United Kingdom

The road to Brexit


LSE scuppers Deutsche Boerse merger hopes by rejecting EU demand

LONDON/FRANKFURT The London Stock Exchange has all but ended a planned merger with Deutsche Boerse to create Europe's biggest exchange, which had faced growing opposition since Britain's vote to leave the European Union.

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Poland sees 100,000-200,000 Poles coming home after Brexit

WARSAW Between 100,000 and 200,000 Poles living in Britain may return home as a result of Britain leaving the European Union, a Polish government ministry said on Monday.

Hiscox shortlists Luxemborg, Malta for EU base ahead of Brexit

Lloyd's of London underwriter Hiscox Ltd was in talks with regulators in Luxemborg and Malta over setting up a new insurance base in one of the countries to service European Union clients after Britain leaves the bloc, its chairman said.


UK services optimism is highest since Brexit vote - CBI

LONDON Optimism among businesses in Britain's services sector is now higher than at any time since June's vote to leave the European Union, despite the prospect of rising costs and prices eroding profits, a major business survey showed on Monday.


Farage posts picture of 'dinner with The Donald'

LONDON British anti-EU campaigner Nigel Farage posted a picture of him having "dinner with The Donald" on Twitter, the latest meeting between U.S. President Donald Trump and the critic of Prime Minister Theresa May.


May's Conservatives gain parliament seat as rivals suffer setbacks

STOKE-ON-TRENT/WHITEHAVEN, England Prime Minister Theresa May's Conservatives secured a landmark victory in a parliamentary by-election on Friday, strengthening her hand ahead of Brexit negotiations as her rivals suffered damaging setbacks.


Northern Ireland leader says rivals may force return to London rule

OMAGH, Northern Ireland Irish nationalists may force a prolonged collapse of Northern Ireland's devolved government and a return to direct rule from London if they cannot agree a new government with unionists, the leader of the British province said on Friday.


Aston Martin's losses accelerate, new DB11 brings year-end surge to sales

LONDON British luxury carmaker Aston Martin reported a sharp rise in losses on Friday, failing to turn a profit for the sixth year running, but said the launch of the DB11, its first new model since restructuring, caused sales to surge at the end of 2016.


Brexit prompts ship insurers to look at Luxembourg, Cyprus bases

LONDON U.K.-regulated ship insurers are preparing plans to open new outposts in European Union jurisdictions such as Luxembourg and Cyprus, fearing that Brexit will hinder access to the EU's financial market, industry sources involved say.


On visit to London, Peugeot boss offers reassuring words on Vauxhall plants

LONDON The head of French carmaker PSA played down the threat to British factories when he discussed the potential takeover of GM's European operations with union officials and politicians in London on Friday.

UK minister says assured by Peugeot CEO of commitments to UK plants

LONDON Britain's business minister Greg Clark said he discussed with the chief executive of Peugeot the firm's approach to expand production, rather than close plants, as the French carmaker explores taking over GM's Vauxhall and Opel brands in Europe.

Germany says unsure of Trump trade stance, but keen for U.S. talks

BERLIN Germany does not yet have a full picture of the approach U.S. President Donald Trump's administration is taking on foreign, security and trade policy but is keen to engage with Washington on these issues, a Foreign Ministry spokesman said on Friday.


Bundesbank official warns London banks against post-Brexit tricks

LONDON UK-based banks that want to operate across the European Union after Brexit must set up genuine operations, not 'empty shells' in EU countries, a Bundesbank official said on Friday.


Bundesbank seeing no regulation price war over Brexit

LONDON The Bundesbank said on Friday it has seen no evidence of regulators across Europe trying to undercut each other in a race to attract banks from Britain after Brexit.


RBS posts ninth straight annual loss on 'sins of the past'

LONDON Royal Bank of Scotland reported a sharp rise in losses on Friday as higher misconduct charges and restructuring costs underscored the challenges facing the lender nine years after it was bailed out in the world's biggest bank rescue.