London market News
EU Braces for the UK’s Boris Johnson, Preparing for a No-Deal Brexit or Another Delay
The European Union is bracing for either a no-deal Brexit or another delay if Boris Johnson becomes Britain's prime minister next week with a pledge to renegotiate a deal the bloc says it will not ...
‘The Future at Lloyd’s’ Revamp Effort Elicits Sizable Stakeholder Feedback
When the 10-week consultation period for "The Future at Lloyd's" project ended last week, Lloyd's confirmed that participation was widespread, with more than 4,000 suggestions and comments received ...
Lloyd’s Abandons Some Ship Insurance, Leaving Rivals to Ride Rising Rates
Rivals to Lloyd's of London are riding a rising tide of marine insurance rates, leaving the 330-year-old market behind after it jettisoned sections of its oldest line of business last year. Premiums ...
Lloyd’s CEO Pursues Meetings With AIG, Chubb to Boost Its U.S. Business
EU Claims to Be Ready for No-Deal Brexit on Oct. 31, Despite Undesirability
The European Union said it's ready for the U.K. to leave the bloc without a deal and isn't planning any further contingency measures. In a progress report on its no-deal Brexit planning, the European ...
Brexit Uncertainties Trigger Sharp Drop in European Business Confidence
Uncertainty over Britain's departure from the European Union has triggered a sharp drop in business confidence in Europe over the past six months, a survey showed on Thursday. Only 50% of European ...
Brexit Crisis Worsens: May Resigns and Johnson Pursues Party Leadership
Fighting back tears, Theresa May said on Friday she would quit after failing to deliver Brexit, setting up a contest that will install a new British prime minister who could pursue a cleaner break ...
Who Is Winning the Brexit Cyber War? The UK’s Nigel Farage
Nigel Farage's newly-created Brexit Party is threatening to wipe out Theresa May's Conservatives in the European Parliament elections. One reason behind the Farage surge in the polls may be his ...
London’s Finance Industry Will Be Largely Unscathed From Brexit: UK Ministers
Britain's vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world's top financial centers, ministers in Prime Minister Theresa May's government ...