London market News
More Brexit Fallout: FM Global Chooses Luxembourg as EU Hub
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, ...
Unexpected UK Election Could Strengthen May’s Brexit Negotiating Position
U.K. Prime Minister Theresa May won by a landslide the approval she wanted for a June 8 snap election as she seeks to strengthen her mandate ahead of Brexit negotiations. Lawmakers in the House of ...
Brexit Escape Clause Goal of Lawsuit Filed in Irish Court
A lawyer and a trio of Green party politicians filed an Irish lawsuit seeking to give the U.K. a last-minute Brexit escape clause if public sympathy turns against leaving the European Union during ...
Brussels Wins as Lloyd’s Choice for Post-Brexit EU Hub
Lloyd's of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc. The company expects the ...
Brexit Has Officially Begun
Prime Minister Theresa May filed formal Brexit divorce papers on Wednesday, pitching the United Kingdom into the unknown and triggering years of uncertain negotiations that will test the cohesion of ...
Brussels or Luxembourg? Lloyd’s Will Reportedly Choose One as EU Hub
Lloyd's of London, the world's largest speciality insurance market, will this week pick Brussels or Luxembourg for its planned European Union subsidiary, after Dublin had been an early favorite, ...
Brexit Uncertainty Hasn’t Yet Dented London’s Status as Top Global Financial Center
London has retained the mantle as the world's top financial center, though uncertainty about the implications of Britain's vote to leave the European Union saw its lead over Asian rivals narrow, ...
EU May Introduce Passporting for Fintech Services
The European Commission could introduce EU passporting and lower regulatory requirements for financial technology firms, moves that could undercut London's leading position in "fintech" as Britain ...