regulators in Britain are worried about potential disruption to financial stability unless mechanisms
Reuters•40 minutes agoEU downplays prospect of bespoke Brexit trade deal for banks
The European Union's existing system of market access for foreign financial firms is not perfect but can work for Britain after it leaves the bloc next year, the EU's financial services chief said on Tuesday. The so-called equivalence system is based on Brussels granting access to the EU for
- Reuters - UK Focus•41 minutes ago
EU downplays prospect of bespoke Brexit trade deal for banks
The European Union's existing system of market access for foreign financial firms is not perfect but can work for Britain after it leaves the bloc next year, the EU's financial services chief said on Tuesday. The so-called equivalence system is based on Brussels granting access to the EU for
- Reuters - UK Focus•2 hours ago
EU says "equivalence" a pragmatic solution for UK banks after Brexit
The European Union's existing system of market access for foreign financial firms is not perfect but can work for Britain after it leaves the bloc next year, the EU's financial services chief said on Tuesday. The so-called equivalence system is based on Brussels granting access to the EU for
- Reuters - UK Focus•2 hours ago
Sterling falls to five-week low on dollar rebound, Brexit nerves
Sterling fell on Tuesday to its lowest since mid-March, its sixth consecutive daily fall, as the dollar rebounded and investors worried about the performance of the British economy. April has historically proved to be supportive for the pound because of a seasonal rise in capital inflows into Britain
Reuters•3 hours agoBritain hails new optimism about Brexit deal for financial services
The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago
Sky News•13 hours agoRolls-Royce considers 'technical' Brexit switch
British manufacturing giant Rolls-Royce is considering moving the design approval process for its large jet engines to Germany as a "technical measure" to avoid Brexit disruption. The FTSE 100 group said it was among possible contingency moves but was not expected to result in jobs being
Sky News•21 hours agoNo 10: Brexit showdown on customs union not a 'vote of confidence' in PM
Downing Street has dismissed suggestions a looming parliamentary showdown over a key part of Theresa May's Brexit strategy will effectively be a vote of confidence in the Prime Minister. The PM's official spokesman said it was an "absolute mystery" where suggestions had originated
Reuters•23 hours agoBritain hails new optimism about Brexit deal for financial services
The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago
- Reuters - UK Focus•23 hours ago
Britain hails new optimism about Brexit deal for financial services
The British government and senior finance executives said they are increasingly confident Europe will offer financial companies generous market access after Brexit, boosting London's hopes of retaining its status as a top global financial centre. Since Britain voted to leave the EU 22 months ago
- Reuters - UK Focus•23 hours ago
Switzerland and Britain looking to match EU ties in time for Brexit
Switzerland and Britain are working to transpose Switzerland's current trade relationship with the European Union into a bilateral arrangement to ensure there are no major headaches immediately after Brexit. "We don't want to fall into the gap of not having our bilateral relationship cleared
Reuters•yesterdayGemalto says post-Brexit UK passport contract will create jobs, protect data
Franco-Dutch digital security group Gemalto said on Monday that its contract to make the new, post-Brexit British passport would create new jobs and that it would ensure citizens' key data details are protected. "The passports will be personalised in the UK to ensure all citizens’ personal
- CNBC•yesterday
Amid Brexit and rising populism — there’s a country that’s still desperate to join the euro
The eastern European nation of Bulgaria has provided the EU with some much-needed confidence, forging ahead with more integration despite rising anti-euro sentiment across the continent.
- Yahoo Finance UK•4 days ago
Ex-EU chief Barroso says Brexit proves bloc is ‘not like the Soviet Union’
The former head of the European Commission has found a silver lining in the Brexit cloud hanging over Brussels. Jose Manuel Barroso said today that the UK’s departure shows that the EU is a “union of free countries” rather than a “union of diktat” like the Soviet Union. Mr Barroso, who led the Commission
- Business Insider UK•4 days ago
Brexit pushes European dairy giant to make cuts
COPENHAGEN, Denmark (AP) — A major European dairy cooperative says that currency swings caused by Brexit are among the reasons it has to cut costs by over 400 million euros ($495 million) over the next three years.
- Reuters - UK Focus•4 days ago
Irish firms becoming less spooked by Brexit - Bank of Ireland chairman
Irish firms who held back on investing due to the uncertainty caused by neighbouring Britain's decision to leave the European Union are beginning to make investment decisions again, Bank of Ireland's chairman ...
- Business Insider UK•4 days ago
Britain confident in Brexit talks, sees no return to hard Irish border
Britain expressed confidence on Friday that there would no return of a hard border with EU member Ireland after Brexit, saying it did not recognize reports that the bloc had rubbished its proposals. Last year, the European Union rejected Britain's proposals for preventing a return to a hard border
- Reuters - UK Focus•4 days ago
Britain confident in Brexit talks, sees no return to hard Irish border
Britain expressed confidence on Friday that there would no return of a hard border with EU member Ireland (Other OTC: IRLD - news) after Brexit, saying it did not recognise reports that the bloc had rubbished its proposals. Last year, the European Union rejected Britain's proposals for preventing
- Evening Standard•4 days ago
Carl Mortished: Commonwealth trade is not a rational solution to Brexit
Unfortunately, her plans for a new, non-imperial British trading empire have been sabotaged at the very outset by the embarrassing news that the Home Office may have unlawfully deported Commonwealth immigrants from the Caribbean who were carried off the good ship Empire Windrush as babes in arms in the
Reuters•4 days agoDairy firm Arla launches cost-cutting after Brexit hit
Arla Foods [ARLAF.UL], one of the world's biggest dairy companies, said a weaker pound after Britain's vote to leave the European Union prompted it to start a cost-cutting programme to save 400 million euros (£351.2 million) by the end of 2020. The move comes as a result of the company's
- Reuters - UK Focus•4 days ago
EU's Barnier says still some 25 pct of work to do on Brexit
The European Union's chief Brexit negotiator Michel Barnier said on Friday some 25 percent of work remained to be done on a pact covering UK withdrawal from the EU, including crucial issues such as management of the Ireland (Other OTC: IRLD - news) /Northern Ireland border. "In terms of what
