London market News
A ‘Hard Brexit’ Appears Increasingly Likely
Prime Minister Theresa May will call on Britons to reject the acrimony of the Brexit referendum in a speech this week that some newspapers have billed as setting the stage for a "hard" exit from the ...
UK Finance Industry Abandons Post-Brexit Demand for Full EU Market Access
Britain's finance industry has reluctantly given up on efforts to keep full access to the European Union after Brexit and is pushing instead for a more limited trade deal that would potentially ...
Brexit Uncertainty Targeted by New Aon Risk Management Tool
Aon plc is launching a new product designed to address uncertainty and manage risk created by Britain's Brexit vote in 2016 to leave the European Union. The company's new "Brexit Navigator" is ...
Post-Brexit, London’s Financial Services Sector Must Keep EU Access: Industry Report
Britain's financial services sector must keep its unfettered access to the European Union's single market after Brexit given that available alternatives don't provide a sustainable long-term ...
British PM: Hard Brexit Break Is Not Inevitable
A clean break with the EU's single market is not inevitable, British Prime Minister Theresa May said on Monday, seeking to clarify comments that pushed down the pound on the possibility of a ...
Brexit Threatens 10 Percent of London’s Financial Jobs: London Official
Up to 10 percent of jobs in London's financial district may be lost if Britain fails to secure adequate access to European Union markets after Brexit, a City of London official said on Wednesday. ...
Brexit Fallout: More Global Insurers Considering European HQ Move to Ireland
A growing number of global insurers are considering moving to Ireland and some may choose to locate European headquarters there rather than Britain following that country's vote to leave the European ...
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...