Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave

Article 0 Comments England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion) in assets to a new Irish company just before the starting gun is fired on Brexit. The move, timed for 2259 GMT on March 29, is part […]

UK PM May Scrambles to Find Brexit Compromise as Clock Ticks Down

Article 0 Comments British Prime Minister Theresa May is preparing to compromise with the European Union over the future of Ireland’s border, with just two weeks left to save her Brexit deal. Brexit Secretary Stephen Barclay privately told the EU’s chief negotiator, Michel Barnier, on Monday the U.K. doesn’t need […]

Brexit Takes a Heavy Toll on UK Economy: Office for National Statistics

Article 0 Comments Mounting uncertainty over Brexit is weighing heavily on the British economy, which slowed last year to its weakest growth rate since the aftermath of the global financial crisis, official figures showed Monday. The Office for National Statistics said that the British economy grew by a quarterly rate […]

Brexit Uncertainties Create Potential Legal Nightmare for UK Exporters

Article 0 Comments Business is brisk at Nim’s Fruit Crisps. Pineapples are imported from Costa Rica, kiwis from Italy and oranges and lemons from Spain. They’re then turned into healthy snacks for export to Israel, South Africa, Hong Kong and elsewhere. You wouldn’t know that the company in southeast England […]

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

Article 0 Comments It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out how the outcome would affect its investments […]

IMF Contends Failure to Reach Brexit Deal Will Shrink British Economy

Article 0 Comments Britain’s economy will shrink if it leaves the European Union without a Brexit deal and it will suffer some damage whatever terms it agrees, the International Monetary Fund said on Monday, challenging the promises of some Brexit supporters. The Fund predicted Britain’s economy would grow by about […]